Best Stocks of the Bull Market #4: Wynn Resorts (WYNN)
Market Capitalization: $25.1 billion
Total Return Since 3/9/2009: 2,117%
Wynn Resports (WYNN) is a major casino player that has cashed in big-time on the rapid growth of gaming in Asia via expansion into Macau, a region controlled by China.
Wynn was one of the first casinos to push into Macau, operating under a 20-year agreement with the government there. It opened its first casino there in late 2006, and while the world was captivated with the financial crisis it forgot about the rapid growth of Wynn in this region.
Powered by its Asia operations, which have only grown in the last few years, WYNN stock has exploded more than 20-fold. No surprise, as its net income has soared from a mere $39 million in 2009 to $777 million in net income last year — proving the big investments in Asia were worth it.