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Casinos & Gaming

Wynn share loss wipes out $2.2 billion in stock market value

Wynn Resorts Ltd. ended Wednesday worth billions less than its value at breakfast. Shares in the gaming giant fell by $21.71, or 16.6 percent, on volume of about 15.7 million shares — nearly eight times average volume. Based on the 101.52 million outstanding shares reported by Google Finance, the loss wiped out about $2.2 billion in market capitalization.

Michonne Ascuaga appointed to Nevada Gaming Commission

A member of a prominent Northern Nevada casino industry family has been appointed to the Nevada Gaming Commission. Michonne Ascuaga, a former CEO of John Ascuaga’s Nugget in Sparks, was named to the position by Gov. Brian Sandoval Monday, replacing Joe Brown, who on Thursday announced his resignation from the board for personal reasons.