Dallas, Texas 04/23/2014 (FINANCIALSTRENDS) – Wynn Resorts, Limited (NASDAQ:WYNN), the resort people are now looking at smart movement on the stock market, even as other resort-based company set up shop in new places.
Wynn Resorts, Limited (NASDAQ:WYNN) will see more competition coming out of Philippines as Solaire Resort and Casino began operations.
Manila Bay will house over four integrated resorts in what is called as Entertainment City with each resorting costing over US $1billion.
Wynn Resorts, Limited (NASDAQ:WYNN) has a market capital of $21.87 billion. The Profit and Earnings ratio is 30.13. The stock trades on the infra-day session at prices of $206.83 and $216.99. The average 52 week trading average for the stock is between $121.84 low and $249.31 high. The stock opens on the market at $208.00, at the start of the latest trading session.
Wynn Resorts, Limited (NASDAQ:WYNN)operates a range of destination casino resorts. The company is also engaged in developing such resorts along with ownership of the same.
The main line of operations for this chain is the Wynn Las Vegas resorts located in Nevada. One of the major resorts of this property is the Encore Wynn Las Vegas unit. The other units owned by Wynn including the Encore Wynn Macau as well as the Las Vegas operations and Macau Operations.
The highlight of the Macau Operations is the 1,008 hotel room as well as suite, with over 495 table games. It also has a range of slots, such as the 835 slot machines. The number of hotel rooms is 4,750 hotel rooms as well as suites. It also includes as many as 240 table games and over 2,195 slot machines at the Macau Operations.
Wynn Resorts, Limited (NASDAQ:WYNN) is also entangled in legal issues with Universal Entertainment corp and its Japan-based mogul – Kazuo Okada.