Wynn Resorts Could Still See Declines Of 15%+ With Macau Headwinds


Posted on October 23rd, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on Wynn Resorts Could Still See Declines Of 15%+ With Macau Headwinds

Wynn Resorts Could Still See Declines Of 15%+ With Macau Headwinds

My article on Wynn Resorts (WYNN) for Seeking Alpha

Macau has been a drag for casino companies recently and is expected to continue so into the start of 2015. Both Nomura Securities and Morgan Stanley (NYSE:MS) are anticipating year over year declines in Q3 earnings combined from the casino operators in Macau. In Q2 Wynn Resorts (NASDAQ:WYNN) had $961M of its revenue come from Macau operations, which represents 68% of the business. The remaining $451M in revenue came from the Las Vegas operations. The Las Vegas segment did see a 12.5% increase in revenue, but overall revenues rose 6% from the low single digit gains from Macau. On a year over year basis EPS rose $2.11 from $1.51, beating analyst estimates by $0.16…Click here to read the rest of the article.





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