Wynn Resorts Limited (WYNN) today reported third-quarter earnings of 28 cents per share. Adjusted earnings were 33 cents. The results are ahead of the Zacks Consensus Estimate of 14 cents. The company had earned 49 cents (adjusted earnings of 62 cents) in the year-ago quarter. Net revenues were $773.1 million compared to $769.2 million in the prior-year period. Results were driven by the opening of Encore at Wynn Las Vegas in Dec. 2008. However, due to a challenging economic environment, consumers continued to curb their gambling. Casino revenues in Las Vegas were flat year-over-year, while non-casino revenues increased 18% from the prior-year period, driven primarily by higher hotel and food and beverage revenues from Encore. Though hotel revenues were up as a result of the addition of 2,034 suites at Encore, we note that average daily rate, occupancy levels and revenue per available room (RevPAR) ...

DrStockPick.com Stock Report!

Tuesday August 18, 2009

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Comcast Corporation (Nasdaq: CMCSA, CMCSK), the nation’s leading provider of entertainment, information and communications, today announced that customers who subscribe to its Triple Play of digital cable, high-speed Internet and digital voice services in Michigan can now view incoming caller information on their TV and computer screens with the launch of the Universal Caller ID(TM) service.

American Oriental Bioengineering, Inc. (NYSE: AOB), a pharmaceutical company dedicated to improving health through the development, manufacture and commercialization of a broad range of prescription and over the counter (”OTC”) products in China, today announced that two of AOBO’s branded products, Jinji Capsules and Boke Nasal Spray, were

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Two years ago, the pundits were agog over the prospects of the former Portuguese enclave of Macau. Fueled by fast-earned money burning a whole into the collective pockets of the nouveau riche Chinese middle class, Macau surpassed the Las Vegas Strip as the world’s most lucrative casino market. But growth has stalled… not just in Macau but everywhere businesses depended on drunk sales reps blowing little Pugsley’s college fund at the blackjack table during a convention.

To stay in Vegas, you’d have to get to Vegas. And that costs money no-one is willing to spend right now. Accordingly, the supposedly recession-resistant vice stocks are taking it on the chin. Just yesterday [Thursday], we claimed our own 25% short profits share from the collapse of Las Vegas Sands (LVS) share price.

Today, I’d like to direct your attention to Wynn Resorts, Limited (NASDAQ:WYNN).

When it came to the subject of Macau,

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