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Tuesday, Oct 23
2012, 2:28 PM
Cantor Fitzgerald sees an earnings beat for Wynn Resorts (WYNN -1.4%) when it reports Q3...
Cantor Fitzgerald sees an earnings beat for Wynn Resorts (WYNN -1.4%) when it reports Q3 earnings. The firm cites positive room rate data and a good take from the baccarat tables. More than any other casino game, the hold rate for Baccarat can swing wildly (or even go negative) for the house as big bettors lay out hundreds of thousands of dollars at a time. Though it's only anecdotal, recent comments made by Steve Wynn seem to tip toward a guy running a company on the profitable side of the baccarat ledger for the quarter.