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Wynn Resorts (WYNN) Stock Sinks in After-Hours Trading Ahead of Financial Results

NEW YORK (TheStreet) -- Wynn Resorts (WYNN - Get Report) stock is falling 0.21% to $72.22 in after-hours trading on Wednesday, ahead of the company's third quarter fiscal 2015 earnings due out after the market close on Thursday.

Both the companies earnings and revenue is forecast to fall year-over-year, according to analysts.

For the latest quarter, analysts are expecting the Las Vegas-based company to earn 87 cents a share, down from $1.95 a share in the same period the year before.

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Revenue is also projected to fall to $1.03 billion from $1.37 billion in the third quarter of 2014.

There are several challenges the casino and resorts operator has been facing.

First, since the company heavily relies on China for its revenue, given that it has its casinos in Macau, JPMorgan analysts are bearish due to China's economic slowdown, Barron' reports.

Additionally, gaming volumes have been tumbling since China's implemented anti-corruption policies. As a result, economy in Macau, one of the biggest gaming hubs, have taken a hit.

However, China said earlier this month that its government may...