Analysts assess Wynn stake, MGM markets and proposed sports betting tax rises
Analysts discussed ownership questions at Wynn Resorts following Elaine Wynn’s death and reported comments by MGM Resorts chief executive Bill Hornbuckle on market conditions and development plans. A separate note said Ohio removed a proposed online sports betting tax increase from its amended budget, while a North Carolina proposal to raise the rate from 18% to 36% had passed the Senate; House support was described as uncertain.
The reported tax proposals and company market plans could affect operators’ costs and investment decisions if implemented.