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Stock impact report

Casino Operator Stocks Q4 Earnings Review: Wynn Resorts (NASDAQ:WYNN) Shines [Yahoo! Finance]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: Yahoo! Finance
Let's take a look at how Wynn Resorts (NASDAQ:WYNN) and the rest of the casino operator stocks fared in Q4. Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies can also enjoy healthy margins and profits. Have you ever heard the phrase ‘the house always wins'? Regulation cuts both ways, however, and casinos may face stroke-of-the-pen risk that suddenly limits what they can or can't do and where they can do it. Furthermore, digitization is changing the game, pun intended. Whether it's online poker or sports betting on your smartphone, innovation is forcing these players to adapt to changing consumer preferences, such as being able to wager anywhere on demand. The 9 casino operator stocks we track reported a slower Q4; on average, revenues beat analyst consensus estimates by 1.5%. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ri Show less Read more
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