Wynn Resorts, Limited (NASDAQ:WYNN)
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A big-time player in casino resorts, Wynn runs luxury operations in Las Vegas and Macau.
A big-time player in casino resorts, Wynn runs luxury operations in Las Vegas and Macau.
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I recently went to Las Vegas, and spent time in the Wynn. Even with the giant casino, the $400 rooms, the 10% commision on sports betting, and the $12 Gin & tonics I drank, I don't imagine they're paying off that colossal building full of lights any time soon.
They've got too much debt, short-term expansion is grim, and there are too few people throwing away their money (although house advantage in Vegas is probably better odds than Wall Street these days).