ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

WYNMY Wynn Macau Limited (PK)

8.60
-0.28 (-3.15%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Wynn Macau Limited (PK) USOTC:WYNMY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.28 -3.15% 8.60 8.20 8.96 8.78 8.33 8.78 5,687 21:02:26

Wynn Shares Up as Macau Casino Gambling Revenue Rises

01/07/2019 5:42pm

Dow Jones News


Wynn Macau (PK) (USOTC:WYNMY)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Wynn Macau (PK) Charts.

By Dave Sebastian

 

Shares of Wynn Resorts Ltd. (WYNN) climbed more than 7% to $132.73 in Monday trading after Macau's gambling regulator reported better-than-expected revenue growth last month.

The Macau Gaming Inspection and Coordination Bureau reported a 5.9% increase in casino gross gaming revenue, or GGR, in June from a year earlier. Nomura Instinet analysts, in a note Monday, said they predicted growth in Macau's gaming revenue to be flat to up 5% for the month.

The movement in Wynn's shares also comes after U.S. President Trump and Chinese President Xi Jinping at the Group of 20 summit agreed to put off additional tariffs on Chinese goods indefinitely.

"Accelerating GGR growth in June and the U.S.-China trade truce that was announced overnight should be viewed as strong positives for the Macau Gaming stocks," Nomura Instinet analysts said.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 

(END) Dow Jones Newswires

July 01, 2019 12:27 ET (16:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

1 Year Wynn Macau (PK) Chart

1 Year Wynn Macau (PK) Chart

1 Month Wynn Macau (PK) Chart

1 Month Wynn Macau (PK) Chart

Your Recent History

Delayed Upgrade Clock