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casino 2021In our last note, we argued that retail investors’ appetite to buy the dip was waning.Month-to-date, shares of LVS are off nine percent.Specific to Wynn, Kynikos Associates founder Jim Chanos said earlier this week his firm is short that stock, and that despite recent declines, Wynn isn’t cheap.It was the only company to apply for the license, and it secured a partnership with Hard Rock to operate the casino.In the wake of the regulatory headlines, multiple banks lowered ratings and price targets on all six Macau concessionaires.However, as the state moved forward to find a new partner, a new twist developed that could again cause a delay in the project.black bear casino otter creek event center

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