Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Casino Business Review LLC

Equity Bottom-Up

<ul>
<li>Parent Wynn Resorts Ltd's. REIT deal for its Boston property,  proceeds of US$1.7b rings its balance sheet cash to US$4.4b.</li>
<li>3Q22 results earnings miss entirely due to China zero covid policy that could begin to ease earlier than anticipated by the market.</li>
<li>At a P/E (ttm) of 8.44 the stock is yet to reflect a more positive tone  of its strengthened balance sheet, 6.1% stake in the parent bought by an activist.</li>
</ul>


Parent Wynn Resorts Ltd's. REIT deal for its Boston property,  proceeds of US$1.7b rings its balance sheet cash to US$4.4b.
3Q22 results earnings miss entirely due to China zero covid policy that could begin to ease earlier than anticipated by the market.
At a P/E (ttm) of 8.44 the stock is yet to reflect a more positive tone  of its strengthened balance sheet, 6.1% stake in the parent bought by an activist.


Asia Gaming: Wynn Macau Poised to Move up as Balance Sheet Is Bolstered and Headwinds Begin to Ease

Wynn Macau Ltd

Asia Gaming: Wynn Macau Poised to Move up as Balance Sheet Is Bolstered and Headwinds Begin to Ease