Wynn Resorts (WYNN) Posts Sales Decline In 2Q Amid Macau Turmoil

<p>Panelists Dan Wasiolek and Ed Butowsky recap Wynn Resorts' 2Q earnings, as revenue missed estimates amid ongoing weakness in Macau. Butowsky has a target price of $100, as the Las Vegas business is fairing well relative to 2019. But he notes big debt payments in 2024 and 2025 are looming largely. Wasiolek has a $104 fair value estimate on shares, as Macau demand remains anemic but long-term, he remains constructive on the casino operator. </p><p><br></p>