Wynn Macau Is 'Top Pick,' Bernstein's Umansky Says

The video discusses the focus on mass market versus VIP in Macau, highlighting the growth potential in the mass market due to economic improvements. It projects high single-digit growth for the mass market, while VIP growth remains uncertain. Despite this, VIP contributes less than 20% to profitability. The video also identifies Macau as a top pick due to its market dynamics and strategic positioning.

What is the predicted growth rate for the mass market in Macau next year?

• 20-30%

• Low single digits

• No growth

• High single digits

What factor could potentially accelerate the growth of the mass market in Macau?

• Reduction in gaming regulations

• Increase in taxes

• Improvement in the Chinese economy

• Decrease in tourism

What percentage of profitability does the VIP market currently represent?

• More than 70%

• 50-60%

• 30-40%

• Less than 20%

What is the main reason Macau is considered a top pick?

• Inflection in JGR and high beta play

• Decrease in competition

• Stable VIP market

• Government incentives

Which operator is mentioned as a high beta play for the next 12 months?

• Caesars

• MGM

• Wynn

• Sands