Wynn Files Lawsuit Over Damage Caused by ... - Casino.org
Wynn Files Lawsuit Over Damage Caused by ... - Casino.org
The Wynn Casino is opening its buffet with new guidelines ...
Wynn Gift Cards Home
Wynn Las Vegas Careers
Las Vegas Luxury Hotels Wynn Las Vegas and Encore Resort
Wynn Las Vegas Casino - 2021 All You Need to Know BEFORE ...
Las Vegas Casinos Face Tighter Capacity Limits in New ...
Las Vegas Casino & Resort on the Strip Wynn Las Vegas
Employee Self Service Portal - Wynn Resorts
wynn casino lv
wynn casino lv - win
Macao casinos report 93% decline in revenues for May vs one year ago. LVS, MGM, WYNN dropping now. Will June 4th Vegas reopening still have calls printing?
@Benzinga: Casino Stocks Higher As China's Macau Territory Has Highest Monthly Revenue Since October 2014 $BYD $MGM $LVS $WYNN Caesars lags the group due to lack of #Macau exposure, tho' it's recently registered for trademark protection there... https://t.co/MLtP6sujJe
While my car is getting worked on, I started to make a BCKY ETF and wanted to share it with you all. I welcome any additions or feedback!
TECH
AAPL - Apple Inc. - Becky never leaves her iPhone behind BMBL - Bumble - shhh don’t tell Becky’s husband 🤫 FB - Facebook - they own Instagram, Becky’s most-used app MTCH - Match - Tinder for the casual fling ☺️ NFLX - Netflix - for those nights in 💜 PINS - Pinterest - inspiration central PYPL - PayPal - makes online shopping soooo easy once you figure it out! 🙌🏻 ROKU - Roku - Bridgerton is on Netflix, but The Bachelor is on Hulu! Having a Roku built into the TV makes it easy to navigate SHOP - Shopify - online shopping 🛍 SNAP - Snap - Becky prefers IG but loves Snap for the selfies and group messaging (and the secret disappearing messages 🤫) SPOT - Spotify - music fuels the soul 🎶 SQ - Square - CashApp makes splitting the bill sooooooo easy Z and ZG - Zillow - for daydreaming and snooping on the neighbors ZM - Zoom - in these trying times Becky has used Zoom to stay connected with her parents 💕
Entertainment
ABNB - AirBNB - For the little getaways, staycations and girls weekends AMC - AMC Entertainment - Becky went to second base for the first time in the back of an AMC theater (didn’t even watch any of Along Came Paulie) BALY - Bally’s - Becky likes a night out at the casino DIS - Disney - for the kids 💕 LVS - Las Vegas Sands - bachelorette party, anyone? MGM - MGM Resorts - can’t wait to get back to the clubs to do some DANCING 💃 MSGE - Madison Square Garden Entertainment - nightlife, dining, girls night??? MSGS - Madison Square Garden - Becky dated a basketball player after college (don’t tell dad! 🤫) MTN - Vail Resorts - Becky’s favorite winter destinations WYNN- Wynn Resorts - classy casino and hotel - Becky wouldn’t be caught dead anywhere else
Food/Beverage
ABT - Abbott - Baby formula was so helpful when Kai wouldn’t breastfeed. Pedialyte for when you have one too many proseccos 😜 APRN - Blue Apron - Soooo helpful to make Becky’s once-a-week meal or when Carla the “help” is sick. BUD - Anheuser Busch InBev - those Bud Light seltzers are NECESSARY CAKE - Cheesecake Factory - who doesn’t love Cheesecake? 😍 DASH - DoorDash - for those quarantine takeout meals with Greg 😍 GRUB - GrubHub - tapas delivered for girls night 😻 SBUX - Starbucks - there’s 4 seasons: Winter, Spring, Summer, and PSL SFM - Sprouts Farmers Markets - organic only 🍃 SHAK - Shake Shack - for the cheat meals 🤫 STZ - Constellation Brands - wine 🍷 anyone?
