| Prev Close | 23.49 |
| Open | 23.38 |
| Day Low/High | 23.38 / 23.71 |
| 52 Wk Low/High | 14.88 / 24.51 |
| Volume | 1.45M |
| Avg Volume | 4.07M |
| Exchange | NASDAQ |
| Shares Outstanding | 487.84M |
| Market Cap | 9.25B |
| EPS | 0.30 |
| P/E Ratio | 54.20 |
| Div & Yield | 0.15 (0.80%) |
UBS upped its gross gaming revenue estimates for Macau.
Gambling revenue in Macau rose 18% to $2.6 billion.
This laggard could make up lost ground and outperform its peers.
While Macau revenue gained 3.1% last month it was lower than the consensus growth of 8.5%.
Investors should expect a bumpy road to recovery for 'Asia's Las Vegas.'
Wynn is expected to report lower earnings this year than it did in the year ago period, though revenue is expected to rise.
Las Vegas Sands reported fourth-quarter earnings of 62 cents per share, missing expectations by 4 cents.
Las Vegas Sands (LVS) is expected to report fourth quarter earnings of $0.65 per share, slightly ahead of the $0.62 it reported a year ago.
Wynn Resorts (WYNN) is in position to benefit the most from Macau's recovery.
Macau reported a 7% year-over-year increase in December visits to its casinos.
December visits to Macau casinos rose 7% to nearly 3 million, and increased overall for the year.
Nomura expects Macau gross gaming revenue to rise 9% in January, ahead of its original 6% estimates.
Completing Management Reorganization
MGM is currently trading at less than 10 times future earnings while competitors are trading at an average of 13.5 times.
Crown Resorts cut its stake in Melco Crown for the second time this year
Crown Limited is selling a 13.4% stake in Melco Crown, lowering its investment in the company to 14%.
Melco Crown Entertainment CEO Lawrence Ho addresses Crown Resorts' departure from Macau.
