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Wynn Resorts Is a Tale of 2 Cities

TheMotleyFool

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The gambling business is booming in the U.S., with a record $53 billion in revenue for casinos across the country in 2021 and $7.1 billion on the Las Vegas Strip. COVID-19 led to a tough start to the year, but by summer, records were being busted across the country.

Macao has been a different story, with major restrictions on travel and social activities still ongoing. Gaming revenue was down 70% between 2019 to 2021 and still doesn't show signs of recovering to previous levels.

The trends are evident in Wynn Resorts' (NASDAQ: WYNN) recent earnings and show both the challenges and opportunities for this casino stock.

Source Fool.com

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