The Latest Breaking News from Wynn Resorts

According to data from Benzinga Pro, during Q1, Wynn Resorts's (NASDAQ:WYNN) reported sales totaled $953.33 million. Despite a 0.71% increase in earnings, the company posted a loss of $254.61 million.

Former Las Vegas casino mogul Steve Wynn has accepted an undisclosed financial settlement to end his federal defamation lawsuit against an attorney

Former Wynn Resorts Chief Executive Steve Wynn lobbied then-President Donald Trump in 2017 on behalf of the Chinese government, which sought the return of an exiled businessman, the United States said in a lawsuit seeking to compel Wynn to register as an agent for China.

Wynn Resorts's (NASDAQ:WYNN) short percent of float has risen 15.34% since its last report. The company recently reported that it has 5.96 million shares sold short, which is 5.64% of all regular shares that are available for trading.

The legalization of gambling in several states has not led to the boom in gaming and casino stocks that many were expecting over the long term.

Over the past 3 months, 6 analysts have published their opinion on Wynn Resorts (NASDAQ:WYNN) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Wynn Resorts (NASDAQ:WYNN) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Wynn Resorts missed estimated earnings by 5.22%, reporting an EPS of $-1.21 versus an estimate of $-1.15.

Russian-speaking tourists to the town of Ras Al Khaimah, part of the United Arab Emirates, have dipped since Russia invaded Ukraine, but visitors from other markets have offset that fall and overall visits are up this year, an official said on Tuesday.

Wynn Resorts (NASDAQ:WYNN) has observed the following analyst ratings within the last quarter:

An effort by Nevada casino regulators to impose a $500,000 fine and discipline former Las Vegas casino mogul Steve Wynn over allegations of workplace sexual misconduct has new life

Someone with a lot of money to spend has taken a bullish stance on Wynn Resorts (NASDAQ:WYNN). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.