Lifestyle/Shopping
AXP - American Express - Becky’s black card never stops 🤪 BMWYY - BMW - for the Beckies with an X5 BURBY - Burberry - 💁♀️👜 CHWY - Chewy - Becky’s frenchie needs food, duh COTY - COTY - Becky secretly (or not so secretly 🤪) loves Kylie, Dolce & Gabana and Chloé DFS - Discover Financial - Becky likes getting cash back 😍 DMLRY - Daimler - For the Benz loving Becky DOGZ - Dogness - luxury goods for the Frenchie EL - Estée Lauder - cosmetics company founded by a fellow woman 🙋♀️ ELF - e.l.f. Beauty - makeup 💄 what else needs to be said? ETSY - Etsy - omg so many cute things to buy FLWS - 1-800-Flowers - I mean who doesn’t love flowers 🌸 FTCH - Farfetch - designer clothing ONLY GOOS - Canada Goose - Much needed during winter when walking around Manhattan and taking selfie’s at Rockefeller Center. A little trendy but still loving it. HOME - At Home - cute stuff for the house and cheap enough to throw away after getting that perfect pic for IG HTHIY - Hitachi - the magic wand is Becky’s little secret JWM - Nordstrom - designer brands ONLY KNL - Knoll - luxury designer furniture that is so cute and so comfy. IYKYK KSS - Kohl’s - Kohl’s Rewards are practically a currency right? 💵 LULU - Lululemon - quintessential Becky. The leggings don’t just make her butt look good, but they’re comfy and perfect for the IG flex LVMUY - LVMH Moet Hennessy Louis Vuitton - this just speaks for itself M - Macy’s - ugh kinda for the poor people but they have good deals so Becky will shop online MA - MasterCard - when the farmer’s market won’t accept American Express MLHR - Herman Miller - super expensive furniture for the home and sooo comfy PFE - Pfizer - why is this in the lifestyle category? Because Becky would have a breakdown without her Xanax TEVA - Teva Pharmaceutical - Becky runs on adderall that is prescribed to her son PTON - Peloton Interactive - the ultimate Becky item - if you didn’t post your workout on your IG story did you even spin?! REAL - The RealReal - Cartier, Chanel, Christian Louboutin, LV, Gucci, Hermès, Prada, Tiffany’s and more! REV - Revlon - some of Becky’s fav actresses promote their products RH - Restoration Hardware - only the best for Becky’s home SFIX - Stitch Fix - Becky took the styling quiz and gets emails from them all the time, but still hasn’t placed an order (but she really wants to to support a company headed by a woman CEO 👩🏼💼) (S)TIC - Northern Star - Becky’s frenchie gets soooo excited for her monthly Bark Box TCS - The Container Store - Becky just CAN NOT walk by without going in TGT - Target - 🎯 this one is self explanatory- Becky doesn’t leave until it’s dark out TSLA - Tesla - for the more environmentally conscious Becky that still needs to flex TUP - Tupperware- perfect for packed lunch boxes and leftover tapas 🥰 ULTA - Ulta Beauty - looks are everything and Ulta sells everything Becky needs V - Visa - Becky recognizes that name from the front of some of her credit cards WSM - Williams-Sonoma - Becky buys a lot of her home goods at Pottery Barn and West Elm
All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65.
WYNN misses BIGLY! -6.14 vs -4.98 EPS Rev 85.7m vs 212.17 expected SELL SELL SELL!
Wynn Resorts (NASDAQ:WYNN) reported quarterly losses of $(6.14) per share which missed the analyst consensus estimate of $(4.98) by 23.29 percent. This is a 526.39 percent decrease over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $85.70 million which missed the analyst consensus estimate of $212.17 million by 59.61 percent. This is a 94.83 percent decrease over sales of $1.66 billion the same period last year.
Are we about to see a massive economic collapse in the state of Nevada?
