Can Wynn's Stock Gain 50% As Macau Business Rebounds Strongly?
Wynn Resorts(WYNN) Forbes·2024-06-13 18:00
The Grand Lisboa and Wynn casino, Macau, China. (Photo by: Bob Henry/UCG/Universal Images Group via ... [+] Getty Images)UCG/Universal Images Group via Getty ImagesWynn stock currently trades at $92 per share, roughly 34% below its pre-inflation shock high of $140 seen on March 17, 2021. The stock was impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region. Now the situation in the Macau gamin ...