I have been following Wynn Resorts and Las Vegas Sands for more than 10 years as these two companies give me a great barometer of the how the global economy is doing.
In April, Las Vegas Sands reported first quarter earnings of $0.91 per share vs expectations of $1.04. Nevertheless, Management stated they expect the gaming market in Macau to recover and spending $2.2 billion in Macau over the next three years. That makes since as the game revenue in Macau dwarfs Las Vegas by a factor of 6X.
John Staszak, an analyst with Argus Research had this to say about Las
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