The Traderszone Network

Published in TZ Latest News 12 January, 2017 by The TZ Newswire Staff

Wynn Resorts, Limited’s Worst Business Segment in 2016

2016 was something of a transition year for Wynn Resorts Limited (NASDAQ: WYNN). Its largest market, Macau, went from a steep two-year decline in gaming revenue to posting five straight months of year over year growth to end the year. Depending on how you look at it, that could be a good or bad thing. Wynn also opened its most expensive resort ever, the $4.4 billion Wynn Palace in the Cotai region of Macau, which should eventually bring hundreds of millions of cash into the business each year.

read more