5 Best Casino Stocks For 2016

5 Best Casino Stocks For 2016: Wynn Resorts Limited(WYNN)

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes approximately 22 food and beverage outlets comprising 5 dining restaurants; 2 nightclubs; 1 spa and salon; 1 Ferrari and Maserati automobile dealership; wedding chapels; an 18-hole golf course; meeting space; and foot retail promenade featuring boutiques. Wynn Las Vegas casino resort also features approximately 147 table games, 1 baccarat salon, private VIP gaming rooms, 1 poker room, 1,842 slot machines, and 1 race and sports book. It also owns and operates an Encore at Wynn Las Vegas resort, a destination casino resort located adjacent to Wynn Las Vegas that features a 2,034 all-suite hotel, as well as a casino with 95 table games, 1 sky casino, 1 baccarat salon, private VIP gaming rooms, and 778 slot machines. In addition, the company operates Wyn n Macau casino resort located in the Macau Special Administrative Region of the People?s Republic of China. Wynn Macau casino resort features approximately 595 hotel rooms and suites, 410 table games, 935 slot machines, 1 poker room, 1 sky casino, 6 restaurants, 1 spa and salon, lounges, meeting facilities, and retail space featuring boutiques. Further, it operates Encore at Wynn Macau resort located adjacent to Wynn Macau. Encore at Wynn Macau resort features approximately 410 luxury suites and 4 villas, as well as casino gaming space, including a sky casino consisting of 60 table games and 80 slot machines, 2 restaurants, 1 luxury spa, and retail space. The company was founded in 2002 and is based in Las Vegas, Nevada.

Advisors' Opinion:

• [By Bradley Seth McNew]

  Wynn Resorts (NASDAQ: WYNN  ) could be a very strong dividend bet. In the! most recent quarter, Wynn management raised the quarterly dividend payouts, and also announced a special dividend of $1.00. The stock now pays $6.00 per share per year.

• [By Travis Hoium]

  There's a lot of uncertainty in the industry right now, especially for those with exposure to Macau, the world's largest gaming market. Gambling by high rollers has fallen off a cliff in the past six months due in part to a crackdown on corruption within Mainland China, and partly due to a general slowing of Asia's economic growth. As a result, gaming companies like Wynn Resorts (NASDAQ: WYNN  ) , Las Vegas Sands (NYSE: LVS  ) , and Melco Crown (NASDAQ: MPEL  ) , who get most or all of their revenue from Macau have seen their stocks drop.

source from Top Stocks For 2015:http://www.topstocksblog.com/5-best-casino-stocks-for-2016.html