WYNN Las Vegas Stocks Soar « Thread Started on Jul 13, 2008, 2:25am »
WYNN stocks soar whilst other in Las Vegas take a slide.
Thursday evening, WYNN shares soared after Wynn Resorts Inc. forecast strong quarterly operating income from its property based in Macau.
WYNN shares rose 15% to $80.40 after the company said it expects second-quarter operating income in Macau to double and Las Vegas operating income to drop by more than 50%. The operating income in Macau is expected to be in the range of $100 million to $106 million, compared with $53.2 million last year. Wynn sees operating income at its Las Vegas property in the $18 million to $22 million range, down from $63.4 million last year. FREE 1000 UK Sterling Pound GBP Weekend Slots and Blackjack Tournament! CLICK HERE!
Wynn announced that it had increased its share buyback program by up to $500 million from its previously announced $1.2 billion repurchase program.
LVS - Las Vegas Sands. Corp.
Las Vegas Sands Corp. shares soared 11% to $37.67 . MGM
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