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Wynn Resorts Is Gaining Ground in Macau

By Travis Hoium – Feb 6, 2014 at 3:45PM

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The Macau Peninsula is supposed to be losing ground to Cotai, but Wynn Resorts is still growing in Macau's old gaming region.

Macau has been a rising tide that's lifted all gaming companies, but this quarter, Las Vegas Sands (LVS 2.31%) and Wynn Resorts (WYNN 2.67%) have been two big beneficiaries. It's not surprising that Las Vegas Sands has gained share with a prime location on Cotai and Sands Cotai Central now clicking on all cylinders, but Wynn's performance is surprising. 

Wynn grew faster than Macau in both the mass and VIP markets, which is surprising considering the fact that it's relegated to the Macau Peninsula, Macau's old gaming area. 

Mike Klesta sat down with Fool contributor Travis Hoium to see what we should take away from Wynn and Las Vegas Sands' results and how it will impact neighbors Melco Crown (MLCO 9.81%) and MGM Resorts (MGM 2.69%)

Mike Klesta has no position in any stocks mentioned. Travis Hoium manages an account that owns shares of Wynn Resorts, Limited. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

Wynn Resorts Stock Quote
Wynn Resorts
WYNN
$80.29 (2.67%) $2.09
MGM Resorts International Stock Quote
MGM Resorts International
MGM
$35.86 (2.69%) $0.94
Melco Resorts & Entertainment Limited Stock Quote
Melco Resorts & Entertainment Limited
MLCO
$7.95 (9.81%) $0.71
Las Vegas Sands Stock Quote
Las Vegas Sands
LVS
$44.66 (2.31%) $1.01

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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