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Reuters interview with Wynn followed by drop in Wynn Resorts shares 12.17.2008 Shares of Wynn Resorts fell more than 10 percent over two days after casino magnate Steve Wynn told Reuters in a Dec. 17 exclusive interview that he planned to cut room rates at Wynn Resorts` two Las Vegas casino-hotels to fill rooms and forestall layoffs. Wynn told Reuters he expected the decision to cut into short-term profit. The comments were picked up in notes produced by analysts, some of whom lowered estimates for the stock, and industry blogs Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Reuters interview with Wynn followed by drop in Wynn Resorts shares

12.17.2008

Shares of Wynn Resorts fell more than 10 percent over two days after casino magnate Steve Wynn told Reuters in a Dec. 17 exclusive interview that he planned to cut room rates at Wynn Resorts` two Las Vegas casino-hotels to fill rooms and forestall layoffs. Wynn told Reuters he expected the decision to cut into short-term profit. The comments were picked up in notes produced by analysts, some of whom lowered estimates for the stock, and industry blogs

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