Wynn Resorts, Limited beats by $0.54, beats on revenue


Wynn Resorts, Limited (WYNN): EPS of $2.27 beats by $0.54.

Revenue of $1.52B (+17.8% Y/Y) beats by $80M.

Shares +2.7%.

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Comments (2)
  • Trader's Profit Compass
    , contributor
    Comments (2071) | Send Message
     
    WOW
    30 Jan 2014, 04:17 PM Reply Like
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
     
    Great jobs by the teams at both LVS and Wynn. LVS reported higher revs in both Macau and LV, but was down 8% yoy in Sigapore...a major disappointment. Blame the government there. Wynn trades higher than LVS because they have a larger dividend and fewer shares outstanding. LVS is however raising it's dividend and buying back shares.

     

    Melco reports Fed 5. It is a pure Macau play. It has the very best location on the Cotai Strip, a second casino on Cotai and several smaller casinos. Going forward, Melco has great potential. It is building in Manila and building in Sri Lanka off the coast of India. India is every bit as large as China and it is a true democracy. The Indians gamble just as heavy as the Chinese.

     

    MGM has yet to report. It is still losing money at City Center, still has a load of debt and only owns 51% of it's Macau property. Why this stock is trading at $24 is a mystery.

     

    Even more of a Mystery is Caesars at $21. Except for Caesars Palace, it's other properties are nothing special, they have nothing going for them in Macau or in Asia and they have $25 billion in debt...that's more than their collection of casinos are collectively worth
    30 Jan 2014, 07:55 PM Reply Like
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