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Stock Market & Financial Investment News

News Breaks
July 11, 2014
07:14 EDTWYNN, WYNMFMacau 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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August 28, 2015
09:34 EDTWYNNNevada reports July statewide gaming win down 0.96% to $922.89M
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August 27, 2015
06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
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August 21, 2015
07:17 EDTWYNNMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTWYNNMacau GGR poised to sink 37% in August, says Bernstein
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