Wynn Resorts Is Gaining Ground in Macau

Macau has been a rising tide that's lifted all gaming companies, but this quarter, Las Vegas Sands and Wynn Resorts have been two big beneficiaries. It's not surprising that Las Vegas Sands has gained share with a prime location on Cotai and Sands Cotai Central now clicking on all cylinders, but Wynn's performance is surprising. 

Wynn grew faster than Macau in both the mass and VIP markets, which is surprising considering the fact that it's relegated to the Macau Peninsula, Macau's old gaming area. 

Mike Klesta sat down with Fool contributor Travis Hoium to see what we should take away from Wynn and Las Vegas Sands' results and how it will impact neighbors Melco Crown and MGM Resorts

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The article Wynn Resorts Is Gaining Ground in Macau originally appeared on Fool.com.

Mike Klesta has no position in any stocks mentioned. Travis Hoium manages an account that owns shares of Wynn Resorts, Limited. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Wynn and MGM both have 600 rooms in Old Macau. LVS has 10,000 rooms, most of which are on the very hot Cotai strip. It's hard to see Wynn and MGM doing better than LVS and Melco (also two new casinos on Cotai) in the mass market until their Cotai casinos open in 2016.

February 07 2014 at 11:01 AM Report abuse rate up rate down Reply