Resorts and Casinos

Caesars Entertainment Corporation (NYSE: CZR) – FYE 12/2016

Las Vegas Sands Corporation (NYSE: LVS) – FYE 12/2017 FAIRLY VALUED The stock is currently trading at levels in line with my most recent $74 fair value estimate. Please See Linked Worksheet
Posted on 03/31/18

MGM Resorts International (NYSE: MGM) – FYE 12/2016

Penn National Gaming, Inc. (Nasdaq: PENN) – FYE 12/2016

Wynn Resorts, Ltd. (Nasdaq: WYNN) – FYE 12/2016

Please note that worksheets are updated basis the most current SEC 10-K ANNUAL filing.