Wynn Resorts

WYNN

Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn, and is now run by CEO Matthew Maddox. As of 2020, the company has developed six properties. Most notably, its flagship Wynn Las Vegas and Encore Las Vegas have each earned Five-Star status on the 2020 Forbes Travel Guide (FTG) Star Rating list and are now the largest and second largest FTG Five-Star resorts in the world, respectively. Wynn Palace, originally earning FTG Five-Star status in 2018, is the third largest.

Wynn Resorts has been a target of short sellers for a while. The current short interest of 8.76% is slightly above the average of the last 12 months (6.59%).