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Wynn has Huge Expectations for the Future

By Joni Hawk, Sep 12th 2006
In New York, according to Reuters:"Here at Wynn Resorts Ltd. it is not just the casino patrons that are hoping to hit it big."

"The investors have bid for some company shares up to some 41 percent this year, encouraged by the company's plans in the booming Chinese betting resort of Macau and its forecast in Las Vegas, where it opened its first and only casino last April."

"If you will choose the stock, you must know that this comes with its own share of risks. The company has only one open casino, and its future rests on just two markets, and it relies a lot on its chief executive, Steve Wynn, for his insight and his ability to attract high rollers and also for his ability to run the business despite a degenerative eye condition."

"Nonetheless analysts comment that the hype around the Las Vegas-based company's stock is justified, having room for further gains."

"Wynn shares are approaching their 52-week high of $80.19 set earlier this month."

"As these projects are completed, Wynn's earnings per share, excluding special items, will continue from the 16 cents it made in 2005 to 82 cents in 2006, $2.22 in 2007, $2.70 in 2008 and $3.25 in 2009, analysts polled by Reuters Estimates predict..."

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