Wynn Resorts price target raised to $151 from $133 at Cantor Cantor increased its price target on Wynn after the company reported higher than expected Q4 EBITDA for both Macau and Las Vegas. The firm continues to believe that the company has best in class assets and it reiterates a Buy rating.
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NY authorizes development of three upstate gaming resorts Governor Andrew Cuomo released the Upstate NY Gaming Economic Development Act, which will establish three destination resorts with gaming in Upstate New York. The legislation authorizes three upstate Destination Resorts to enhance tourism development. Destination Resorts will be selected only on merit by the gaming commission or a separate board to be selected by the commission. No Destination Resort will be authorized in New York City, and no Destination Resort will be located downstate until a minimum of five years after the first upstate Destination Resort opens. Reference Link
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