Wynn
Another day - down another 7%
It is another Sonatine 401k day in fairness.
Wynn
Another day - down another 7%
It is another Sonatine 401k day in fairness.
What?
This shitty casino stock is heading straight back to 10/23/18 $110 price level?
The casino index (Ex: BJK) lagging Yuuge vs any other measure?
You want to short something like Wynn before Boston’s results (layoffs) or the closing of Macau because of Chinese Corona?
Ok
As Krypt hilariously once said, “I can’t push the buttons for you”
This dog just might drill in a spectacular way. Cash out or ride to zero?
prahlad woulda done it for 100..
My life’s work has been preaching the “big box brick & mortar casino paradigm is dead”. I’ve been on this for close to a decade.
My nonsense on the subject is all over this site. The Wynn Boston has the full catalogue of reasons. I gotta find the best thread.
Cliffs
$1.2b. The daily cash flow needed is never going to happen or be sustainable
Increased competition inside Mass and neighboring states. This is just kinda basic.
Online wagering (Most recently NH) satisfies that public. gambling jones and takes $ Wynn is hoping to capture. Oh well.
Little casinos are going to occupy abandoned municipal libraries. There will be more actually.
Examine the Buffalo Wild Wings dream of wings. booze and wagering. That shit is going to happen. MGM has partnered with fast casual dining. So explain to me why I’m going to Boston. For overpriced lonch?
Millenials don’t do slots. There is a shift toward expanding sports books (subtract slot space) and fitting them out like fast causal dining. A place where people hang out and wager. This is more the Millenial experience. However, you don’t need to build a casino for this experience.
Steve Wynn was a genius in Vegas in the ‘90’s. A man of his times. Bigger. More glamorous. That model is defunct as the landscape is entirely different. The creepy blind fuck had to promise an overblown project to gain legislative approval. Anything less grand never would have happened. He had to promise local jobs at ridiculous wages. Local service businesses saw their help RUN to the overpaid Wynn. The Boston Globe was fascinated by this disruption in wages.
They promised too much for acceptance and the numbers don’t work. Competition just increases every year.
This short last week was a virus play (Macau) with Boston earnings at a market top in a bad industry. It’s already plus money but you might want to get your boating license and name your new Boston Whaler the sanlmar.
Macau Tourist Arrivals From China Plunge 80% in Blow for Casinos
By Richard Frost
January 27, 2020, 12:39 AM EST
$125.50
Work to do
From yesterday- excellent piece
https://seekingalpha.com/article/431...yet-to-pay-off
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