Wynn Potential Online Gambling Growth

Trefis – Wynn Resorts (NASDAQ:WYNN) recently applied for an online gambling license in the state of New Jersey, which legalized online gambling in February this year. [1] Online gambling accounts for only 3.3% of overall gambling profits in the U.S. and can offer tremendous growth for the operators in the coming years. In the recent quarterly earnings, the company saw muted growth in Macau while its domestic operations surged 16%, including some signs of recovery on the Las Vegas Strip. (Read – Wynn Q2 2013 Numbers Disappoint As Growth In Macau Stalls) While we continue to believe in the Macau…