Wynn Resorts Ltd. has reported doubling its profits in the second quarter of 2010 over the same period last year, echoing positive results stated yesterday by Sands China and Melco Crown. The good news is largely down to the fact that Wynn opened Encore Macau, its second casino property in the Asian money factory, in April of this year. Double the casinos, double the profits… Does this mean shareholders can expect triple the profits when its Cotai resort eventually opens to the public? You’re setting a dangerous precedent here, Steve… Read more.
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