VIPs Drive Growth at Wynn Resorts

VIPs Drive Growth at Wynn Resorts

The growth engine is in high gear at Wynn Resorts (NASDAQ: WYNN), and financial results are starting to show fruit after years of construction. Macau, once again, drove the company's growth and continues to be the cash cow for gaming companies. 

But Wynn's stock fell as much as 8% in trading last Wednesday following the company's most recent quarterly report because investors were concerned about its reliance on VIP players. And there are pluses and minuses to Wynn's high end strategy in the gaming industry. 

Rendering of the now open Wynn Palace. Image source: Wynn Resorts.

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Source: Fool.com