Wynn Palace Mega-Resort Is Paying Off for Wynn Resorts

Wynn Resorts' (NASDAQ: WYNN) growth phase continued in the third quarter, driven by improving performance at Wynn Palace in Macau. The $4.4 billion property is finally starting to pay off the way Steve Wynn hoped, despite construction surrounding the property.

On top of the properties already opened, Wynn is plotting its next phase of growth, this time in Las Vegas. Just after the new year, the company will break ground on a new hotel tower, convention center, and entertainment complex. We may be entering a major growth phase for Wynn Resorts.

Image source: Wynn Resorts.

Source: Fool.com