Wynn Resorts shares are trading again after a bit of confusion. The stock was halted after someone accidentally filed an 8-K that said Wynn won a land concession, implying progress on a Macao casino. The stock was trading about 6% higher prior to the halt and investors held to their bets after the shares resumed trading.
The first filing said that a Land Concession Contract was published in the official gazette of Macau in January 2012 that permits Palo and Wynn Macau to develop a resort with a five-star hotel, gaming areas, retail, entertainment, food and beverage, spa and convention offerings on the Cotai Land.
An amended 8K retracted the information "in its entirety" and said the earlier filing was unauthorized and made by mistake by the company's agent.The stock continued to trade about 5% higher in recent activity.