Our Revised Price Estimate Of $159 For Wynn Resorts

We believe that the company's VIP gaming turnover in Macau will continue to see some pressure in the coming months amid the ongoing anti-corruption crackdown in the region. However, we believe the growth in this segment will resume next year and partly will be driven by its new casino resort in Cotai, which will further enhance its market share in the region. We continue to remain bullish on Macau gaming in the long run and expect the VIP gaming turnover to be around $135 billion by the end of o...