Someone with a lot of money to spend has taken a bearish stance on Wynn Resorts (NASDAQ:WYNN).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
China will strike the final blow to its COVID-19 restrictions at the beginning of next year, for both citizens of the country and those traveling to the mainland.
What Happened: China will reopen borders and abandon quarantine after it downgrades its treatment of COVID on Jan. 8.
On CNBC, Colin Mansfield of Fitch Ratings said Macau’s gaming industry is expected to see a "strong level of pent-up demand" amid the lifting of some travel-related covid-19 restrictions.
Wynn Resorts is pleased to announce that Wynn Resorts (Macau) S.A. has entered into a 10-year agreement with the Macau government for the renewal of its gaming concession, covering Wynn Macau and Wynn Palace Cotai.
J.P. Morgan analyst Joseph Greff provides insight on the outlook for gaming and lodging stocks/companies in the fiscal year 2023.
The analyst sees more compelling value and better risk-rewards in gaming versus lodging, given better values and differing sets of investors’ expectations for fundamentals.