Wynn Resorts (NASDAQ:WYNN) met analyst estimates with its third quarter earnings report after the bell yesterday. CEO Steve Wynn is calling a bottom on the Las Vegas tourism industry, saying he doesn’t know when it will get better, but it won’t get any worse.
Wynn is the #2 holding in the Gaming ETF (AMEX:BJK). Wynn comprises 8.29% of the fund, while Las Vegas Sands (NYSE:LVS), the #1 holding, is 15.14% of the portfolio.
Wynn is also the #2 holding in the Dynamic Leisure and Entertainment Portfolio (AMEX:PEJ), at 5.74% of the fund.
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