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Height Securities on regulatory risk with Wynn Resorts [Seeking Alpha]

WYNN RESORTS (WYNN)  More Company Research Source: Seeking Alpha
Last wynn resorts earnings: 8/1 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
PDF Height Securities on regulatory risk with Wynn ResortsHeight Securities analyst Stefanie Miller thinks Wynn Resorts (NASDAQ:WYNN) is likely on safe ground to keep its licenses in Macau, Nevada and Massachusetts."We believe that Steve Wynn stepping down from his position as CEO of WYNN, creates a path for Massachusetts, Macau, and Nevada regulators to avoid revoking the company’s existing licenses. Instead, we believe the most likely punitive actions will come in the form of monetary fines," writes Miller.While the crucial Macau license is up for renewal in 2022, Miller says Wynn's reported behavior is not a "major concern" to Macau regulators ."We think the complicated and opaque license renewal process writ large creates far more risk for WYNN than the recent allegations of sexual assault by the company's former CEO," she advises.Click to subscribe to real-time analytics on WYNNNow read:Steve Wynn's Personal Woes: A Cause For Concern, But Not Panic » [Read more]

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