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Fly News Breaks for August 7, 2018
WYNN
Aug 7, 2018 | 08:06 EDT
As reported earlier, Argus analyst John Staszak downgraded Wynn Resorts to Hold after its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. The analyst adds that he is worried about potential cannibalization of Wynn Macau by Wynn Palace, the impact of China government's money laundering efforts, and a casino smoking ban, along with rising compensation costs pressuring margins. As part of his research note, Staszak also lowers his FY18 EPS forecast on Wynn to $7.40 from $8.10 and FY19 forecast to $9.10 from $9.50.
News For WYNN From the Last 2 Days
WYNN
Mar 28, 2024 | 09:34 EDT
Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).