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WYNN, LLVS, MGM – Top Casino Losers

Wynn Resorts, Limited, Las Vegas Sands Corp, and MGM MIRAGE were Top Casino Losers

 

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(EMAILWIRE.COM, October 28, 2009 ) Dallas, TX - Wynn Resorts, Limited (NASDAQ:WYNN) plunged 11% to close at $56.13 on 14.30 million shares despite WYNN reported Q3 EPS of 33 cents, topping Street estimates of 17 cents. Revenues in the quarter rose 1% year-over-year to $773.1 million, and came in well ahead estimates of $723.3 million. Steve Wynn, chairman and CEO, said if things keep going as they are, WYNN expects 2009 results to be better than 2008. Wynn also said it has not been too bad in the quarter. We are even in Vegas and up in Macau. He also claimed that "If thinks stay the way they are, we are going to equal or beat what we did in 2008".

Las Vegas Sands Corp. (NYSE:LVS) dipped 10.90% to end the day`s trade at $14.31 on over 64.99 million shares after WYNN results. Las Vegas Sands Corp (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas), The Palazzo Resort Hotel Casino (The Palazzo) and The Sands Expo and Convention Center (the Sands Expo Center) in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel (The Venetian Macao) and the Four Seasons Hotel Macao, Cotai Strip (the Four Seasons Macao) in Macao, People’s Republic of China (China).

MGM MIRAGE (NYSE:MGM) fell 12.45% or $1.34 to close at $9.63 on over 50.64 million shares. MGM MIRAGE is engaged in gaming and resort operations. The Company owns and operates casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities.

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