Casino mentality

22 September 2009 By John Foley

Gaming mogul Steve Wynn plans to float his Macau business for 34 times earnings, a premium to listed peers. That buyers will pay such prices is hard to square with reality, even in China s Las Vegas. Speculative fever has spilled out of the casino and into the stock market.

This content is for Subscribers only

To access full content you must be a subscriber. Please use the following link to request a trial.


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)