Macau’s Growth Opportunity Unchanged After Announcement of ATM Withdrawal Limit
We do not plan to adjust our fair value estimates for our Macau-exposed casino operators, as we don’t expect a meaningful impact from the Monetary Authority of Macau’s announcement that the daily ATM withdrawal limit will be reduced to MOP 5,000 ($626) from MOP 10,000. We reiterate our view that Macau gaming revenue will only gradually improve until 2018, when key infrastructure projects come on line that alleviate the region's capacity constraint issues. Further, we remain constructive on the g...Wynn Resorts is a holding company. Through its subsidiaries, the company is a designer, developer, and operator of resorts featuring hotel rooms, retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming. Through its subsidiary, Wynn Macau, Limited, the company operates two integrated resorts in the Macau Special Administrative Region of the People's Republic of China, Wynn Palace and Wynn Macau. In Las Vegas, NV, the company also operates and, with the exception of certain retail space, own Wynn Las Vegas and Encore Boston Harbor, an integrated resort in Everett, MA, adjacent to Boston.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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