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Wynn Shares Fall on Macau Management Reshuffle

Shares of Wynn Resorts tumbled in Friday's trading session on word of the management reshuffle in Macau.

A management reshuffle caused shares of Wynn Resorts (WYNN) to tumble in Friday's session. The casino operator, a member of Real Money's Vice Squad watch list, replaced the president of Wynn's critical Macau businesses, Gamal Abdelaziz, with the resorts' President Ian Coughlan. As Real Money reported, Wynn and fellow Vice Squad member Las Vegas Sands (LVS) bring in more than half of their earnings from Macau. The region is starting to show signs of accelerating.

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