WYNN Stock Recent News
WYNN LATEST HEADLINES
Gaming stocks remain deeply undervalued despite market fears of a recession and tariffs, which I believe are overblown. Discounted cash flow analysis shows only a few gaming stocks are fully valued. Most are still bargains. The narrative that online gaming will destroy live casino gaming is fundamentally flawed and unsupported by evidence.
LONDON--(BUSINESS WIRE)--Wynn Resorts, Limited (WYNN) announced that it completed the purchase of Wynn Mayfair from Crown Resorts, having received the required approval from the UK Gaming Commission. The prestigious Mayfair casino location expands Wynn's footprint in Europe and the Middle East ahead of Wynn Al Marjan Island resort opening in the UAE in early 2027. Wynn Mayfair spans two historic townhouses at 27-28 Curzon Street, Mayfair, and is London's most exclusive gaming and dining experie.
Wynn (WYNN) reported earnings 30 days ago. What's next for the stock?
WYNN benefits from steady market performance and key development progress but faces industry challenges.
Casino stock Wynn Resorts Inc (NASDAQ:WYNN) is trading 1.9% lower at $88.83 at last check, starting off June on a sour note.
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Wynn Resorts has dropped its bid for a gaming license in New York City. Wynn had partnered with Related Companies to develop an integrated casino resort in Manhattan.
A controversial proposal to build a $12 billion casino complex in Hudson Yards near the High Line was dropped in the face of fierce community opposition, officials said Monday. The Wynn Resort-Related Companies partnership announced it withdrew the bid, which was due for submission next month.
US stocks have been reclaiming some of their lost ground in recent sessions after the Trump administration and President Xi's office agreed to pause reciprocal tariffs on each other's products for 90 days. The world's largest economies will be working on reaching a broader, more permanent agreement during this three-month period.
Investors need to pay close attention to Wynn Resorts (WYNN) stock based on the movements in the options market lately.