Wynn Falls After Analyst Cites Risk of Drop in VIP Bets
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Wynn Resorts Ltd. and its Macau unit led declines among casino operators with resorts in the Asian gambling hub after an analyst said reduced borrowing in China may lead to a drop in bets by high rollers.
Wynn Macau Ltd. fell 2.4 percent to close at HK$32.1 in Hong Kong trading, while its Las Vegas-based parent dropped 3.6 percent to $202.82 at the close in New York yesterday. Sands China Ltd. lost 1.2 percent, while its parent Las Vegas Sands Corp. declined 2 percent.