Wynn Macau (HKSE:01128, Financial), which is majority-owned by parent company Wynn Resorts, owns and operates two luxury hotel and casino resorts in the Macau region of China. We believe Wynn owns the some of the most luxurious properties in Macau and is among one of the segment’s most efficient operators. The company’s share price fell following the temporary closure of Macau’s casinos during the coronavirus outbreak, and we used this opportunity to establish a position.
From David Herro (Trades, Portfolio)'s Oakmark Intl Small Cap (Trades, Portfolio) Fund first-quarter 2020 shareholder commentary.
