Wynn Resorts Limited (WYNN) and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they’ve designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.
It would be a major mistake to only think of Wynn as a Las Vegas property and a main target of Prez Obama’s Nevada hit list. Fully 60% of their revenue comes from their properties in Macau and the newly rich and super rich of the Asian realm are flocking there in major numbers. The revenue at the Macau property doubled year over year and seemed to have double digit month over month growth rates projected.
Asia is recovering faster than the rest of the world and Macau is prospering.
Wall Street looks for revenue to be up 29.00% this year and 7.20% next year. Since the real growth is not in hotel and food sales but gambling these increases fall to the bottom line. Analysts expect EPS growth of 515.40% this year, 33.10% next year and 24.48% annually for the next 5 years.
Barchart has a 100% technical buy signal with the stock trading around 97.17 well above its 50 day moving average of 88.60. The stock was up 8.57% last month and has a rising Relative Strength Index of 63.99%.
The general investor is starting to find this stock . The stock has promise if:
- You are looking for a China play in the luxury services to the newly rich in China
- The double digit monthly growth rates continue
- You like a price rise that is consistent
永利度假村有限公司及其全资子公司永利拉斯维加斯和永利资本将拥有并运作Le Reve， Le Reve将被打造成拉斯维加斯一流的豪华酒店及赌场胜地。Le Reve将位于内华达州拉斯维加斯市拉斯维加斯大道前Desert Inn & Casino所在地。