Wynn Resorts (WYNN) Stock Falls After Sterne Agee Note

In a note to investors, Sterne Agee CRT analyst David Bain said, “According to our channel checks, Macau table-only gross gaming revenue is MOP3.3 billion from June 1 to June 7.” The June run rate suggests that GGR will fall 46% year over year in June to MOP14.6 billion . “Our June GGR growth forecast range of between -33% and -38% YoY remains unchanged,” Bain wrote.