Wynn Resorts (WYNN) stock price increased by 8.8% due to rise in Macau gaming revenue

Wynn Resorts Ltd. (NASDAQ:WYNN) saw an 8.85% surge in share prices, closing at $101.96 as Macau gaming revenues spiked. The Gaming Inspection Bureau reported a 19% increase in gross gaming revenues in June, attributing part of the rise to Jacky Cheung’s concerts, with daily averages reaching 685 million patacas.

The positive news extended to MGM Resorts International (NYSE:MGM) and Las Vegas Sands (NYSE:LVS) as investors anticipated improved second-quarter financial performances. However, some believe that AI stocks offer greater returns and less downside risk compared to WYNN.

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Read more at Yahoo Finance: Wynn Resorts (WYNN) Surges 8.8% on Macau Gaming Revenue Jump