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Casino News: Wynn Upgraded, Melco Up on Listing News
Friday, October 7, 11:01 AM ET

Wynn Resorts (NASDAQ:WYNN) shares are getting a boost today after Credit Suisse (NYSE:CS) upgraded the casino operator's stock.

The firm hiked Wynn's rating from neutral to outperform based on valuation.

Also today, Melco Crown Entertainment (NASDAQ:MPEL) shares are getting a big boost on reports that it is considering a Hong Kong stock listing without issues any new shares.

The company would list its shares 'by introduction,' in which existing shares are transferred and listed on the exchange.

The decision not to tap the equity markets for a listing is said to stem from weak market conditions.

For MarketNewsvideo.com, I'm Tracey Fitzpatrick.

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