Is Wynn Resorts the Secret Winner on the Las Vegas Strip?

Caesars Entertainment  (CZR) – Get Caesars Entertainment Inc Report and MGM Resorts International  (MGM) – Get MGM Resorts International Report have taken a more-is-better approach to the Las Vegas Strip. Both companies own a variety of properties that cater to different levels of customers.

MGM, for example, has Excalibur and Luxor to reach lower-end customers and MGM Grand, Mandalay Bay, Bellagio, and Cosmopolitan at the higher end. It also has New York New York in the middle tier. The company, of course, does not break its resorts into tiers, but it’s fair to say it offers hotel rooms at its casinos at a variety of different price points.

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