Register
Hello, !
Edit Profile | Logout

Wynn Resorts-The Best Game in Town!

Rating: not yet rated    Vote: Terrible (-3)Worse (-2)Bad (-1)So-so (0)Good (+1)Better (+2)Best (+3)
User name*: '    Password*:
or register if you are a new user
User name*:
First name*:
Last name*:
Password*:
E-mail*:
Retype e-mail*:
Opt-In: Yes, send me email from InvestorPlace Blogs regarding blog post notifications and voting/commenting bulletins, along with The Investor Post weekly e-letter. Please un-check this box if you would prefer not to receive email from us.
Privacy Policy
InvestorPlace Blogs is powered by Marketocracy. Marketocracy has authorized Investor Place Blogs as an official registrar for voting through Marketocracy's Investment Research Rating service. Registered members of InvestorPlace Blogs are linked with a Marketocracy account to establish voting power based on their performance of trading and posting on stocks.

I wanted to reiterate my earlier buy on Wynn Resorts. When I first recommended Wynn back in the middle of July Wynn was trading at about $90 and today is trading about $117. About a 30% gain in a month When I first recommended Wynn Mr. Ho I talked of had a monopoly for decadesinMacau,but Mr. Ho was having some family problems and then an IPO wasn't received as well as some thought it should have been. Since that time,last July, I think Mr. Ho has fallen out of favor in Macau and Wynn and now apparently MGM are moving to the front. I liked Wynn and now will recommend MGM too.
Any casino with exposure in Macau may very well be worth a look now. Vegas may have slowed but Macau is running wide open. Wynn lost a little ground last quarter in Vegas,but earnings doubled in Macau. MGM has a casino in Macau and I noticed this morning both Wynn and MGM stocks were moving up. I bought September $40 calls on MGM and they have almost doubled today.I would also look at IGT as they make most of the one-arm bandits and other hardware used in the gaming industry. Happy gaming!

Monday August 11, 2008 : 11:58 AM

Post a comment

You are logged in as . Log out


Comment Preview
Preview your comment here

You must be logged in to comment. Click here to register.