Wynn Resorts, Limited (WYNN): This Company Is Holding Steady In Macau

If Las Vegas can continue to trend slowly higher, it will be an incremental positive for Wynn Resorts, Limited (NASDAQ:WYNN) instead of a drag on earnings.

The long wait for Cotai
For investors in Wynn Resorts, the real payoff won’t come until the company’s $4 billion Cotai resort is complete in early 2016. Until then, Las Vegas Sands and Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) will likely be the operational winners in Macau.

Wynn isn’t a screaming buy at an enterprise value/EBITDA of 10.4, but that’s lower than competitors’ and if you can wait until 2016, there’s a lot of upside.

The article Wynn Holding Steady in Macau 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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