Las Vegas continues to generate record revenue, but if Wynn Resorts is going to be a great stock, it's Macao that needs to recover.
It's hard to argue with Wynn Resorts' (WYNN -1.78%) performance in Las Vegas lately. The company is generating record revenue as travel is picking up and conferences are starting again. But Macao is the big negative, and its future could tell us where Wynn Resorts' stock goes long term. Travis Hoium and Jason Hall discuss the company's recent earnings results in the video below.
*Stock prices used were end-of-day prices of Nov. 9, 2022. The video was published on Nov. 13, 2022.
Jason Hall has no position in any of the stocks mentioned. Travis Hoium has positions in Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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