The Macao market is now up 15% year-over year. Analysts forecast EPS growth averaging 15.6% annually for the next half decade. Wynn's Macau facilities (Wynn Macau and the Encore at Wynn Macau) generate substantial discretionary free cash flow of between $900 million and $1 billion per year, according to Fitch Ratings, a credit rating agency. That money is expected to be spent on funding the new $4 billion Wynn resort in Macau's Cotai district and paying dividends to shareholders. Wynn Resorts is trading at a forward P/E of 20.3x, which compares to the ratio of 18.7x for its main rival Las Vegas Sands (NYSE:LVS). The company's dividend yield of 1.7% is lower than that of Las Vegas Sands' at 2.2%. Wynn's dividend payout ratio is 39%. The stock is down 11% over the past year.