175.56 +0.08 (0.05%)
After hours: 4:18PM EST
|Bid||175.36 x 200|
|Ask||175.96 x 400|
|Day's range||171.67 - 176.07|
|52-week range||90.51 - 176.07|
|PE ratio (TTM)||48.64|
|Earnings date||24 Jan 2018 - 29 Jan 2018|
|Forward dividend & yield||2.00 (1.19%)|
|1y target est||169.07|
Wynn Resorts saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
Police in the world's largest gambling hub of Macau are hunting for a dealer suspected of stealing HK$48 million ($6 million) worth of casino chips from Wynn Macau, authorities in the Chinese-controlled territory said on Thursday. Casino thefts in the former Portuguese colony of Macau, which rakes in gambling revenue more than five times that of the Las Vegas strip, are rare, with the majority of cases typically involving employees. Wynn confirmed to Reuters in an email that the matter was being handled by the police.
Gambling revenue growth in Macau could have its best month since July, according to an analyst report, sending Las Vegas Sands and other casino stocks higher.
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Casino operators like Las Vegas Sands (LVS) and Wynn Resorts (WYNN) have done well in the past year, and Morgan Stanley's Thomas Allen expects that strength to continue—and for laggard MGM Resorts International (MGM) to see a better 2018. Allen and his team write that Wynn is still their favorite pick for the New Year, thanks to strength in Macau and Wynn’s outperformance there. For Macau, Allen raised his 2018 gaming revenue growth forecast to 16% from 11%, driven by stronger visitation and spending trends and following 20% revenue growth in the fourth quarter, which easily topped his expectations of 15%.
Jim Cramer tracked the casino stocks' months-long rebound to gauge whether an improving outlook overseas could still drive the sector higher.
We expect Wynn Resorts' (WYNN) strong brand recognition and improving non-gaming revenues, coupled with expansion in the domestic market, to drive growth.
Wynn Resorts, Las Vegas Sands and Melco Crown are sliding Tuesday after Macau gaming revenue for the month of December unexpectedly fell short of estimates.
The Zacks Analyst Blog Highlights: Centene, Rush Enterprises, Fiat Chrysler Automobiles N.V., World Wrestling Entertainment and Wynn Resorts
Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters' appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth. Figures from Macau's Gaming Inspection and Coordination bureau on Monday showed revenues rose 19 percent for 2017 to 265.7 billion patacas ($33.13 billion). Winnings have been higher for operators such as Sands China Ltd, Wynn Macau Ltd, Galaxy Entertainment Group Ltd and Melco Resorts & Entertainment Ltd which have casinos on the Cotai strip - a stretch of reclaimed land which now boasts some of Macau's most opulent properties.
Dec.28 -- Bloomberg's Chris Palmeri explains why Steve Wynn's settlement with a former employee in 2005 haunts the casino mogul's board room battle with his ex-wife, Elaine Wynn. He speaks on "Bloomberg Markets."