Wynn Resorts Trading Volume Drops 41.61% to $208 Million, Ranks 441st in Daily Volume

On March 24, 2025, Wynn Resorts (WYNN) saw a trading volume of $208 million, marking a 41.61% decrease from the previous day. This placed Wynn Resorts at the 441st position in terms of trading volume for the day. The stock price of Wynn Resorts increased by 2.71%.

In a significant legal development, the U.S. Supreme Court declined to review an appeal by Steve Wynn, the former CEO of Wynn Resorts. This decision upholds the longstanding defamation standard set in New York Times v. Sullivan, which requires proof of "actual malice" to hold public figures accountable for defamatory statements. Wynn had challenged a Nevada court ruling that dismissed his lawsuit against the Associated Press over allegations of sexual assault, arguing for a reconsideration of the "actual malice" standard. The Supreme Court's refusal to hear the case reinforces the robust protections afforded to the press under the First Amendment, despite calls from some quarters to relax these standards. This ruling is expected to deter future challenges to established defamation protections and solidify judicial support for broad press freedoms.

Wynn's legal battle highlights ongoing debates over media accountability and the balance between free speech and accountability. The decision may have implications for public figures seeking recourse against defamatory reporting, as the current standard is seen as high and potentially outdated in the digital media landscape. Critics argue that the standard favors media outlets at the expense of fairness and accountability, potentially leaving public figures vulnerable to false accusations. However, the ruling is also seen as a reaffirmation of judicial conservatism that protects free speech, even as political figures attempt to reshape media accountability rules. The Supreme Court's stance is viewed as a bulwark against efforts to weaken defamation protections in an era of increasing misinformation and media scrutiny.