Wynn's Macau Operations Will Continue To Prosper Amid High Gaming Demand And A Limited Room Supply

Wynn Resorts continues to benefit from higher demand at its Macau hotel properties, and this has led to better pricing for the rooms over the past few years. Casino operators are motivated to sustain occupancy in order to generate demand for casinos and other ancillary facilities, thereby sometimes compromising the average daily rates (ADRs). Wynn has maintained the occupancy rate at over 90% over the past few years and now it should focus on growing ADR at a faster pace, in our view. Better-tha...