Wynn Resorts, Limited (NASDAQ:WYNN)
A big-time player in casino resorts, Wynn runs luxury operations in Las Vegas and Macau.
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I feel that with the opening of their Macau resort, WYNN will report hefty revs. in Q3 even though that only represents about 4 weeks with the "cash cow" Macau Resort.
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LVS and WYNN will make tons of loot from their holdings in Macau. Numbers/Luck and Chance are big concepts in China's culture... as China's economy grows Macau will be a major winner.
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Binion heading up int'l operations, new 1.2 bil. casino opening in Macau, Monte Carlo of Asia, no US competion.
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AS ECONOMIES GO DOWN, Gambling goes up.
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Wynn Las vegas margins improving; expansion underway; strong revpar @ hotel.
Macau opening 9/06
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Vegas baby...Growth is slowing down so is WYNN for the short run but the moneys rolling in and WYNN it is but not NOW.
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Beautiful casino with the highest mins I have ever seen. The house always wins so high mins multiply Wynn's take. $400 a night rooms on the weekdays can't hurt profits either. Macau will attract mega whales.
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