In the bio-tech sphere, Wynn Resorts Ltd. WYNN has been making significant strides. Several asset management firms have recently adjusted their stakes in the company, with Zweig DiMenna Associates LLC, Oak Thistle LLC and Principal Financial Group Inc. each selling large chunks of shares. Meanwhile, AE Wealth Management LLC, New York State Common Retirement Fund and Jackson Creek Investment Advisors LLC have acquired substantial new positions. Wynn Resorts reported an 8.8% surge in stock price following a jump in Macau gaming revenue, but the company disappointingly dropped its bid for a New York City Casino License. The company's shares are thriving on the market with analysts noting triple-digit wealth increases and lightning-fast capital gains. Furthermore, Wynn Resorts' Q1 2025 earnings call highlighted strong Macau performance, despite facing a fine of $5.5M for an illegal scheme to recruit high-rollers. The company's future looks promising as it dismissed plans for a New York City Casino Licence and instead focussed on expanding in Europe by acquiring Crown London.
Wynn Resorts Ltd WYNN News Analytics from Wed, 11 Dec 2024 08:00:00 GMT to Sat, 26 Jul 2025 12:37:42 GMT - Rating 5 - Innovation 7 - Rumor 6
