Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the Peoples Republic of China. As of February 12, 2016, its Macau resorts feature had approximately 284,000 square feet of casino space, which offered 24-hour gaming and a range of games with 458 table games and 708 slot machines, private gaming salons, sky casinos, and a poker; 2 luxury hotel towers with a total of 1,008 guest rooms and suites; casual and fine dining in 8 restaurants..
This could have been posted in LVS MPEL or MGM but I picked WYNN because they dropped the most in the last Hong Kong trading session from this article (-4.4%). I have mentioned a few times in other threads that there is a 87.50 gap that could be filled. Current Price: 93.40 Macau Rally Is Ending, Hotel Price War Already Started, Warns Deutsche http://blogs.barrons.com/asiastocks...ted-warns-deutsche/?mod=yahoobarrons&ru=yahoo
Down to the bottom of the current channel here to $90, but if this support holds, I may be interested in trying to catch a move to $100. Anything on the Panama Papers with WYNN yet? Its probably in there.
Wynn Resorts Pre-announces A Solid Macau Beat http://blogs.barrons.com/asiastocks...a-solid-macau-beat/?mod=yahoobarrons&ru=yahoo
WYNN closed at 11.54% in Hong Kong today. Hit a low of 6.84 when last selloff took place. currently the dividend pay for tat stock in Hong Kong is quite high
That 87.50 gap got filled and then some to a low of 85.72 before recovering to 89.55. In a twist WYNN Macau is up significantly in a flat Hong Kong market tonight.
That is because of the yield and dividend ratio making Wynn cheap. The price is cheap according to yield and dividends being paid. I can not believe I did not load up on this stock in Hong Kong at $7 HKD a share. That was a no brainer
Casino mogul Steve Wynn says nobody wants to be around poor people (really) http://www.marketwatch.com/story/ca...e-around-poor-people-2016-04-08?siteid=yhoof2 Wynn forecast for Cotai project very bullish: Nomura Japanese brokerage Nomura says Wynn Macau Ltd’s expectations for its upcoming Cotai project seem “very bullish”. The brokerage stated in a note on Thursday it was sceptical on the pace of ramp-up forecast by the casino operator for the scheme More http://www.ggrasia.com/wynn-forecast-for-cotai-project-very-bullish-nomura/
Wynn Stock Slides as Deutsche Bank Cuts to 'Hold' http://www.thestreet.com/story/1352...bank-cuts-to-hold.html?puc=yahoo&cm_ven=YAHOO
Steve needs to buy more shares as WYNN is down after being up over 3% Wynn Resorts (WYNN) CEO Steven Wynn bought nearly 73,000 shares of his casino company, boosting his holdings to more than 12 million shares worth about $1.194 billion. In December, Wynn disclosed the purchase of more than 1 million shares for about $63.8 million. More http://www.investors.com/news/steve...u-recovery/?ven=YahooCP&src=AURLLED&ven=yahoo
Wynn Resorts Tops Profit Forecasts, Macau Decline Less Than Expected http://www.thestreet.com/video/1356...s-than-expected.html?puc=yahoov&cm_ven=YAHOOV
Earnings Estimates Moving Higher for Wynn Resorts (WYNN): Time to Buy? http://finance.yahoo.com/news/earnings-estimates-moving-higher-wynn-123512627.html
Looks like WYNN got a little overbought and gaming is starting to pull back. That 87.50 gap play it dropped below looks pretty good now
Not to mention Brexit Wynn Resorts (WYNN) Stock Lower After Delaying Wynn Palace Opening https://www.thestreet.com/story/136...nn-palace-opening.html?puc=yahoo&cm_ven=YAHOO
street.com NEW YORK (TheStreet) -- Shares of Wynn Resorts (WYNN) are retreating 4.66% to $87.99 in mid-afternoon trading on Monday after announcing another delay to opening its Wynn Palace casino resort in Macau. The Las Vegas-based casino operator now expects to open the resort on August 22. Last year, the company pushed back its anticipated opening date to June from March. Macau gambling revenue has been declining as an anticorruption campaign in China has driven away VIP gamblers that generate most of the industry's revenue. Wynn Palace was planned when Macau's casinos were thriving but the project is now seen as weighing on the likelihood of a recovery in the area, the Wall Street Journal reports.
