Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

I am a 25+ year c-level executive of the casino industry in operations, marketing, international development and strategic planning. Currently, a consultant specializing in the casino space. Industry expert contributor and publisher of a subscription letter called "The House Edge". Extensive experience in marketing and development in the Asian gaming market while a senior executive at Caesars, Ballys Grand and Trump Taj Mahal.
Part of senior executive teams that valued acquisitions and mergers with companies in the casino, hotel, d entertainment rant  and restaurant space.

Global Gaming and Casinos Industry Specialist

Equity Bottom-Up

<ul>
<li>Wynn Resorts Ltd.(NASDAQ: WYNN) Q3 earnings up 106% led by Macau's Wynn Palace. This reflects powerful VIP upside and marketing margin adjustments that have boosted margins on VIP table games from the previous staple just below 20% to 50%.</li>
<li>Cannibalization of Pennisula property Wynn Macau feared by some analysts did not materialize.</li>
<li>Construction obstacles to property will diminish after neighbor MGM Cotai opens next January</li>
<li>Price at writing in our view does not reflect the full valuation of Macau…</li>
</ul>


Wynn Resorts Ltd.(NASDAQ: WYNN) Q3 earnings up 106% led by Macau's Wynn Palace. This reflects powerful VIP upside and marketing margin adjustments that have boosted margins on VIP table games from the previous staple just below 20% to 50%.
Cannibalization of Pennisula property Wynn Macau feared by some analysts did not materialize.
Construction obstacles to property will diminish after neighbor MGM Cotai opens next January
Price at writing in our view does not reflect the full valuation of Macau…


Propelled by Blowout Q3 Performance in Macau, Wynn Resorts on Runway for Our PT of $200 by 2Q18