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Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN) |
CanadianDaniel
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 Posted: Tue Sep 05, 2006 3:08 am Post subject: Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN) |
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Because of the rich potential of Macau as the world's foremost gambling destination, investors in Macau's first Vegas-style casino Sands are not stressing about this September's launch of the competitive Wynn Resorts casino. To the contrary, most analysts think that heavy demand for Macau gambling will spill over and benefit Sands and local Macao casinos.
Wynn is launching a 600-room hotel. However, many Macau high-rollers fly in and out for time-limited visits and in any event do not restrict themselves to one casino when other exciting gambling entertainment, dining and shopping experiences are available.
Sands Macao, the first western-operated casino in Asia, has completed the expansion of its casino floor. The total casino area now measures over 229,000 square feet, and the 740 tables now on the casino floor position the Sands Macao as the largest casino in the world. The expansion allows the Sands Macao to accommodate an additional 273 gaming tables -- a 58% increase -- and 365 slot machines. The total area of casino space now houses an unprecedented 740 table games and 1,254 slot machines -- all designed specifically for the Asian market.
Sands' stock (LVS on NYSE) is currently $69, 16% off its 52-week high of $79.80. On the other hand, Wynn (WYNN on Nasdaq) is $77, 4% off its high of $80.19. Given the spill-over demand that Wynn will create for Sands on Macau, Sands appears to me to be a superior investment.
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Macau Big Winners: Sands (LVS) vs. Wynn Resorts (WYNN) Replies |
rffrydr
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rffrydr
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| Posted: Wed Feb 13, 2008 3:00 pm Post subject: |
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Some more tumbling:
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Like Fuller, KeyBanc Capital Markets' Dennis Forst said Wynn may face a double barrel of issues with pressures on Las Vegas and Macau.
"While we are thoroughly impressed with 2007 results, we remain wary of the domestic economic environment and issues regarding governmental restrictions and competition in Macau," he wrote in a note.
Forst reiterated a "Hold" rating. |
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080213&id=8186825
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HenryTo
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rffrydr
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rffrydr
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HenryTo
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rffrydr
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| Posted: Fri Sep 07, 2007 5:11 am Post subject: |
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Wynn's Macao tables more turnover than total Wynn Las Vegas hotel.
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HenryTo
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