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StockNews.com
StockNews.com
Business
Pragya Pandey

Is Wynn Resorts a Winner in the Resorts & Casinos Industry?

WYNN Wynn Resorts

Las Vegas-based Wynn Resorts Limited (WYNN) designs, develops and operates integrated resorts. The company's segments are Macau Operations; Las Vegas Operations; and Encore Boston Harbor. With the steady improvement in the resorts and casino industry, the company exhibited double-digit revenue growth in its recent fourth-quarter earnings release. 

However, the prolonged recovery in its Macau operations, which contributed approximately 70% to its revenue and earnings, has stymied its overall growth.

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