First off, I would like to say I have no heart in hoping for the demise of anybody even though I've been personally screwed by the big green dildo this market has given us. That said, there are some economic inevitabilities that are doomed to play out at this point, and it seems we'll see it first or near first play out in Nevada. When looking over google trends, I noticed something interesting with the words for 'forbearance,' 'unemployment,' and 'eviction.' On a country wide basis, many of those terms peaked interest at the end of march and have return to typical search level interest levels. But in Nevada? Those interest levels are at their all time highs. Interesting and perhaps a clue of a larger issue, but nothing more than a tidbit now, right? So let's dive a little further. Where does much of Nevada's economy exist? Well, based on population, Las Vegas has 21% of Nevada's population. Why don't we assume that LV represents anywhere from 30-40% of the Nevada economy. Las Vegas depends on tourism for their income. Well, tourism doesn't exist right now, and most likely it will not exist until End of June at the earliest. Why do I say this? Because airlines such as Delta, Southwest, and United have all remarkably said the same thing: we expect 90-95% of last year's demand for this quarter to be wiped out this quarter. This makes something like tourism untenable for this second quarter. Now, we're seeing companies like WYNN, LVS, and MGM taking out debt and reducing costs. Okay. Good. They'll survive a year of stopping and restarting. But the problem now is: most of these companies will not be seeing real pre-covid levels of traffic until spring 2021 realistically. So they will not be hiring back as many furloughed workers as assumed. Naturally, we can assume many people in Nevada have filed for unemployment. And when you look at the numbers across western states, you'll notice that Nevada's numbers were relatively similar to other west coasts states up to March, where they've diverged higher from other state's rises in unemployment. Rent and cost of living in Nevada is 127.5% the average standard in the US. LV actually costs less to live in at 118.2% believe it or not. So while this is all happening, Las Vegas has to pay more to just to take care of the bills. Not a good recipe This is all interesting data, but perhaps the most concerning bit was the Las Vegas mayor's CNN interview. She offered her city up as an experiment for how a city could deal with the virus aggressively re-opening. Many people cried out she was putting lives in danger. But I see something different: I see a mayor who is likely getting calls everyday from her constituents who are out of work, out of money, and now looking to get thrown out of their homes. No, she's not acting stupid. She's acting desperate. She understands that her city is in real trouble. Las Vegas historically does well in times of economic prosperity and poorly in times of economic contraction. But what about a major contraction? Put another way: We have a negative feedback loop. The state is paying out massive unemployment benefits while its revenue has collapsed (happening not just in Nevada but I'm sure it's more extreme.) So as revenues fall for the state, the state has to pay more out to its citizens so they can survive. What does this mean? Good luck with hiring a full police force with the $2 you have left in your state coffers. While markets have dislocated from the real economy, the real economy gets worse every day. We need to see real policy change or we're doomed to fall into a depression. I don't have positions. But if you want some: SPY 220p 9/18, WYNN 50p 1/21/22
How is the community feeling about Casino Stocks heading into earnings season? I’m bullish on the long term prospectus but am curious how the community feels about how stocks like $mgm $wynn $lvs will respond to another understandably poor quarter.
Casinos in the Chinese territory -- the world’s biggest gambling hub -- reported an 88% drop in gaming revenue in February as they grappled with cost of closing down their businesses for 15 days to help contain the spread of the disease. Anyone got any ideas on what to Buy Puts to profit from this?
All this with GameStop has got me thinking-even in a market as hot as the one now, there have still got to be plenty of undervalued stocks. Given that hypothesis, I have decided to gather information and produce bull theses on stocks that I believe are dramatically undervalued in the stock market from time to time. I do not know how often I will do this, it just depends on whether or not it picks up steam, but it is something fun to occupy my time with! Keep in mind, that I am not a financial advisor, and none of this is financial advice. So, without further ado, I present my first case: I believe that Las Vegas Sands (LVS) is dramatically undervalued-even as a resort chain during a global pandemic. There are a number of reasons for this: To put it simply, the stock has taken an unjustified beating during the pandemic, especially on this last earnings report. Other casino stocks, such as MGM and Wynn Resorts, have recovered at a far greater rate while not being as attractive as LVS in my opinion. Locations: LVS has an attractive portfolio of locations, including the very popular Venetian in Las Vegas-which includes an expo/convention center for the NUMEROUS corporate conventions that do and will continue to take place- as well as the Palazzo. Additionally, LVS has multiple resorts in Macao, where it holds one of only SIX casino licenses to serve the entire Chinese economy. Finally, LVS also operates Marina Bay Sands in Singapore-where they have one of only TWO casino licenses. In short, Sands is a leader in the US and Asian casino markets, both highly lucrative areas in the industry. Asia: As the middle class in China continues to grow at a rapid rate, more consumers will vacation to Macao and Singapore and drive up revenues in the area post-pandemic. Sands’ casino license is good through May of 2022, so they will be able to serve this growing middle class for the next 15 months