Deutsche Bank Maintains Buy Rating on Wynn Resorts (WYNN); Analyst Says Macau Margins Show No Signs of Pressure
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Jim Chanos Says China Capital Flight 'Accelerating', Sees Macau Casino Revs Est. 'Going Down Huge' - Reuters
October 28, 2014 5:20 PM EDTJim Chanos said capital flight out of China 'accelerating', saying China credit bubble may ultimately weaken Yuan.
In addition, Chanos is recommending avoiding Asian financial institutions. Further he siad Macau casinos revenue estimates 'going to come down huge' (Related: (NYSE: LVS) (NYSE: MGM) (NASDAQ: WYNN) (NASDAQ: MPEL))
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Wynn Resorts Ltd (WYNN) Tops Q3 EPS by 11c
October 28, 2014 4:06 PM EDTWynn Resorts Ltd (NASDAQ: WYNN) reported Q3 EPS of $1.95, $0.11 better than the analyst estimate of $1.84. Revenue for the quarter came in at $1.37 billion versus the consensus estimate of $1.37 billion. Macau revenue was $942.3 million.
For earnings history and earnings-related data on Wynn Resorts Ltd (WYNN) click here.
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