hard rock casino valet“We would expect to see Wynn stock re-rate if Biden wins the presidency.Bonds issued by New Jersey’s Casino Reinvestment Development Authority have been downgraded by Fitch Ratings.The bank anoints Wynn stock as its new favored cyclical idea.gta 5 online horse racingThat’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.As 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.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.hallmark casino code

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