WYNN - Rebounce - Swing MAR Options

• Friday 10:51 AM "We give credit to appropriate parties in appropriate amounts," says Steve Wynn on WYNN's earnings conference call, dismissing concerns a rise in receivables (18% Q/Q) has anything to do with deteriorating customer credit quality. "Credit and marketing are 2 separate subjects ... the alternative to that strategy is very disastrous."
  

• Thursday 4:31 PM More on Wynn Resorts (WYNN): Q4 beats on a per share basis but comes up just shy on revenue. Profit increased 8.6% Y/Y driven by a 9.1% increase in revenues from its Macau Operations and a 7.2% increase from Las Vegas. The company also declared a $0.50 dividend payable on March 1.
  

• Thursday 4:10 PM Wynn Resorts (WYNN): Q4 EPS of $1.55 beats by $0.16. Revenue of $1.34B (+9% Y/Y) misses by $19M.
  

• Tuesday 4:40 PM Wynn Resorts (WYNN) may trail peers in its growth prospects since it’s being less aggressive in Cotai, the new Macau gambling hotspot, but it throws off lots of cash and offers a healthy dividend, CLSA writes. With Wynn’s “somewhat recurrent special dividend," its recent yield has been 5%-6%, more than enough for dividend-hungry investors.