July 30, 2010

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Wynn Resorts Falls on 33% Drop in Third-Quarter Net

Tue Oct 27 15:35:00 -0400 2009

Bloomberg.com (New York)

- Wynn Resorts Ltd., the casino company founded by Stephen Wynn, declined the most in five months in U.S. trading after reporting a 33 percent drop in third-quarter profit.

“Wynn has continued to struggle to gain traction with Encore,” the new resort in Las Vegas, said Christopher Jones, an analyst at Telsey Advisory Group in New York. Some investors had “high expectations for the quarter.”

To view the full article, download the PDF here: Bloomberg, October 27, 2009