The market performance of Wynn Resorts Limited (NASDAQ: WYNN) has seen a mixture of underperformance and overperformance when compared to competitors. Numerous buying and selling of WYNN shares by companies such as Creative Planning, Lazari Capital Management Inc., and Sequoia Financial Advisors LLC indicate active market for the stock. Wynn Resorts has faced lawsuits related to improper actions regarding customer gambling and has forfeited $130M in a federal deal over illegal transactions, along with a $70M class-action settlement. On the bright side, the company received the UAE's first gambling license and announced the Wynn Al Marjan Island project. Q2 2024 financials show positive yearly growth but missed estimates. Wynn's 62% of shares are held by institutional owners and the company raised funds via senior notes offering. Wynn Resorts is pushing forward with global expansion despite challenges, with the CEO affirming development plans in Las Vegas and the company undertaking a bid for a New York casino. The announcement of Jacqui Krum succeeding Ellen Whittemore as general counsel is a significant personnel change. Overall, the company's performance and trajectory provide a mixed bag of positive and negative impacts.
Wynn Resorts Ltd WYNN News Analytics from Wed, 07 Feb 2024 08:00:00 GMT to Sat, 26 Oct 2024 13:10:26 GMT - Rating -2 - Innovation 0 - Information 3 - Rumor -7
