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>Macau peer shares are higher largely due to bullish resolutions of long term uncertainties about re-licensing which have now been favorably resolved.</li>
<li>Some easing of Hong Kong hotel duration quarantines in general and specific to Wynn, the promotion of Ms. Linda Chen to Presidency will resonate favorably in Beijing.</li>
<li>Wynn's two Macau properties well positioned to recapture leading share of premium mass customer segment. Not reflected in go forward share price.</li>
</ul>


Macau peer shares are higher largely due to bullish resolutions of long term uncertainties about re-licensing which have now been favorably resolved.
Some easing of Hong Kong hotel duration quarantines in general and specific to Wynn, the promotion of Ms. Linda Chen to Presidency will resonate favorably in Beijing.
Wynn's two Macau properties well positioned to recapture leading share of premium mass customer segment. Not reflected in go forward share price.


Wynn Macau Ltd: Trading Below Many Peers Which Are Moving up Facing the Same Headwinds