**Wynn Resorts Limited** has seen a flurry of activity recently with substantial share purchases by numerous institutional investors, including the **Illinois Municipal Retirement Fund**, **Pacific Heights Asset Management LLC**, and **Sumitomo Mitsui Trust Group Inc.**, among others. Furthermore, billionaire **Tilman Fertitta** increased his stake in the company, becoming the top shareholder. The company's expansion efforts are noteworthy, with the launch of Wynn Mayfair and the entry into the UAE market marked by the granting of a resort license in Ras Al Khaimah. The company posted a 27% price increase, driven by a significant jump in Macau gaming revenues, and received a consensus rating of 'Moderate Buy'. However, it was fined $5.5M pertaining to illegal transactions and withdrew its bid for a New York City Casino License. Despite headwinds like tariff-related expenses delaying remodeling projects, the Q1 2025 earnings portrayed a strong performance in Macau, although results missed estimates. Wynn Resorts' possible investment in Thai entertainment complexes and unused Las Vegas Strip property awaits action. The sad news came with the passing of casino executive, **Elaine Wynn**. Looking ahead, any investment in Thailand will happen via Wynn Resorts, as per the CEO.
Wynn Resorts Ltd WYNN News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 05 Jul 2025 22:15:36 GMT - Rating 2 - Innovation 0 - Information 7 - Rumor -5
