![]() To help you with your own analysis, here is a list of the nine top performing casino and resort stocks over the past year.Īnalyze These Ideas (Tools Will Open In A New Window)ġ. Do you think this positive news is a sign of more good casino, gambling, and resort earnings news, particularly for Macau and Las Vegas casinos? Wynn reported earnings ahead of most of its competitors. According to Hoium, Wynn expect to win 26-28% of its table games in Macau compared to 21-24% forecasts for its Las Vegas tables. One of the reasons Wynn has performed so well: win percentages at tables. ![]() The gains came from a 36.7% revenue increase in Wynn Macau and a 22.8% revenue increase in Las Vegas, according to Beacon Equity Research.ĮBITDA (earnings before interest, taxes, depreciation, and amortization) increased 58.9% in the quarter compared to the same quarter a year earlier.Īnd adjusted earnings per share nearly tripled from $0.52 last year to $1.60 in the 2nd quarter of this year, reports Travis Hoium on Motley Fool. Wynn Resorts, the casino giant, reported net revenues of $1.367B for the 2nd quarter of 2011, which is 32.4% or over $300M more than net revenues in the 2nd quarter of 2010. If there were one phrase that could encapsulate the entirety of gambling, it might be: "the house always wins." Well, it seems that Wynn has won this one. Account icon An icon in the shape of a person's head and shoulders. ![]()
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