Wynn Resorts Reports Friday Amidst Intense Casino Industry Pressure

The casino industry is facing a perfect storm of unfavorable conditions : global recession, increased competition, and decreased business travel. Wynn Resorts (WYNN) reports earnings on Friday, and after missing expectations on Q4 by over 80%, this Friday could represent a troubling day for casino operator.

WYNN has a relatively high short base (as measured by Percent Shares Outstanding on Loan) at 14.42%. This is down 2.5 million shares after hitting a three month high of 16.65% on April 9th. What might be of concern to short traders is that Data Explorers Utilization (a measure of supply and demand of the amount to borrow) shows that it is a crowded position with 80.49% of the available inventory being used.

The Short base of WYNN is well above that of Las Vegas Sands (11.97%), MGM (6.72) Melco (0.71%) and Century Casinos (1.04%). However, these all have a relatively high level of Utilization.

Download the full report (.pdf) by clicking here.

Comments

[Econ 101:]

Maybe, but the scumbag, Barney Frank will pass legislation to legalize internet gameing this year so the $5 BILLION in gaming can be taxed. That will push gameing revenues thru the roof. It is just another way to suck money out of the population.

Help shine a light onto the cockroaches and watch them scatter!

Support HR 1207, an Audit of the Federal Reserve

Find your congressperson:
www.house.gov/house/Me...

Why does BHO look like Bush Lite?
www.oftwominds.com/blo...

May 01 11:36 AM

[intrepid_ywg:]

Maybe, but the scumbag, Barney Frank will pass legislation to legalize internet gameing this year so the $5 BILLION in gaming can be taxed

Is this an investment site or a political site.
when you bring in comments like the above
just shows your immaturity.

May 01 02:56 PM

[Econ 101:]

It effects investment in the gaming industry (MGM, BYD,IGT, etc.) when a huge change happens. Make no mistke legalizing internet gameing will make a huge difference in the way gaming occurs. Indian gaming interests and state lotteries will suffer and Las Vegas will boost profits. Especially during the depression.

Sorry that you find my characterzation of BF incompatable with this site. He has had a huge impact on investment and the sucking of wealth from American. He and other "leaders" of the congress have contributed to the wealth destruction of many Americans because they took bribes, called campaign contributions, from AIG, GS, FNM, FRE, BAC, C and others. Over the past few months they have engineered the greatest theft of wealth in the history.

They should be indicted, arrested, tried, convicted and executed for the crimes they have and are foisting upon the American people. They wont because they control the laws and the shepoles wont vote them out.

Or maybe cant vote them out...you should check out this site concerning election fraud: www.truvote.com/

May 01 04:10 PM