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How Will Wynn Resorts (WYNN) Stock React to Wynn Palace Opening?

NEW YORK (TheStreet) -- Casino operator Wynn Resorts (WYNN) plans to open its newest Macau resort, the $4.2 billion Wynn Palace, on Monday.

CEO Steve Wynn neglected to say how long it will take to break even on his investment at an event in Macau today, Reuters reports.

"In every business there are good years and bad years. For our return on investment I expect we will be fine," he stated. "What we are seeing now is a more normalized kind of market."

Nomura analyst Richard Huang believes that...


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