Better Buy: Wynn Resorts Or Penn National Gaming?
- Date: 11-Sep-2020
- Source: Forbes
- Sector:Financial Markets
- Country:GCC
Better Buy: Wynn Resorts Or Penn National Gaming?
Wynn Resorts Ltd. logos are illuminated at the Wynn Macau casino resort in Macau, China, on Tuesday, ... [+] June 5, 2012. Wynn Macau Ltd., the unit of billionaire Steve Wynn's Las Vegas company, plans to invest $4 billion for a new casino resort in the former Portuguese colony. Photographer: Jerome Favre/Bloomberg
BLOOMBERG NEWS
The shares of Penn National Gaming (NASDAQ: PENN) have nearly doubled since the beginning of the year compared to a 36% decline for Wynn Resorts (NASDAQ: WYNN). The recent gains in Penn stock can be largely attributed to the re-opening of the U.S. economy and the company's diversified presence across different states. However, a prolonged slump in Macau has weighed on Wynn Resorts' stock as the company generates 70% of
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