Wynn Resorts, Ltd. (WYNN)
by Zacks Equity ResearchAugust 09, 2012 | Comments : 0 Recommended this article: (0)
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Further, competition in the Macau market is increasing, forcing the company to increase junket commission and provide additional benefits to lure customers. Moreover, business in Las Vegas remains frail as a result of an uncertain economic environment, and might continue to struggle due to excess capacity in the market.
Additionally, we remain cautious on the stock because of the limited diversity and implementation of any stringent credit and visa polices by the Chinese government. Hence, we currently remain Underperform on the stock.
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