|Bid||0.00 x 50000|
|Ask||0.00 x 50000|
|Day's Range||2,385.00 - 2,404.07|
|52 Week Range||1,600.00 - 2,504.79|
|PE Ratio (TTM)||906.50|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Macau suffered a few challenging years, but with last year appearing to mark a bottom, CFRA believes that U.S. casinos with exposure to the gambling hotspot could rebound. Analyst Tuna Amobi writes that after peaking around $ 45.3 billion in 2013, gross gaming revenues (GGR) slipped every year since, to just $38 billion last year. GGR also appears to be making a comeback, with the Macau Gaming Inspection and Coordination Bureau reporting a 17.2% rise in the first half of this year to about $ 15.7 billio, with the VIP and mass market segments up 24% and 20%, respectively.
Wynn Resorts was the S&P 500's top gainer on Tuesday. Buying was triggered in Wynn Resorts on August 16 due to the release of Deutsche Bank's report.
Wynn Resorts (WYNN) was a big mover last session, as the company saw its shares rise more than 6% on the day.