Wynn is a Great Bet

Wynn Resorts (WYNN - $140) is simply the best casino operator in the world...hands down. I just returned from another visit to Wynn Las Vegas and I have to say, I now have even more confidence in Steve Wynn and his management team than ever before. I have liked WYNN stock since the $70's and have traded it on and off all the way up. After my most recent visit I am convinced that this stock is headed to $200+. I have several reasons for this bullishness. 1. The golf course behind Wynn Las Vegas is probably worth $1 bilion+ and will be developed in the years ahead (probably 3 years from now). 2. They recently announced a $1.2 billion stock buyback that is still largely uncompleted...while the stock was at a new high. If Steve Wynn sees value in the stock...you should too. 3. The global wealth creation story was amazing to see in the high roller pit where 90% of the players where from outside the United States (Asia & Latin America were most represented). 4. The management team realizes that running the top casino resort is not about just placing a slot machine or table game on the floor and giving away free rooms or show tickets....it is about creating feelings and experiences for the right clientele. Like trading, he gets it that it is more art than science to attract and keep the best people to his properties. 5. WYNN - with a market cap of $15 billion is cheap compared to Las Vegas Sands (LVS) which has a market cap of $45 billion.