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Actionable news in WYNN: Wynn Resorts, Limited,

Count Your Chips On Las Vegas Sands

Casino licenses and the shifting wealth profile of gamblers in Macau pose risk, but Las Vegas Sands' balance of businesses could make its stock an outperformer.

In fact, Las Vegas Sands (LVS) generates roughly 45% of its earnings before interest, taxes, depreciation and amortization in Macau and 40% in Singapore. And with roughly a third of its hotel rooms in Macau, the company has three times the presence of its closest competitor and that "lead that will not change in the forseeable future," write Morgan Stanley...