The LV Review Journal reports that a weighted average of nine gaming stocks increased in July for the second month. Wall Street analysts are upbeat about the industry and Nevada. All eyes are on Las Vegas Sands which will report next week and on Wynn. Wynn said 2nd quarter results will be announced by August 9, but there will not be a conference call for analysts to ask questions of management.
In my opinion, Steve Wynn is his own worst enemy when it comes to Wall Street. He creates an antagonistic atmosphere when he appears less than forthcoming. Contrast this approach to MGM which always has open conference calls and takes all questions regardless of their significance.
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Casino Stock Index Increases