Top Gaming Analyst: What The Future Holds For Wynn Resorts

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About: Wynn Resorts, Limited (WYNN), Includes: LVS
by: Hedgeye
Summary

As Steve Wynn steps down due to sexual misconduct allegations, Wynn Resorts is obviously heading into an uncertain future.

Wynn's departure may open up new opportunities for competitors in the gaming space, most notably Las Vegas Sands.

His resignation was necessary. There’s a lot at stake including very lucrative gaming licenses.

While embattled Wynn Resorts (WYNN) founder and CEO Steve Wynn is stepping down due to sexual misconduct allegations, his company moves into an uncertain future.

What that future might entail for investors is detailed by veteran Gaming, Lodging & Leisure sector head Todd Jordan in a clip from a recent episode of The Macro Show.

For starters, Wynn's departure may open up opportunities for other companies in the gaming space like Las Vegas Sands (LVS).

"Steve Wynn resigning was necessary," Jordan explains in the clip above. "There's a lot at stake as far as very lucrative gaming licenses and such."

Watch The Clip Above For Insight On Winners And Losers.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.