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Fly News Breaks for September 30, 2015
WYNN
Sep 30, 2015 | 07:35 EDT
After meeting with Wynn's management, Stifel says that the company is not yet seeing stabilization of the Macau VIP market and is unsure when that market will bottom. However, the firm expects the Hong Kong/Macau bridge to be "a game changer" for the region when it's opened, enabling it to more closely resemble Las Vegas and Atlantic City. Wynn remains upbeat on Macau's longer term outlook, according to Stifel, which keeps a Hold rating on the stock.
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