Figures are bad but it might be a good time to buy stock

Massachusetts' gambling regulator on Monday said it will allow Wynn Resorts Ltd WYNN.O to remove founder Steve Wynn's name from its license for a planned $2.5 billion casino following. SALEM — The Massachusetts Gaming Commission’s vote Tuesday to back mogul Steve Wynn’s casino proposal in Everett dashed the hopes of North Shore leaders who saw a Mohegan Sun project in. Wynn's lawyer asked the Massachusetts Gaming Commission last month to remove Wynn as a 'qualifier' on the casino license, because he no longer has a financial interest in or a business relationship with the company he founded, or in the casino scheduled to open next year in Everett, Massachusetts. Everett, MA - The Massachusetts Gaming Commission is one step closer to finalizing a gaming license for Encore Boston Harbor, the casino scheduled to open in Everett in June 2019. The commission voted on February 20th to settle the lawsuit brought by the former head of Wynn Resorts, Steve Wynn.

Steve Wynn Casino Everett Mason

Steve Wynn is considering bidding to build a casino on the site of a former chemical plant in Everett, Mass., as the Las Vegas casino developer pursues a site for the second time in the Bay State.

By JOSH RESNEK

For those of you out there who are stock investors – and there are thousands of those in the city of Everett – you should pay close attention to Wynn Resorts stock’s ups and downs.

During the past six months, the stock has moved between $68 to $75 dollars a share.

At $68, there is almost the guarantee at current business income figures, the stock will rise to at least $75.

Getting over $75 has been difficult although that price level has been pierced several times during the past six months – but never for long.

The virus has destroyed Wynn’s business in Macau.

The business has come back a bit recently but remains about 80% off from last year’s figures.

Macau is Wynn’s cash cow. Seventy-five percent of its business is generated there.

Steve Wynn Casino Everett Mass

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