Baron Funds Comments on Wynn Resorts

Nov 06, 2013

Wynn Resorts Ltd. (WYNN, Financial) owns and operates high-end casinos in Macau and Las Vegas. Wynn's shares increased as the company recognized ongoing growth in its Macau operations and improvements in Las Vegas. In addition, management continued to demonstrate an impressive ability to control costs and improve margins and overall profitability. Investors are also optimistic about the prospects of a large new casino that Wynn expects to open on Macau's Cotei Strip in 2016, as well as the possibility that Wynn may be granted additional domestic gaming licenses.

From Ron Baron's Baron Funds third quarter 2013 report.

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