and, I believe, well beyond. If you are concerned about the expiration of the licenses, don’t be. MGM and SJM holdings both had licenses set to expire in 2020, but both were renewed until 2022 by the Chinese government. The gaming industry in Macao has some serious weight, being the city’s largest employer and accounting for 82% of government revenue to the city. The Chinese government would have very little interest in adjusting or revoking the licenses unless a company made an egregious misstep. A misstep by LVS is highly unlikely, as the market is very lucrative and doing anything to compromise access to that market would be nonsensical. Further, Sands' Singapore license is highly coveted given that the only other license belongs to Genting Group, a company based in Malaysia-LVS has no US competitors in Singapore, and no competitors that are listed on US stock exchanges, making them your best bet for the Asian casino market in the United States. The balance sheet: As of December 31, 2020-nearly a year into the pandemic-LVS had a cash balance of $2.12 billion, which is quite healthy. While LVS does have outstanding debt of roughly $14 billion, this is not really of any concern, as net revenue amounted to just shy of $13.8 billion in 2019, a number I would expect to return-and even grow-after the pandemic. Additionally, capital expenditures for LVS amounted to only $252 million in 2020, giving some longevity to the balance sheet as revenues continue to recover slowly. New CEO: Robert Goldstein has been with LVS since 1995, when The Venetian was in its planning phase. During this time, he was instrumental in attracting restauranteurs and retailers. He has served in a variety of leadership positions, including as COO of the company. Under Goldstein’s leadership, LVS achieved financial performance records and has been positioned a leader in regulatory compliance, an important note when considering the casino industry-especially in Asia, where noncompliance could get their highly coveted license revoked. Nobody can say that it is easy to be in the hospitality industry during a global pandemic, but I believe that Las Vegas Sands has the market, the balance sheet, and the knowledge to weather this storm and grow in the aftermath. I first bought in to LVS at approximately $59 per share before cutting my losses at $56 to wait for a better buy point. Well, that buy point has been achieved. As of January 29, I am back in on LVS at $48 per share with a price target of $65. P.S. I know that I am no legend like u/DeepFuckingValue, but I like this stock!!
Edit 2 (Nov 27): Of course, because this market is all-knowing and completely rational, the stock keeps going up despite the bad news. Currently getting clobbered on my positions (around -50%) but still holding. Edit 1 (Nov 22): It looks like the governor is announcing new restrictions, the most notable of which that casinos will be reduced from 50% to 25% capacity. We will see if the casino stocks react accordingly. ************************************************************ For the 1 or 2 humans left who aren't trading NIO, PLTR, and soon CIIC, this is something different at least. Hope you enjoy it.
TL;DR and Positions:
This is a reasonably short-term bet that WYNN, which rose over 25% on vaccine news, is overextended and will pull back.
This is partially a play on vaccine exuberance (targeting cyclical/reopening names), and partially a play on Wynn specifically Vaccine Exuberance
As everyone knows, Pfizer and Moderna have recently reported stellar efficacy data on their COVID-19 vaccines. Last week’s Pfizer vaccine pump, in particular, sent cyclical names (i.e. cruise lines, airlines, casinos, AMC, etc.) soaring.
IMO, these names went too far ahead of themselves. It’s true that the strong data is a triumph for science and signals that there’s a light at the end of the COVID-19 tunnel. However, once the euphoria dissipates, we have to confront a basic truth-: the vaccine isn’t going to be widely available until sometime in 2Q 2021, possibly later.
For context, PFE and MRNA will apply for Emergency Use Authorization (EUA), with an FDA decision expected sometime in December. But even if the FDA issues EUA, the limited doses of vaccines that are currently available will only be provided to very select populations, e.g. high-risk populations. Full approval (not EUA) for the vaccines are expected in 1Q 2021, meaning most people will not be getting vaxxed until next year.
This means that in the short term, nothing about the cyclical names has fundamentally changed. Their businesses will continue to struggle, especially with the looming threat of additional stay-at-home orders. Further, those who have watched the market this year know that every subsequent vaccine news generally provides diminishing pumps (unless it's something new altogether, like the PfizeModerna efficacy data). I believe that the recent pump in the cyclicals was built on euphoria that will fade in the coming weeks.
Wynn
Disclaimer: if you think the thesis above makes sense, you might also consider playing names like CCL and AMC. I personally chose WYNN for a couple of reasons-:
The stock has been hovering in the $70-75 range for a while (since April 8, it has closed below $70 only thrice). I consider the recent runup to $100+ way too much given that no material news was released by the company specifically.
Nevada is having a hard time with covid right now. On Nov 10 Governor Sisolak advised citizens to stay at home for 2 weeks, giving them the ultimatum that if things don’t get better, “I will be forced to take action in 14 days,” he said, although he mentioned that “I don’t want to take enforcement. I want to lift restrictions.”
Yet the usual facts abound: cases are at an all time high and continue to grow, while hospitalizations are rising as well. I expect that this trend continues post Thanksgiving.
Clearly shutdowns and business restrictions are unpopular, but the latest news is that Sisolak might take some sort of action soon. Any talk (or action, of course) of shutting casinos down may send Wynn spiraling back down.
