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.
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A big-time player in casino resorts, Wynn runs luxury operations in Las Vegas and Macau.
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A lot of people have opined about Macau. And everytime I hear the word - macau.... all I hear is how big of a gambling heaven it is and how asians love to gamble and that and this ... blablabla...
I don't know about you, but most of my asian friends around me live a normal life. They rarely go to casinos. According to the preachers of Macau, it is in the blood of asians to gamble. But, I don't see my friends, friends of friends playing.... Just a personal opinion .... Way OVER RATED.
Not a big fan of casinos.
With all the respect, I tend to disagree with you completely. I live in Las Vegas, and work for 5 of the largest casinos in the world (competitors of Wynn Resorts). Over 50% of our high-roller list is from Asia (not just Asian descent), and on average, you might see more Asians than any other race on the floor and behind the slots machines.
Yes you are correct......Asians gamble... but I don't think Macau is going to give these Macau preaching analysts what they need..... I was just trying too hard to over emphasize the fact that macau capabilities are tooted over the roof, whenever an analyst talks about this sector. I think it is a done game. Market doesn't care about any known fact irrespective of the sector. All market wants are surprises, and I think over the next 5 years that will be by missing analyst expectations over Macau. The BAR is set too high already by a number of analysts.