Tag Archives: Wynn
- After Golden Week, Las Vegas Sands still the best long term Macau pick
October 17, 2017
After Super Golden Week optimism late last month, the mood has soured. Apparently, the record revenues that the casinos were expecting didn’t materialize. Every outlet seems to be reporting a different reason for this and the whole picture seems very confused. We have the Power Macau Gaming Association claiming that...
- A Buying Opportunity may Form Soon in Macau Stocks
June 30, 2015
We’re not there yet, but we’re getting there. A bottom in Macau could come in the next few months. We can take follow the broader Chinese indexes for clues. Once China bottoms, Macau will probably bottom with it, if not on the same day, then probably very close together. If...
- Melco Keeps the Prize of Relatively Safe By Comparison
June 16, 2015
Those who read this column know I have a tendency to paranoia on a bearish tilt. Still, when I see a good company I point it out. I’ve always had a soft spot for Melco Crown (MPEL), and though I don’t think it is a particularly good buy right now,...
- Don’t Trust the Rumors of an MGM Wynn Merger
June 9, 2015
“A lot of times when I was positioned short, meaning I needed [the market] down, I would create a level of activity beforehand that could drive the futures. It doesn’t take much money. Or if I were long and I wanted to make things a little bit rosy, I would...
- Brean Isn’t Doing So Well After Its Bullish Macau Call
May 12, 2015
The decline is relentless. It was in late March that Brean Capital put its reputation on the line and made a bullish call on Macau stocks. It had a $174 target on Wynn from $132. Wynn is now at $114, nearly cut in half from its highs. It called for...
- Wynn 3Q Financial Results
October 29, 2014
Wynn Resorts Ltd. third quarter performance saw the Las Vegas-based casino company’s revenue drop 1.4% on the back of a turbulent three months in Macau. From July to September 2014, Wynn reported a revenue of $1.37 billion from $1.39 billion in the third quarter of 2013. The slight drop in...
No, Las Vegas Sands is not buying Wynn Resorts
March 17, 2017
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017