Wynn Resorts on call +2% premarket
- Business in Vegas is 'comfortable'; non-casino rev is acceptable (best non-gaming quarter ever), baccarat is suffering in absence of Asian players
- Many games in Vegas have become marginally profitable; Wynn has rearranged the location of games on the floor (bringing more profitable games to the front)
- Junkets (VIP) remains challenged in Macau. Relaxation of visa and smoking regulation is a good sign.
- Construction for Wynn Palace is on schedule (opening ~March 25 '16)
- Wait and see mode for casino in Japan
- Wynn has had no active M&A discussions (in response to question about M&A).
- Hoping for friendly treatment in Massachusetts
- WYNN +2% after initially falling ~4% on the miss