Wynn Resorts, Limited (WYNN)
A developer, owner and operator of destination casino resorts.
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Analyst upgrade today. Successful Macau IPO. Casino stocks are bound to go up as the economy slowly recovers.
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Las Vegas will die a slow death. Every state wants gambling revenue, so will broke Americans drive / fly all the way to Vegas or drive 20 minutes to the Indian or River Boat Casino to lose their money? Would you want to retire in 100+ degree heat? Eventually, water, electric and food will become pricey as oil is not coming down and Las Vegas is in the middle of a NO WHERE DESERT, no water, no food near by and increased transportation costs.
Guess what? P/E at 84? Cash out your chips and get out.
Sheryl Crow was right:
"I'm leaving Las Vegas
And I won't be back
No I won't be back
Not this time"
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With the opening of Encore in 2009 and the transformation of the golf course to a "spectacular" man made lake, Wynn will continue to bring in money over the years. With it's exceptional quality in both Las Vegas and Macau resorts, Wynn has established themselves to be one of the most prominent resorts in the world. With the type of quality they are giving the money will be there in the return.
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Chinese like to Gamble...he is building here
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Great upcoming play on China with opening Macau Casino...
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Time to go long on a company I secretly love. It helps that it's got lots of bad stuff priced in already.
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Who better to trust than Steve Wynn when it comes to the saying "If you build it they will come."
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After the last blowout quarter, growth projections have increased from 35% to 47% per annum over the next five years. The valuation is still fair; this is one to hold over the next five years.
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What a great hotel
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While I'm betting against MGM, I'm going positive with WYNN. I think their growth prospects are better, and the PE ratio doesn't look too bad. Yes, in a manner, I'm hedging, but in favor of some basic numbers. We'll see..
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Now they are expanding to China - the new frontier for gambling as China's middle class grows. An excellent growth opportunity!
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GREAT WETBARS
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spec bear
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Over the long-term, I expect this stock to profit from the growing popularity of casino gaming in the US and abroad. In the short term, however, I'm calling for a correction.
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Better balance sheet than its peers, top qualty product and better management.
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Wynn is great operator with controlled growth.Consider the potential Vegas growth. The golf course at Wynn Las Vegas sits on 150 acres which based on the Frontier (formerly across the street) selling at $40,000,000 PER ACRE, just the land value is worth upto 6 BILLION. Add the current Wynn casino, plus,ENCORE, plus Macau, plus possible Cotai and the upside for this stock is at least a double.
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Wynn Las vegas margins improving; expansion underway; strong revpar @ hotel.
Macau opening 9/06
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gaming will survive, and this company is better positioned from a balance sheet perspective than most competitors
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huge cash base gaining some great interest. was somewhat beat down because of participation in Macau. Personally I think that's a great reason to celebrate. not pricy even at the hundred dollar levels, great growth opportunities and levered to the high end of the casino sector. a nice niche because of it and stephen wynn is underrated as a ceo in my opinion. great company.

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