|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||132.58 - 135.16|
|52 Week Range||90.06 - 167.59|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||16.41|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||4.00 (2.97%)|
|1y Target Est||143.19|
Marriott is under fire, facing a lawsuit from the Washington D.C. Attorney General over 'deceptive' resort fees. Yahoo Finance's Zack Guzman and Sibile Marcellus are joined by Michael Block of Third Seven Advisors to discuss.
A preliminary investigation by Massachusetts gambling regulators found that the Encore Boston Harbor resort casino had not violated gaming regulations, as alleged in a class action lawsuit filed this week.
Las Vegas Sands' (LVS) top line in second-quarter 2019 is likely to gain from robust performance of the company's Las Vegas operations, Marine Bay Sands, Sand Cotai Central and Venetian Macao segments.
A class action lawsuit claims that Encore Boston Harbor withheld money to patrons who reported winnings in blackjack and at the slot machines, violating state gaming rules and regulations.
The MGM Springfield casino generated less than $20 million in gross gaming revenue during the month of June, reflecting its second worst month since it opened nearly a year ago.
In the first eight days that Encore Boston Harbor was open, gamblers wagered more than $93.5 million on the slot machines alone at the Everett casino and the Wynn Resorts operation counted $16.79 million in total revenue, or more than $2 million a day.
Wynn Resorts Ltd. unveiled plans for a $2 billion expansion of its properties in Macau, including a theater and museum in the world’s largest gambling market. The Crystal Pavilion complex, which will be adjacent to the Wynn Palace on the Cotai peninsula, will include two hotel towers, interactive sculptures, gardens, and a performance space in […]The post Wynn Resorts Unveils $2 Billion Expansion Plan in Macau appeared first on Skift.
LAS VEGAS, July 9, 2019 /PRNewswire/ -- Wynn Las Vegas invites golfers to experience the anticipated return of the Wynn Golf Club and be among the first to play the new Tom Fazio golf course. Golf icon and course designer Tom Fazio, assisted by his son Logan, crafted a landscape of significant elevation changes set against water features and mature trees that are unique to desert golf. The only course connected to a resort on the Las Vegas Strip, the new Wynn Golf Club sits on the historic site of the Desert Inn Golf Club, a legendary venue for celebrity and pro tour golf dating back to the 1950s.
Five-star resort and celebrated chef to open new restaurant fall 2020 LAS VEGAS , July 8, 2019 /PRNewswire/ -- Wynn Las Vegas made a dramatic expansion to its culinary portfolio with the announcement of ...
The gambling capital of the world, Macau, China, a region that brings in more than 5 times the gambling revenue of Las Vegas, has American casino investors at the edge of their seats.
Improving prospects of a trade deal between the U.S. and China could sharply boost a number of stocks whose companies are heavily dependent on sales from China. Goldman Sachs sees industries ranging from technology and power solutions to gaming and dining benefitting as the world’s two largest economies work to sort out their trade issues and resolve the ongoing trade war, according to Business Insider. Ten of those stocks, along with the percentage of their sales from China, include Yum China Holdings Inc. (YUMC) at 100%, Wynn Resorts Ltd. (WYNN) at 75%, Qualcomm Inc. (QCOM) at 67%, Las Vegas Sands Corp. (LVS) at 62%, Monolithic Power Systems Inc. (MPWR) at 57%, Micron Technology Inc. (MU) at 57%, Qorvo Inc. (QRVO) at 57%, Broadcom Inc. (AVGO) at 49%, IPG Photonics Corp. (IPGP) at 44%, and Advanced Micro Devices Inc. (AMD) at 39%.
Consumer cyclicals stocks are heavily dependent upon the strength of the economy and broader business cycles. Check out which cyclical stocks came out on top for February 2019.
Shares of Wynn Resorts Ltd. shot up 6.7% in afternoon trading Monday, enough to pace the S&P 500 index's gainers, after upbeat government data on June gaming revenue in Macau and news regarding the U.S.-China trade war provided a boost to the casino operator. The Gaming Inspection and Coordination Bureau for Macau said monthly gross revenue from games of fortune increased 5.9% from a year ago, the biggest year-over-year monthly increase of 2019. Instinet analyst Harry Curtis said that exceeded the high end of its growth estimate of zero to 5%. "Bottom line: Accelerating [gross gaming revenue] growth in June and the U.S.-China trade truce that was announced overnight should be viewed as strong positives for the Macau gaming stocks," Curtis wrote in a note to clients. For Wynn, revenue from Macau operations represented about 76% of total revenue in the first quarter and 75% of total revenue in 2018, according to filings. The stock has soared 34% year to date, while the Dow Jones Industrial Average has gained 14%.
WYNN stock is on its way up Monday, but it isn't due to any Wynn Resorts news.Source: Aurlmas via Flickr (Modified)Instead, it looks like the increase for Wynn Resorts (NASDAQ:WYNN) comes from other news in the casino market. Specifically, the Macau region is reporting strong revenue growth for gaming companies in June.According to this news, gaming revenue for the month of June was up by roughly 6% from the same time last year. This was good news for casino stocks as there were worries that casino companies may struggle in the are in the future.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe concerns about gaming revenue in China comes from the ongoing trade war between the U.S. and the country. Luckily for WYNN stock, it doesn't look like this is the case. While there are still concerns about the gaming market in the U.S., that isn't bad Wynn Resorts news for WYNN stock today, reports Investorpedia. * 7 F-Rated Stocks to Sell for Summer It isn't just the month of June that has been good Wynn Resorts news. The month of May was also a positive with the Macau region still seeing strong growth from the same month in 2018. These two back-to-back months of revenue growth are reassuring investors that the trade war between the U.S. and China won't have a strong impact on the market.WYNN stock was up 6% as of Monday afternoon and is also up 18% since the start of the year. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Wynn Resorts News: Why WYNN Stock Is Surging Today appeared first on InvestorPlace.
Macau—the world’s largest gaming hub in Chinese territory—posted expectations-beating revenue for the past month. The region’s gaming industry reported total revenue rose 5.9% in June from a year earlier—nearly double the 1% to 3% increase analysts had expected.
Macau, China's lone gaming region and the largest gaming hub in the world, saw gaming revenue jump 5.9% in June from a year earlier to $2.95 billion and in turn was lifting shares of gaming companies with exposure to the region.