The Traderszone Network

Published in TZ Latest News 22 November, 2016 by The TZ Newswire Staff

Can Steve Wynn’s Latest Resort Live Up to the High Expectations?

The most obvious takeaway from Wynn Resorts‘s (NASDAQ: WYNN) third-quarter results is that Wynn Palace on Macau’s Cotai Strip is off to a slow start and may be underperforming Las Vegas Sands‘ (NYSE: LVS) new Parisian resort a few blocks away. As fellow Fool Rich Duprey recently pointed out, the Parisian reported more EBITDA in fewer days than Wynn Palace, which isn’t a great sign for the new Wynn property. 

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