Dan Wasiolek

Dan Wasiolek is a senior equity analyst for Morningstar.

More From Dan Wasiolek

We think fears regarding the company's near-term profitability are exaggerated.

Serious allegations have been levied against Steve Wynn; for now we maintain our fair value estimate and moat rating on the casino resorts operator.

Its network and efficient scale advantages are intact, despite exaggerated disintermediation fears.

Mark Okerstrom (currently CFO) will become the company's next CEO, replacing Dara Khosrowshahi, who is leaving to head Uber.

We plan to raise our fair value for the wide-moat firm as further food quality improvements and other initiatives should be able to drive growth in the medium term.

After healthy December visitation growth and strong upcoming bookings, we're maintaining our fair value estimate for Wynn.

With shares trading at a 30% discount to our $70 fair value estimate, we believe the market has become too pessimistic on the narrow-moat online travel company.

More About Dan Wasiolek

Dan Wasiolek is a senior equity analyst for Morningstar. He covers gaming, lodging, and online travel for the consumer team. Names covered within the gaming industry are Wynn Resorts, Las Vegas Sands, MGM Resorts, Caesars Entertainment, Penn Entertainment, and DraftKings. In the hotel industry, he covers Marriott, Hilton, InterContinental, Hyatt, Wyndham, Choice, and Accor. Other travel-related names under his coverage are Booking Holdings, Expedia, Airbnb, Tripadvisor, Sabre, and Amadeus.

Before joining Morningstar in 2014, Wasiolek spent 16 years as an analyst and portfolio manager covering US mid- and large-cap strategies for Driehaus Capital Management. During the first half of his time at Driehaus, his responsibilities as an analyst included analyzing and recommending stocks across all sectors and industries for inclusion in the portfolios. Then in the second half of his tenure at Driehaus, he was responsible for stock selection and portfolio management of the US mid- and large-cap strategies, as well as comanaging in-house smaller-cap portfolios.

Wasiolek holds a bachelor’s degree in business administration from Illinois Wesleyan University and a master’s degree in business administration, with a concentration in finance, from the DePaul University Kellstadt School of Business.

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