(Sidenote: Puts on LVS, CZR, MGM seem viable too, but Wynn has run up the most)
Several Counterarguments/Things That Can Derail This Trade
It is unclear that casinos will close down again. From the same article: “in responding to other questions about potentially keeping casinos open, the governor said he doesn’t want to “shut down all of the economy if we can avoid it.”
Additional good vaccine news (particularly an EUA approval) might send all the cyclical names rocketing up again, and Wynn would be no exception.
J Pow turns on the money printer and massacres all puts.
Positions
I’m thinking that a stream of bad news will overshadow the good news in the next few weeks. That said, December puts are a little risky because the timing will probably coincide with further good vaccine news, so slightly smaller positions here. The bulk of the position is in Jan puts as you can tell.
For strikes, I just chose a few that make sense to me, along with a speculative $75p. I reinforce once again, with some exceptions, Wynn does not stay below $70 for long, so if the stock does drop bigly, I will be cashing out before it teases low $70's.
WSOP just pulled a ton of live poker events and went all online. Casino put looking better by the second
Source: https://twitter.com/wsop/status/1238613807552794624?s=21 Caesars owns WSOP so they’ll still get their delicious rake money but all other casinos get ram rodded These events bring in tons of degens to play poker and investable degen in the pit. Properties are now going to miss out on these players. It’s bad news after bad news for these fucks. Also a MGM employee got the ‘rona so things are looking poor (but great for my puts). Casinos were some of the biggest stocks that didn’t get that much rub from dongrle CEO parade so blood red Monday incoming? Idk I’m the sort of autismo that plays at these place so why listen to me... PENN $10 3/20 MGM $12 3/20
MGM drives its revenue in the following 3 segments:
Las Vegas Strip Resorts (Resorts located in Las Vegas): 48%
Regional Operations (Resorts located in other parts of the U.S.): 29%
MGM China (Resorts located in Macau): 23%
More than 50% of domestic revenue is driven by non-gaming operations. The revenue model differs greatly between the Las Vegas and Regional Operations. In Las Vegas, non-casino revenue leads casino revenue 3:1 while in regional segment this relationship is the opposite. In China, both segments are about the same.
Finaniclas
MGM has kept consistent revenue at ~$10B over the past decade. While the operating cash flow has shown consistent growth, the company was losing money between 2012 and 2015. While the company runs with a manageable Debt to Equity (D/E) ratio of 1.67, the interest rates consume the entire 10% of the company's revenue - a costly expenditure that shows itself big at a time like now - COVID. This year, the business is generating 30% of what it did in the past on average. While the company pays a considerable 3% dividend, the management shows great inconsistency in its share repurchasing plan, moving up and down from year to year with an overall uptrend. Please review these consolidated financials for additional information.
Pricing
This portfolio tracks MGM's performance in the past year alongside its major public competitors. Evidently, MGM's stock price has rebounded since the COVID to its earlier levels, despite financial downturn and significant upcoming annual losses. The company trades at 57% its tangible assets, the best ratio among its competitors. Its current PE is 7.78 against its last year's earnings - the all time low of the past decade. However, given the unreliable nature of MGM's income, this metric is less meaningful than its price to tangibles, which I consider to be attractive. Putting it all together, the company is taking a 70% cut on its revenue this year with respective effects on its balance sheet, major throw back on the income and immediate financing arrangements while the stock is trading at the pre-COVID levels. The future is most certainly uncertain, which makes the pricing undeterminable.
Conclusion
MGM is one of the key players in the resort business with somewhat attractive financials and possibly fair pricing. However, nothing in particular stands out to me about this stock at present time. The uncertainty of the future and fully rebound stock price, one the other hand, make it a hard no for me. Thanks for reading! Checkout vitddnv's page for more.
