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Actionable news in WYNN: Wynn Resorts, Limited,

Count Your Chips On Las Vegas Sands

They have an overweight rating on the stock, as they have on MGM Resorts International (MGM) and Wynn Resorts (WYNN). However, they think Las Vegas Sands can be the best way to play rising Macau gaming revenue. They estimate that revenue can expands at a 10% compound annual growth rate (CAGR) through 2022. They explain:

" ... While we expect WYNN and MGM to grow EBITDA at 21% and 14% 3-year CAGRs, LVS looks more favorable on other metrics.
i) LVS is able to achieve its 10% growth at only ~1.5x net debt / EBITDA, vs. WYNN currently at 4.5x and MGM 4x,
ii) LVS pays a 5% div yield vs. WYNN and MGM 1.4%, and
iii) LVS has greater geographic diversification.
In addition, LVS has option value in monetizing its Singapore mall and/or greater chance of winning a Japan casino license."

Las Vegas Sands shares are up 1.4% today and have climbed 26% this year. MGM shares are down 0.4% today and are only up 9% this year. Wynn shares are up 0.3% today and have climbed 76% this year.

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