How Wynn Resorts Could Unlock Billions of Dollars
Casino companies have been riding the slow and steady gambling growth of the industry over the past decade, and that's helped slowly improve operations. However, billions of dollars of value has been unlocked by companies like Penn National Gaming, MGM Resorts (NYSE: MGM), and Caesars Entertainment (NASDAQ: CZR) by selling real estate to REITs.
Selling real estate allows companies to unlock cash immediately to pay down debt or return funds to shareholders. Wynn Resorts (NASDAQ: WYNN) is one company that's thus far held on to most of its real estate, an opportunity it could use to unlock billions of dollars on the balance sheet and give it a boost.
Image source: Wynn Resorts.
Source Fool.com
