BlackRock Updates Passive Stake in Wynn Resorts (WYNN)

Ticker: WYNN · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns a chunk of Wynn Resorts, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, indicating its ownership of Wynn Resorts Ltd. common stock as of December 31, 2023. This filing, Amendment No. 5, updates BlackRock's passive investment stake in the casino and hotel operator. For investors, this means a major institutional investor continues to hold a significant, though passive, position in Wynn Resorts, signaling ongoing institutional confidence in the company's long-term prospects.

Why It Matters

This filing shows that BlackRock, a massive institutional investor, maintains a significant, passive stake in Wynn Resorts, which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

An investor should note that BlackRock's continued passive ownership suggests a stable institutional presence in Wynn Resorts, but this filing alone doesn't indicate any new catalysts for price movement. It's a routine disclosure of an existing position.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5)'.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY' section.

What is the subject company whose securities are being reported?

The subject company is WYNN RESORTS LTD, as indicated by '(Name of Issuer) WYNN RESORTS LTD' and in the 'SUBJECT COMPANY' data.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement'.

Under which rule is this Schedule 13G/A filed?

This Schedule 13G/A is filed under Rule 13d-1(b), as indicated by the 'X' next to '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-004906.txt : 20240126 0001086364-24-004906.hdr.sgml : 20240126 20240126172651 ACCESSION NUMBER: 0001086364-24-004906 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WYNN RESORTS LTD CENTRAL INDEX KEY: 0001174922 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 460484987 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78590 FILM NUMBER: 24569227 BUSINESS ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 7027707555 MAIL ADDRESS: STREET 1: 3131 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us9831341071_012624.txt us9831341071_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) WYNN RESORTS LTD -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 983134107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 983134107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 7107366 (6) Shared voting power 0 (7) Sole dispositive power 7623440 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7623440 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- WYNN RESORTS LTD Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 3131 LAS VEGAS BOULEVARD SOUTH LAS VEGAS NV 89109 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------

View on Read The Filing