Wynn Resorts Limited (WYNN) has displayed significant market fluctuation recently, with its stock experiencing a 6% decline. This comes amid a storm threat to Macau and subsequent drops in related stocks. The likes of Wealth Enhancement Advisory Services LLC and Lazari Capital Management have reduced their positions in Wynn Resorts. Major shareholder Tilman Fertitta has increased his stake, and the company has announced the date for its third-quarter earnings release. Various reports have examined technical patterns and investment potential of WYNN, with Goldman Sachs raising its target price and others suggesting a trend reversal could help recovery. Wynn Resorts' strategic focus has seen it withdraw from a bid for a New York City casino license. However, its ongoing operations have fetched record Q2 EBITDAR thanks to strong Vegas Casino revenue growth. Estimates suggest the WYNN stock is poised for growth over the next five years, despite recent fines for illegal recruitment schemes. With a strong performance in Macau and potential for expansion in the UAE, Wynn Resorts remains a key player in the gaming and hospitality sector.
Wynn Resorts Ltd WYNN News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Fri, 03 Oct 2025 22:18:28 GMT -
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