Most probably lose all their gambling money in the first few days. So expanding their stay from 5 days to 7 days probably only makes their travel more flexible, but I doubt they gamble much more.
Could have paid Okada back for his shares (retired that debt), bought back Elaine's shares, AND had money left over towards Boston construction. Instead, they face financial uncertainty and are at the mercy of China's policies.
Neither can afford the other. Wynn shareholders can only pray that someone will buy Wynn and Encore in Macau before they become obsolete with Wynn Palace opening in 9 months.
Who wants to be the Wynn customer stuck in Macau hotels when the action is in Wynn Palace across the bridge?
EVERYTHING on your Pumping list made real pros great shorts!
Seems like debt rose at similar rate as the amount of dividends paid imo. I remember debt being ALOT lower than $8B just a few years ago. Has any debt been paid down on Wynn and Encore Macau? It's no wonder it carries a negative bk value despite $10B+ of building construction costs.
Who's ready for $70/share?
That's just since '09.
Shareholders would be alot safer and Boston would be under construction rather than delayed imo. The downturn in Chinese revenue wouldn't be so hard to handle right now!
Said Wynn Palace would more than double profits. Could actually more than quadruple the LOSSES if the whales remain in hiding. They're usually the first to tighten their wallets when financial troubles arise.
What a scammer.
Sentiment: Strong Sell
The "political" delay seems way too orchastrated and welcomed imo. They HAVE to finish Cotai first and it has to be profitable. I doubt it will be profitable with current environment keeping the whales away. The mass gamblers don't pay for $4B casino projects.
I've ever seen you be right on anything. But you may be close on your $60 prediction. I'll gamble here at $70 if China isn't in a recession and Boston construction begins when this reaches my price target.
"PLAINVILLE, Mass. (AP) -- The start of casino gambling in Massachusetts kicked off Wednesday as the state's first slots parlor, Plainridge Park Casino, officially opened for business to a large and eager crowd of gamblers."
Wynn COULD be cleaning up the site and prepping in IF they could actually afford it right now. Face it, the millions put into cleaning it up could be recovered if they never build and decide to sell the land. The land value should be that much higher, right? So why not get a jump on this work IF they actually want people to belive they will eventually build there? And IF they actually could afford it right now? Is Wynn on the title to the land or not?
So how is FNMA still insolvent according to the bk value and gov arguments for restructuring?
Somebody has to be lying!
Some of them HAVE to be with 11% of the float shorted.
Inside owners and institutional holders make up 95% of the shares.
$90 area should be tough to break through as is was the low a few years ago during the heist of Okada's shares.
I think $70 will be the bottom when $90 fails to hold up.
The $100 "bottom" feeders will be shaken out once they are down 20%+.
China protecting their citizens from loosing too much to US casinos imo. And I also believe they can't afford Boston currently and welcome the political delays.
Only bright side I see is that Y-O-Y comps will stop being so bad because a 5-10% drop will look good after 30-40% drops for the couple quarters. but still bad for a company constructing a $4B casino in unchartered territory politically.
In the US, there's no problem allowing citizens to gamble because it's basically just another tax collected by the gov.. But in China, it seems the gov.'t is actually protecting it's citizens by limiting them form too many visits to the gambling joints and sending their money to the foreign casinos like LVS and WYNN.
I wonder if Chinese gambling regulators run a tighter ship in regards to casinos rigging their games? In the US, it seems like the state run gambling commission would be shooting itself in the foot if it cracked down on casinos rigging their games and cheating their customers. That would be less tax revenue from the casinos if they were raking in less from this "manipulation of luck"imo. I've seen some shadey things go on inside US casinos at gaming tables.