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Wynn Resorts Adjusts Convertible Bonds Conversion Price

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Wynn Resorts Adjusts Convertible Bonds Conversion Price

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Wynn Resorts ( (WYNN) ) has shared an announcement.

On June 2, 2025, Wynn Macau, Limited announced an adjustment to the conversion price of its 4.50% convertible bonds due 2029, following the payment of a final dividend of HK$0.185 per share. Effective June 3, 2025, the conversion price was adjusted from HK$10.01212 to HK$9.66905, impacting the convertible bonds’ conversion into approximately 487 million shares, which represents about 9.3% of the company’s total issued share capital.

The most recent analyst rating on (WYNN) stock is a Buy with a $138.00 price target. To see the full list of analyst forecasts on Wynn Resorts stock, see the WYNN Stock Forecast page.

Spark’s Take on WYNN Stock

According to Spark, TipRanks’ AI Analyst, WYNN is a Neutral.

Wynn Resorts demonstrates strong post-pandemic recovery and operational resilience, as reflected in revenue and cash flow growth. However, significant balance sheet concerns due to high leverage and negative equity weigh heavily on the financial health of the company. Technical indicators suggest caution with potential overbought conditions. While the earnings call provided a positive outlook with strong performance in key markets, challenges such as CapEx delays and competitive pressures in Macau remain. Valuation metrics suggest a fair market valuation, with room for dividend yield improvement.

To see Spark’s full report on WYNN stock, click here.

More about Wynn Resorts

Wynn Resorts is a prominent player in the hospitality and entertainment industry, primarily known for its luxury resorts and casinos. The company operates in key markets, including Macau, where its subsidiary Wynn Macau, Limited is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 2,629,061

Technical Sentiment Signal: Hold

Current Market Cap: $9.18B

For detailed information about WYNN stock, go to TipRanks’ Stock Analysis page.

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