\n“It’s very important that you don’t get caught up in the very short-term myopia,” Wynn explained. “Mass has an awful lot to do with access. We’re literally surrounded on four sides by things that are under construction.”<\/span><\/strong><\/p>\n<\/blockquote>\nWynn Macau Limited, Wynn Resorts’ holdings company in China, revealed strong financial data today for the first six months of 2017. <\/span><\/p>\nIn an interim results announcement, Wynn Macau said net profits totaled HK$1.6 billion ($200 million) January through June, a nearly 40 percent bonus on the same period in 2016. <\/span><\/p>\nThat’s of course due to the fact that Wynn Palace wasn’t open during the timeframe last year, but net revenue at Wynn Macau was also up on its own.<\/span><\/p>\nWynn Macau Limited announced an interim dividend of about two cents per share, but also a warning regarding the second half of 2017. “The overall effect of the anti-graft campaign and monetary transfer restrictions may negatively affect our revenues and results of operations,” the company stated. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Wynn Resorts stock has been upgraded from “hold” to “buy” by Deutsche Bank on optimistic revenue forecasts largely stemming from the company’s operations in Macau. After a disappointing second-quarter earnings report posted last month that sent the stock south over seven percent, Deutsche Bank analyst Carlo Santarelli says the return of VIP players, along with […]<\/p>\n","protected":false},"author":42,"featured_media":56930,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Wynn Resorts a Solid Investment Buy, Deutsche Bank Opines<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n