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A big-time player in casino resorts, Wynn runs luxury operations in Las Vegas and Macau.
This pick is here only because I love Wynn and Encore so much. Definitely the best casinos on the strip, and great restaurants, albeit quite expensive.
A soft landing in China creates a calming in all of eastern Asia. This resolved certainty opens up optimism to spend more disposable income on gambling. Macau is one of the only premier locations in eastern Asia to gamble. I think you will see a secular growth trend in revenue there as long as the larger ecomies there remain stable.
The addition of another casino/hotel in Cotai will certainly add some positive spin for the Wynn hotel consortium in the long term. Certainly in the short term getting the Okada issued resolved will boost investor confidence. As it is, Okada seems to have little chance at getting his shares back.
As of August 22, 2012, I see excellent entry points into many gaming and casino industry stocks.
Wynn is a great roller coaster stock that always has the potential to move up, down, and sideways. They have great competition to drive the company to excel in its field.
The problem with gambling is that, eventually, other people run out of their money.
IT IS STILL UNDERPERFORM BECAUSE SLOWDOWN OF CHINA MARKETS.
Exposure to China and other emerging markets.
gambling is always a big business in Asia no matter what. after all Wynn pays good dividend.
Many better options in this arena
Steve Wynn! Enough said.http://www.fool.com/investing/general/2011/12/13/gamble-with-these-winners.aspx?source=iaasitlnk0000003
Good management and people love quality entertainment.
I feel that Steve Wynn with his expertise as well as the appetite for gambling and entertainmet (along wtih LVS)...will get back to 140+...along wth Machu and a resurgance in Las Vegas..esp. if the Republicans win the next election
I could be totally off base on this -- the stock's one-star rating suggests I am. But I'm a sucker for a 10x FCF ratio, and I think Wynn's a buy.
This feverish pitch of ever record setting revenues coming from Macau will come to an end sooner rather than later. There is no way that Macau and China is going to continue their hot growth without some sort of issues. In fact, there are signs everywhere from the credit squeeze in Wenzhou to the plummeting stock market. Sooner, rather than later is this going to manifest in these wealthy high rollers who are probably living the high life on shadow banking loans.
Las Vegas always hurts when the economy is weak.
With the good news about the casino in Macau, Wynn will likely outperform for a while.
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