Oak Harvest Investment Services has invested a notable $2.29 million in Wynn Resorts. This is amidst the reports that the Wynn Resorts stock underperformed on Thursday compared to its competitors. The company has been experiencing a mix of high and lows as shown by Q4 industry outlook. Significant developments have been observed as the Wynn Resort continued to bolster its investor relation team and made a big move in acquiring high-end Crown London from Crown Resorts.
However, the Q3 earnings and revenues that missed estimates led to a drop in its stock. Despite this, hedge funds still consider Wynn Resorts as one of the best gambling stocks to invest in. On another ote, Wynn Resort was also reported to forfeit $130M in a deal with feds over illegal transactions. On a positive front, the company gained UAE’s first gambling license.
The company has had a number of stake increases with Tilman Fertitta making a considerable investment which has caused the stock to surge. In midst of pressure, Wynn Resort made strategic expansions like the acquisition of Crown London despite Q3 performance missing expectations.
Wynn Resorts Ltd WYNN News Analytics from Mon, 29 Apr 2024 07:00:00 GMT to Sat, 01 Feb 2025 12:22:47 GMT - Rating 2 - Innovation -4 - Information 6 - Rumor -6
