VIP BET

When it comes to betting in Vegas, you might want to consider a type of bet that not many people do in Vegas… and that’s buying shares in a Vegas casino resort like the Wynn Resorts. Currently shares in the Wynn Resorts are on the up after a 52 week low, so would you bet on their shares?

The Wynn Resorts have been hit by the economic crisis in America and of course that means less people are coming to Vegas. This has affected all Vegas casino resorts. Las Vegas has recorded its 15th straight month of decline in revenue (which is its worst in Vegas history) and in the 1st quarter, the Las Vegas VIP casino, the Wynn, has lost nearly $34 million.

Here’s the interesting part… the stocks of the Wynn Resorts has doubled and this is mainly due to the Macau market improving and because the Wynn has been reducing its debts. The situation in Macau has made things good for the Wynn group. Gaming figures improved in March there while casino projects that are under construction have stopped due to funding. The Wynn’s project in Macau, the Encore Macau, should open in 2010 and it is one of a few projects that are fully funded, meaning no delays in getting it ready.

Wynn has done very well in Macau which is a very competitive gambling market. So you are seeing a gambling operator in the Wynn that is doing well at a time when the market is down. To bet on the Wynn stock you will have to believe that the number of visitors to Vegas and Macau will increase greatly next year. Since it’s down this year, do you think it will be better next year? It’s a difficult question to answer.

The guys in Wall Street are unsure themselves but by the current status, they are positive about the Wynn shares. The Wynn makes most of its money in Macau so if you know a lot about that market then it might be a good stock to invest in.