I am not one to typically follow or pay attention to the investing of those that consider themselves "professionals", but when it comes to the man, the myth, the legend, Dr. Michael Burry, I do. Recently, his fund, Scion Asset Management, filed it's 13-F Filing and there was some interesting information in it. (Bear in mind, some of these positions could be a few months old, however since I am focusing on the call options in his portfolio many of these positions would most likely be long-term and therefore would still be valid investments). Of note, Burry had 16 call positions which represented 71.19% of his portfolio. I would suspect that these are LEAP options (at least one year options) and not short-term call options, which clearly shows that he believes the economy has seen the worst of the coronavirus and is poised for a recovery. The reason I suspect Burry is invested in LEAP options is due to their tendency to be mispriced and cheaper than holding a higher priced stock like GOOG or BKNG long-term. They would offer far more upside than just holding the stock itself. We also know from history that Michael Burry is not a short-term investor and his "Big Short" positions, which were also derivatives, took over one year to profit. With that in mind here are the companies that made up the biggest positions in his call options: GOOG (36% of his portfolio) FB (7%) BKNG (6%) GS (5%) WDC (4%) Various other companies made up his other positions which primarily consisted of energy, retail, gaming (casino) and financial companies. All these companies are in sectors which are market laggards currently, but would increase dramatically with a market recovery, hence his use of call options. From looking at his portfolio, it is evident Michael Burry is bullish on the market and believes that it is set to recover. He is clearly betting on higher interest rates in the future (financial stocks), higher energy prices (energy stocks), higher consumer spending (retail stocks), increased discretionary spending (casino/gaming/travel stocks), and overall increase in the dominant tech stocks (FB/GOOG). I think this is a solid portfolio and thesis. I am not one to argue with the legend and I will be following his lead into some of the stocks he has bought. Specifically GOOG, WYNN, LVS, JPM, BAC, GS calls. LINK TO OVERVIEW OF THE 13-F filing: https://fintel.io/i13f/scion-asset-management-llc/2020-06-30-0
Wynn Gift Cards are available in any denomination and can be used throughout our resorts for dining, shopping, entertainment, spa & salon services, and much more. Because a Wynn Gift Card is more than a present; it’s the entrée to amazing memories. Like several other Vegas Strip casinos, Wynn reopened on June 4, almost three months after Nevada Gov. Steve Sisolak ordered casinos and nonessential businesses to close in an attempt to fight the... Wynn Las Vegas meets more than 360 global health security standards and implements expert-validated best practices for your safety and comfort. Working closely with a team of leading medical and public health professionals, Wynn and Encore have created a health and safety program that is based on the most effective health-safety practices available. Follow the link to learn more about our ... Go to Venetian or Palazzo spent most of my time there after I realized how bad the service was at Wynn. Like casino doing soo bad they basically stealing too make money. Pathetic. Read more. Review collected in partnership with Wynn Las Vegas. Helpful. Share. Chelsiebug90 wrote a review Jan 2021. San Antonio, Texas 10 contributions 1 helpful vote +1. Anniversary & just because 2020 is over ... The Wynn Las Vegas is the first casino to bring back its buffet with a new re-imagined concept. Plus, the Circa Resort & Casino is ahead of schedule with its grand opening. Casino operators including Caesars Entertainment , Las Vegas Sands , and Wynn Resorts (NASDAQ:WYNN) will need to comply with the new regulations for three weeks after they take effect beginning ... Wynn owes its success to one group of people: our employees. Without them, we wouldn't have the Five Star awards, the return guests, or the reputation as the world's best casino resort… This site uses cookies. To find out more, see our Cookies Policy. x. LEARN MORE ABOUT WYNN. Join the wynn las vegas talent network. Join the encore boston harbor talent network. Toggle navigation. Home ... Employee Self Service Portal - Wynn Resorts The casino at the Wynn is open 24 hours daily; the casino at Encore is open from Thursday at 2pm to Monday at noon. Hours may differ for other amenities, such as the Wynn Poker Room and Race & Sports Book. What are the casinos at Wynn and Encore Las Vegas doing in regards to health & safety? Wynn and Encore Las Vegas have implemented various measures, including reduced capacity, social ...
Thank you for watching our WYNN CASINO LAS VEGAS TOUR video. We appreciate your LIKES and would love it if you would Subscribe to our channel and help us gro... via YouTube Capture Today we check Wynn Resort on the Las Vegas Strip. This luxury hotel is very classy and prestige. Defiantly five stars. I wasn't too happy with the way this ... A review of a King deluxe room at the Wynn resort and casino in Las Vegas Nevada Wynn is a luxury resort and casino located on the Las Vegas Strip in Paradise, Nevada. The US$2.7-billion resort is named after casino developer Steve Wynn a... #adventurelord #wynnlasvegas #lasvegas #casinos #sincityWalking around Wynn Las Vegas. The Wynn Hotel and Casino Las Vegas 2020We did a walk through of Wynn Hotel and Casino during the Vegas Shutdown. We got a Wynn Slots Free Room Reward back w... Hi guys, I hope you enjoy todays video which is a walk through of the Wynn Hotel and Casino in Las Vegas. This is my first time doing this, so please leave m... About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators ...
