Las Vegas Sands Corp. (LVS): Wynn Resorts, Limited (WYNN) Stuck Waiting for Cotai Resort

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Foolish bottom line
Like Las Vegas Sands, Wynn’s results fell short of expectations, but the two companies are on two different paths. Las Vegas Sands and Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) will continue to grow and take share as Cotai develops critical mass, while Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) just hope to hold steady until their Cotai resorts are complete.

For investors (like me), the hope is that revenue and EBITDA will double when the Cotai resort opens, but it’s a long wait until that happens. Until then, even mild growth is a slight positive for Wynn Resorts, and that’s what we got in the second quarter.

The article Wynn Resorts Stuck Waiting for Cotai Resort originally appeared on Fool.com is written by Travis Hoium.

Fool contributor Travis Hoium manages an account that owns shares of Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned.

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