Wynn Resorts Stock News

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 histori...

LAS VEGAS--(BUSINESS WIRE)--Freestyle Chess, the innovative chess league co-founded by Magnus Carlsen and Jan Henric Buettner that prioritizes creativity over memorization, will bring their Grand Slam Tour to the United States for the first time this July. The event, hosted at Wynn Las Vegas, will kick off with “Chesstival” on July 13, featuring current and former NBA players in a knockout-styl...

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.

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.

Wynn Resorts, Limited's Q1 results missed Wall Street's expectations. Earnings declines in Wynn's Macau properties caused pressure as the VIP hold faltered and competitive pressure remains high. Tariffs have caused delays on $375 million of Wynn's previously planned U.S. investments. Rising U.S.-China tension may also weigh on consumers, causing an uncertain outlook for WYNN stock.