{"id":123502,"date":"2020-01-03T08:24:09","date_gmt":"2020-01-03T16:24:09","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=123502"},"modified":"2020-01-03T10:03:27","modified_gmt":"2020-01-03T18:03:27","slug":"wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/","title":{"rendered":"Wynn Resorts Stock Favored as Analysts See Macau Headwinds Abating"},"content":{"rendered":"

Wynn Resorts, Ltd. (NASDAQ:WYNN) stock gained 34.32 percent last year, slightly topping the S&P 500 in the process. Some analysts believe the gaming company can continue outperforming this year, as the outlook in Macau becomes more sanguine.<\/p>\n

\"\"
Amid an improved 2020 outlook for Macau, analysts like Wynn Resorts stock. (Image: Pinterest)<\/figcaption><\/figure>\n

Analysts see the operator of two casinos in the Chinese gaming enclave benefiting from easing trade tensions between the US and China, Beijing’s efforts to prop up the world’s second-largest economy, and guestroom additions and enhancements, among other factors.<\/p>\n

President Trump and Chinese President Xi Jinping are expected to sign the first part of a trade compact between the two nations this month. On Wednesday, the People\u2019s Bank of China (PBOC)<\/a>, that country\u2019s central bank, trimmed the reserve ratio requirement for lenders there, lowering financing costs and potentially freeing up more capital for loans, a move designed to bolster the economy,<\/p>\n

As 2019 drew to a close, we believe the persistent headwinds are easing and could potentially pivot to become tailwinds into 2020,\u201d said Jefferies analyst Andrew Lee in a note out earlier this week.<\/p><\/blockquote>\n

Wynn, which runs Wynn Macau and Wynn Palace on the peninsula, is highly levered to VIP gamblers. While Macau visits were robust last year, there was weakness in high-end revenue<\/a>, as premium players reduced spending due to macroeconomic factors.<\/p>\n

Brighter Outlook<\/h2>\n

In December, gross gaming revenue (GGR) in the Special Administrative Region (SAR) slid 13.7 percent, good for the worst monthly decline since March 2016, while the annual tally dropped 3.4 percent.<\/p>\n

\n

With some of the issues that plagued Macau’s license holders in 2019 cooling down, Jefferies’ Lee says companies such as Wynn and Las Vegas Sands (NYSE:LVS) are benefiting, because those operators are due to complete renovations this year<\/a>, bringing much-needed new room supply to market.<\/p>\n<\/div>\n

The analyst has \u201cbuy\u201d ratings on both stocks<\/strong>.<\/p>\n

Not Alone<\/h2>\n

Lee isn’t alone in his bullish view on Macau operators for 2020. Nomura Instinet’s Harry Curtis sees several factors lifting gaming companies with footprints on the SAR.<\/p>\n

\u201cPotential catalysts include the commencement of a new Henquin rail spur and light rail system, political d\u00e9tente between China and the US, and a stabilizing economy in China,\u201d said Curtis. \u201cA black swan positive would be initial indications from Macau’s new government on reasonable steps license holders need take to retain their concessions.\u201d<\/strong><\/p>\n

Licenses for all six Macau concessionaires expire in 2022. Ho Lat Seng was recently sworn in as the SAR’s new chief executives, prompting analysts and industry observers to speculate that the gaming permit renewal conversation could accrue some momentum as 2020 moves forward.<\/p>\n

Prevailing wisdom indicates that renewal risk for major operators, such as LVS and Wynn, is muted because those companies are obliging Chinese policymakers with plans to add more guestrooms and to build more non-gaming attractions<\/a>.<\/p>\n

Beijing is eager to see Macau diversify its economy and reduce its dependence on gaming revenue. The government there is pressing operators to add more meeting and convention space, as well as tourist attractions, including museums and high-quality dining options.<\/p>\n","protected":false},"excerpt":{"rendered":"

Wynn Resorts, Ltd. (NASDAQ:WYNN) stock gained 34.32 percent last year, slightly topping the S&P 500 in the process. Some analysts believe the gaming company can continue outperforming this year, as the outlook in Macau becomes more sanguine. Analysts see the operator of two casinos in the Chinese gaming enclave benefiting from easing trade tensions between […]<\/p>\n","protected":false},"author":46,"featured_media":123504,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\nWynn Is Drawing Favor From Analysts That See Strength in Macau<\/title>\n<meta name=\"description\" content=\"With Macau gross gaming revenue poised to rebound this year, some analysts are favoring Wynn Resorts stock as a way to play that theme.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wynn Is Drawing Favor From Analysts That See Strength in Macau\" \/>\n<meta property=\"og:description\" content=\"With Macau gross gaming revenue poised to rebound this year, some analysts are favoring Wynn Resorts stock as a way to play that theme.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-03T16:24:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-03T18:03:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/01\/wm2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1895\" \/>\n\t<meta property=\"og:image:height\" content=\"1259\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/\",\"url\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/\",\"name\":\"Wynn Is Drawing Favor From Analysts That See Strength in Macau\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/01\/wm2.jpg\",\"datePublished\":\"2020-01-03T16:24:09+00:00\",\"dateModified\":\"2020-01-03T18:03:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"With Macau gross gaming revenue poised to rebound this year, some analysts are favoring Wynn Resorts stock as a way to play that theme.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/wynn-is-drawing-favor-from-analysts-that-see-strength-in-macau\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/01\/wm2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/01\/wm2.jpg\",\"width\":1895,\"height\":1259,\"caption\":\"Amid an improved 2020 outlook for Macau, analysts like Wynn Resorts stock. 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