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6 pts

Opinion on  Wyndham Worldwide Corp. (WYN)     Sector: Services  >  Industry: Hotels & Motels
Wyndham Worldwide Corp.

Jun 28, 2009 07:18 PM GMT
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Return Risk
+80.16% LOW
Principal

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ANALYST RATINGS




Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts. It owns and operates three destination casino resorts: Wynn Las Vegas, on the Strip in Las Vegas, Nevada, Encore at Wynn Las Vegas located adjacent to Wynn Las Vegas, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). The Company is also constructing Encore Wynn Macau, an expansion of its Wynn Macau resort.

Wynn Las Vegas

Wynn Las Vegas offers accommodations, amenities and service with 2,716 rooms and suites, including 36 fairway villas and six private-entry villas for its guests. The approximately 111,000 square foot casino features approximately 135 table games, a baccarat salon, private very important person (VIP) gaming rooms, a poker room, approximately 1,935 slot machines, and a race and sports book. The resort’s 22 food and beverage outlets feature six fine dining restaurants. Wynn Las Vegas also offers two nightclubs, a spa and salon, a Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, approximately 223,000 square feet of meeting space and an approximately 74,000 square foot retail promenade featuring boutiques from Alexander McQueen, Brioni, Cartier, Chanel, Dior, Graff, Louis Vuitton, Manolo Blahnik, Oscar de la Renta and Vertu. Wynn Las Vegas also has a showroom, which features Le Rêve, a water-based theatrical production.

Encore at Wynn Las Vegas

Encore at Wynn Las Vegas was opened on December 22, 2008. This resort is located immediately adjacent to and is connected with Wynn Las Vegas and features a 2,034 all-suite hotel, as well as an approximately 72,000 square foot casino with approximately 95 table games, a baccarat salon, private VIP gaming rooms, approximately 835 slot machines and a sports book. The resort’s 12 food and beverage outlets include five restaurants. Encore at Wynn Las Vegas also offers a night club, a spa and salon, approximately 60,000 square feet of meeting space and approximately 27,000 square feet of retail outlets featuring boutiques from Hermes, Chanel and Rock & Republic. The Encore Theater, featuring Danny Gans, opened on February 10, 2009.

Wynn Macau

Wynn Macau features approximately 600 hotel rooms and suites, approximately 370 table games and approximately 1,250 slot machines in approximately 205,000 square feet of casino gaming space, five restaurants, a spa and salon, lounges, meeting facilities and approximately 46,000 square feet of retail space featuring boutiques from Bvlgari, Chanel, Dior, Dunhill, Fendi, Ferrari, Giorgio Armani, Gucci, Hermes, Hugo Boss, Louis Vuitton, Piaget, Prada, Rolex, Tiffany, Van Cleef & Arpels, Versace, Vertu and Zegna. Wynn Macau includes a show in its rotunda featuring a Chinese zodiac-inspired ceiling and an interchangeable gold prosperity tree and a dragon of fortune.

The Company competes with Bellagio, Caesars Palace, Luxor Hotel and Casino, Mandalay Bay Resort & Casino, The Mirage, New York-New York Hotel and Casino, Paris Las Vegas, Treasure Island, The Venetian, The Palazzo and Genting Highlands Resort.


WYN:  This call was made on 06/28/09 @ $11.93
Rating:   Positive   $11.93 (06/28/09)
Gain/Loss:   +381.48% in 1452 days
Target:   $20.00 (+67.64%) in > one year
Allocation:   0.0% of portfolio


Comments (3)

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sinboy32   N/A     1 point   commented 1178 days ago reply

Wynn Las Vegas offers accommodations, amenities and service with 2,716 rooms and suites, including 36 fairway villas and six private-entry villas for its guests.
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