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LVS, MGM and WYNN are Top Casino Losers Reports Penny Stock Pick Alert

Wynn Resorts, Limited (NASDAQ:WYNN) Plunged 11% Despite WYNN Reported Q3 EPS of 33 Cents, Topping Street Estimates of 17 Cents

 



(EMAILWIRE.COM, October 30, 2009 ) Dallas, TX - Wynn Resorts, Limited (NASDAQ:WYNN) plunged 4% to $53.87 on massive volume of over 7 million shares. Yesterday, it plunged 11% 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) fell 8% to $13.17. Yesterday, it fell about 11%. 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) slipped 7.50% to $8.91. Yesterday it dropped about 12.50%. 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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