Wynn Resorts Ltd (WYNN) Q1 Macau Revenue Seen at $603-$613M
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Despite Strong Wynn Resorts (WYNN) Analyst Day, Wells Fargo Remains on the Sidelines
April 7, 2016 9:51 AM EDTWells Fargo analyst, Cameron McKnight, attended Wynn Resorts (NASDAQ: WYNN) resorts Analyst Day in Las Vegas. WYNN was the most bullish he can ever recall on Las Vegas driven by surging non-gaming demand but keeps his Market Perform rating because he believes Macau stabilization and improving Las Vegas trends are largely priced in.
The big news that came out of the analyst day was WYNN announced plans to redevelop its 130-acre golf course into Paradise Park and Lagoon. The project has a preliminary budget of $1-$1.5B and includes adding 1,000... More
UBS Remains Bullish on Wynn Resorts Ltd (WYNN) Following Pre-Announcement
April 6, 2016 8:43 AM EDTUBS reiterated a Buy rating and $95.00 price target on Wynn Resorts Ltd (NASDAQ: WYNN) following the company's pre-announcement, ahead of analyst day. WYNN reported that Macau net revenues will be in the $603-$613M range, above the Street's $592M estimate. Vegas net... More
