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palace station casino las vegas2 billion, more than triple the company’s market capitalization of 6.We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.BBB ratings indicate a low default risk, but “adverse business or economic conditions are more likely to impair this capacity.big fish casino level up fastAs such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.67 a share in value to Golden stock.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.hard rock hotel and casino

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hard rock casino food courtBull Case for the PatientMorgan Stanley analyst Thomas Allen lays out a bull case for Wynn stock.”The downgrade of CRDA’s luxury tax revenue bonds to ‘BBB’ from ‘BBB+’ reflects the severity of pledged revenue declines in 2020, the likely slow trajectory of the recovery for casino and other entertainment activity in Atlantic City, and thus luxury tax receipts, and the resulting higher vWynn Resorts (NASDAQ:WYNN) is starting November on a strong note.He said there’s also potential with the company’s small, but growing, sports wagering operation.The Wynn Macau integrated resort.That, coupled with President Trump’s heavy-handed approach to relations with China, are among the factors weighing on Wynn stock this year.admiral casino no deposit bonus 2021