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>We have been bullish on Wynn Macau Ltd long term and remain so. But short term we believe several pillars of our bull scenario have shown cracks that have shown up in CNY results.</li>
<li>VIP and premium mass player segments expected to begin returning in meaningful numbers first have not yet materialized.</li>
<li>We see a 4-month time window in which a short play might look attractive for those with the risk profile for a round trip play before an expected upside later this year.</li>
</ul>


We have been bullish on Wynn Macau Ltd long term and remain so. But short term we believe several pillars of our bull scenario have shown cracks that have shown up in CNY results.
VIP and premium mass player segments expected to begin returning in meaningful numbers first have not yet materialized.
We see a 4-month time window in which a short play might look attractive for those with the risk profile for a round trip play before an expected upside later this year.


Wynn Macau Ltd: A Short Play, Short Term, as CNY Results Disappoint