Poll

3 votes (42.85%)
No votes (0%)
4 votes (57.14%)

7 members have voted

pacomartin
pacomartin
Joined: Jan 14, 2010
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October 18th, 2011 at 8:30:36 AM permalink
Wynn Resorts is the first corporation to report 3rd quarter results-scheduled for tomorrow.

Any guesses?
Scotty71
Scotty71
Joined: Mar 5, 2011
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October 19th, 2011 at 9:34:31 PM permalink
Did you see the transcript from the call...kinda funny. Saw this on Zero Hedge

WYNN RANT
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because." E.E. Cummings
Scotty71
Scotty71
Joined: Mar 5, 2011
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October 19th, 2011 at 9:48:01 PM permalink
I think WYNN will trade back into the 90's or lower. Just my opinion I have no position long or short in WYNN
when man determined to destroy himself he picked the was of shall and finding only why smashed it into because." E.E. Cummings
boymimbo
boymimbo
Joined: Nov 12, 2009
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October 19th, 2011 at 9:56:18 PM permalink
That was a beautiful rant by Steve Wynn. Almost converted me for a minute!
----- You want the truth! You can't handle the truth!
pacomartin
pacomartin
Joined: Jan 14, 2010
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October 23rd, 2011 at 5:21:56 PM permalink
Wynn Macau Third Quarter Results: a 41.7% increase overall almost entirely due to baccarat.

Wynn Las Vegas Third Quarter Results:
- Net casino revenues down 8.3% from the third quarter of 2010 based on lower win percentage on table games.
- Gross non-casino revenues an 11.1% increase from the third quarter of 2010, across all non-gaming segments.

I thought the casino at Las Vegas would at least hold steady from last year. The projections for growth in Macau are still off the hook (see presentation on Wynn website) as more high speed trains bring more visitors into the province in the next two years.

At least they are making more money on food, beverage, shows, and rooms in Vegas.

Vegas is seeming more and more like a gambling backwater compared to Macau.

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