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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:14 EDTWYNMF, WYNNMacau graft agency investigates Wynn land agreement, Reuters says
Macau's corruption agency said it is looking into a land agreement having to do with CEO of Wynn Resorts (WYNN) Steve Wynn's upcoming $4B casino, according to Reuters, citing a comment in an email from the anti-graft agency. The agency decided to investigate the agreement and asked the Macau government to provide more facts on how a little-known company secured the rights to land before it was granted to Wynn. The land is now part of Macau's Cotai Strip, where Wynn's Wynn Macau (WYNMF) is poised to open its second casino resort in 2016. Reference Link
News For WYNN;WYNMF From The Last 14 Days
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July 28, 2015
10:00 EDTWYNNNevada reports June statewide gaming win down 8.4% to $830.94M
Reports June Las Vegas Strip gaming win down 16.3% to $445.51M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
July 24, 2015
13:50 EDTWYNNWynn Resorts volatility elevated into Q2 and outlook
Wynn Resorts July weekly call option implied volatility is at 71, August is at 44, September is at 38; compared to its 52-week range of 23 to 47, suggesting large near term price movement into the expected release of Q2 results on July 27.
July 23, 2015
15:11 EDTWYNMFWynn Macau upgraded to Conviction Buy from Buy at Goldman
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07:32 EDTWYNNLas Vegas Sands results encouraging, says Stifel
After Las Vegas Sands (LVS) reported higher than expected Macau property-level EBITDA, Stifel says that the beat should cause analysts to raise their estimates for the company. The firm adds that the results are encouraging for all "Macau-centric operators." It raised its price target on Las Vegas Sands to $65 from $60 and keeps a Buy rating on the shares. Other companies with a major presence in Macau include Melco Crown (MPEL), Wynn Resorts (WYNN), and MGM (MGM).
July 22, 2015
19:02 EDTWYNNOn The Fly: After Hours Movers
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July 19, 2015
13:47 EDTWYNNWynn Resorts could be 'long-term winner' if Macau improves, Barron's says
Shares of Wynn Resorts look "potentially cheap" ahead of a possible recovery in Macau gambling, Barron's contends in a 'Trader Extra' column. The publication calls Wynn "one of the best-managed companies in the sector," and though Macau could worsen, "stabilization by next year" is the more likely outcome, says Barron's. Reference Link

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