Wynn Resorts Craters After Huge Macau Gambling Revenue Miss

Shares of Wynn Resorts tumbled on Tuesday making it TheStreet's Move of the Day. The company known for operating casino resorts took a hit when Macau's Gaming Inspection and Coordination Bureau reported that May revenue grew 9.3%, which easily missed the 14.5% average expectation among analysts surveyed by Bloomberg Data. Wynn Resorts, which has Macau and Las Vegas business segments, along with other casino companies may be earning softer-than-anticipated revenues for the current quarter, leading investors to punish shares across most companies traded in the sector. TheStreet's Joe Deaux reports.