Is Wynn Resorts Stock A Better Bet Over Draft Kings?
Wynn Resorts’ Macau, Vegas, and Boston properties contribute 70%, 25%, and 5% of total revenues, respectively. Before the pandemic, the company’s Macau properties were observing strong growth assisted by tourist numbers and mass-market gaming wagers. With property closures impacting finances, Wynn Resorts launched the WynnBet sports betting application to enter the digital gaming industry.