Comment on Why Wynn Resorts (WYNN) Stock Is Slumping Today

Why Wynn Resorts (WYNN) Stock Is Slumping Today

NEW YORK (TheStreet) -- Shares of Wynn Resorts, Limiteda are lower by 2.52% to $182.36 this morningaafter news that Macau September casino gaming revenue is expected to have plunged 13% from a year ago, Bloomberg reported. The fallain gaming revenue in September would mark four straight months of declines in Macau, the only regionain China where casinos are legal. Visa restrictions and theacrackdown on the use of UnionPay debit cards to transfer money from China have kept away high rollers, who accounted for 60%aof the city's gaming revenue, Bloomberg added. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months.

 

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