Wynn's Stock Continues To Decline Amid Junket Concerns But Outlook Remains Positive

Wynn Resorts has seen a steep fall in its stock price in the recent past amid renewed concerns over Macau junket operators. While the stock plunged over 30% in September, it is down over 70% in last 12 months due to a slowdown in Macau gaming. This past month there were concerns on liquidity crunch for casino players, amid junket issues. Earlier this month, there was a theft case with one of the junket operators and this past week it was Neptune Group, which warned it will cut back its Macau ope...