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Bear Case Scenario Wynn Resorts $WYNN

Wynn still has large exposure to the Las Vegas Strip which is not the place to be for now.

Wynn is exposed to the fortunes of war in the Chinese economy. The China economic bubble may shrink or even burst.

China and other Asian powers may decide to establish rival gambling dens. Exclusivity will disappear.

Cotai strip casinos will take share until Wynn opens up in 2016. That’s a very long time in the gambling business.

George Gutowski writes from a caveat emptor perspective.

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