Sign in

    Lizzie Dove • Goldman Sachs

    Lizzie Dove's questions to Wynn Resorts Ltd (WYNN) leadership

    Lizzie Dove's questions to Wynn Resorts Ltd (WYNN) leadership • Q2 2025

    Question

    Lizzie Dove of Goldman Sachs requested a deeper check on the Las Vegas consumer, asking about spending patterns and any differences between domestic and international visitors. She also inquired about the strategic preparations for the Wynn Al Marjan Island launch.

    Answer

    CEO Craig Billings noted that as a high-end barometer, Wynn has seen continued strong casino volumes and stable fine dining checks, indicating resilient spending from its target clientele. Regarding Wynn Al Marjan Island, he explained that extensive, non-public work on infrastructure is underway, with a key focus on educating the market about the project's quality and opportunity ahead of its launch.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to United Parks & Resorts Inc (PRKS) leadership

    Lizzie Dove's questions to United Parks & Resorts Inc (PRKS) leadership • Q2 2025

    Question

    Lizzie Dove asked about the attendance trends at non-Orlando parks, particularly the Busch Gardens locations, and what factors were gating their performance. She also asked for clarity on expectations for the second half of the year, noting the company was no longer referencing a record EBITDA target.

    Answer

    CEO Marc Swanson acknowledged an opportunity to improve performance at parks like Busch Gardens Tampa, citing weather impacts and the need for better marketing awareness as contributing factors. For the second half outlook, Swanson detailed a path to strong results based on slightly positive Q3-to-date attendance, popular upcoming events, favorable weather comparisons to last year's hurricanes, and a new $15 million cost-reduction plan. He stressed the need to improve per capita metrics.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Six Flags Entertainment Corp (FUN) leadership

    Lizzie Dove's questions to Six Flags Entertainment Corp (FUN) leadership • Q2 2025

    Question

    Lizzie Dove of Goldman Sachs asked for clarification on the 2026 CapEx plan of $400 million and how the company balances ride investments, which drive attendance, with leverage considerations. She also noted the greater EBITDA pressure at legacy Six Flags parks and asked about the timeline for reinvestment initiatives to show results.

    Answer

    CEO Richard Zimmerman explained that the 2026 CapEx of $400 million is prudent as they can still benefit from the 2025 capital program into next year. He emphasized that reviving underpenetrated parks requires consistent, multi-year investment in the total guest experience, including amenities and food & beverage, not just major rides. CFO Brian Witherow clarified the 2025 CapEx remains $475-$500 million.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Marriott International Inc (MAR) leadership

    Lizzie Dove's questions to Marriott International Inc (MAR) leadership • Q2 2025

    Question

    Lizzie Dove of Goldman Sachs asked about development trends in Greater China, noting that they seem to have defied the region's mixed RevPAR environment.

    Answer

    CFO Leeny Oberg confirmed 'fantastic' room signings in China, with 70% of first-half signings in the select-service segment, which offers lower risk and solid returns for owners. She stated that rooms growth in the region is in the high single digits. President & CEO Anthony Capuano added that year-over-year room signings in China for 2025 are up almost 20%.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Avis Budget Group Inc (CAR) leadership

    Lizzie Dove's questions to Avis Budget Group Inc (CAR) leadership • Q2 2025

    Question

    Lizzie Dove from Goldman Sachs inquired about recent weekly trends in Revenue per Day (RPD) and what is factored into the second-half guidance, and also asked for an assessment of the current competitive environment.

    Answer

    CEO Brian Choi noted some 'green shoots' in RPD recently, likely due to industry-wide supply tightening from recalls, but was cautious about calling it a structural trend. He reiterated that Avis responds to, rather than sets, market prices. Regarding competition, Choi acknowledged it is always intense but positioned the Avis First initiative as a strategic move to differentiate on value and experience, aiming to grow the entire industry's profit pool rather than just competing on price for a commodity product.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Caesars Entertainment Inc (CZR) leadership

    Lizzie Dove's questions to Caesars Entertainment Inc (CZR) leadership • Q2 2025

    Question

    Lizzie Dove from Goldman Sachs inquired about the potential for further incremental investments in Las Vegas properties beyond those already announced. She also asked about the sustainability of the high online sportsbook (OSB) hold rate achieved in the quarter.

    Answer

    President & COO Anthony Carano detailed upcoming projects, including room remodels at Caesars Palace, a new TAO day club, and the Vanderpump Hotel at Cromwell, stating that the rest of the portfolio is in 'pretty dang good shape.' Regarding OSB hold, President of Caesars Sports & Online Gaming Eric Hession acknowledged that favorable sports outcomes boosted the Q2 hold rate but maintained a long-term target of 10%, citing structural improvements like higher parlay mix.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Wyndham Hotels & Resorts Inc (WH) leadership

    Lizzie Dove's questions to Wyndham Hotels & Resorts Inc (WH) leadership • Q2 2025

    Question

    Lizzie Dove of Goldman Sachs inquired about the current key money environment, asking if it has become more competitive or if a greater amount of capital per deal is now required.

    Answer

    CFO Michele Allen described the key money environment as 'pretty consistent.' She emphasized that this capital is successfully being used to secure higher fee-per-room deals, which are 36% more accretive than the existing system. Allen stated it's a valuable tool for winning deals in the midscale and above space, but the competitive landscape has not fundamentally changed.

    Ask Fintool Equity Research AI

    Lizzie Dove's questions to Las Vegas Sands Corp (LVS) leadership

    Lizzie Dove's questions to Las Vegas Sands Corp (LVS) leadership • Q2 2025

    Question

    Lizzie Dove asked about the expected timing and cadence for the Londoner Macao to reach its goal of $1 billion in annualized EBITDA. Her follow-up question concerned the competitive response to LVS's increased promotional activity in the market.

    Answer

    Grant Chum, President & CEO of Sands China, stated that the Londoner is only in the 'very early innings' of its ramp-up, having just fully launched in May, and is already running close to an $800 million annualized EBITDA. He expressed confidence in reaching the $1 billion goal but did not provide a specific timeline. On the competitive environment, he noted that the market remains intense and expects it to stay that way, but LVS is now 'in the mix' with its reinvestment levels and seeing encouraging results, especially at the high end.

    Ask Fintool Equity Research AI