Report
Dan Wasiolek
EUR 101.80 For Business Accounts Only

Recent Proposals for Japanese Integrated Resorts Could Negatively Affect Revenue Opportunity

We think recent recommendations proposed by Japan’s government-appointed integrated resort panel could restrict gaming demand on the island nation, if stringently enacted, leading to reduced capital expenditure and lower tourism (one of Japan's main goals is increasing tourism). These recommendations include, but are not limited to, restricting a resort’s gaming area to 15,000 square meters and limiting the number of times Japanese people can visit casinos. That said, we expect debate around the...
Underlying
Wynn Resorts Limited

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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.

We have operations in 27 countries.

Analysts
Dan Wasiolek

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