Wynn Resorts Ltd. (NDAQ:WYNN) announced today that it would be issuing a $6.00 per share cash dividend for all shareholders of its common stock. The distribution will be payable December 10th for shareholders on record November 30th and will begin to trade ex-dividend on November 28th. Shares moved up over 6 percent on the news after a substantial drop yesterday.

The news comes amid a mass exodus from the casino stocks. Barrons came out yesterday saying that early profits from Macau were strong, but forecasts for this to continue fail to consider the impact of over-building and maturation. Since entering Macau, Wynn has surged more than 140 percent and it is going to slow down. They believe that investors are in for a surprise when they see margins being pressured.

Some analysts disagree, however, saying that forecasts are on-track for a total market size of over $15 billion by the end of 2010. However, one wildcard acknowledged by both parties is the risk of the Chinese government intervening with new rules and regulations that could curb growth. Combined, these factors make WYNN a stock worth watching!

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