Wynn Resorts stock may not recover for a very long time because of the Chinese government crackdown in Macau.
About 75% of Wynn Resorts profit came from the three Wynn casinos in Macau.
The casinos cannot extend credit to their customers and the junket operators who used to extend credit, handle billing, lease space to run games in casinos. They are all out of business.
I think Macau is still in some sort of state of lockdown because of covid.
Still the $4 Billion Wynn Palace looks incredible.
Maybe someday we can travel and gamble there.
https://upload.wikimedia.org/wikiped...Macau_2016.jpg