Resorts ( WYNN +2.7% ) followed rivals in Macau by discounting to the mass market which helped drive up traffic and sales. Steve Wynn says the company still trails the levels of discounting of peers by a decent margin, but saw business "run" back to it
industry. Wynn Resorts was founded by Steve Wynn , one of the most successful entrepreneurs ..... the board of directors declassified. Steve Wynn at times earlier in his career has commingled ..... and the horse, with a strong leader in Steve Wynn and a strong company with a durable competitive
the greatest strategic blunders in the history of the casino industry, in the mid-2000s Loveman rejected Wynn Resorts CEO Steve Wynn 's offer to sublicense to Caesars a gaming license in the Macau market, with Loveman deeming the $900 million subconcession
I toured Cotai in 2010, I recall being overwhelmed by the sheer powerful presence of its big-time, VIP game players. Steve Wynn was in town that day for a grand opening and serious, hard-core gamblers were all there were. VIPs would spend millions
Program, Friday November 30. Bullish Calls: Wynn Resorts ( WYNN ) : “I think China is coming back. I’m a believer in Steve Wynn (the CEO).” Rentech Nitrogen ( RNF ): “With that yield ... I do want to scale into it. I think it is very good
s ready to burn, to quote Elvis Presley, and American casino companies have been clamoring for a piece of the action. Steve Wynn opened a casino in Macau in 2006 and now makes most of his profits there, says The New Yorker. Sheldon Adelson built Sands Macau in
according to Forbes magazine), struck first with Sands Macao, a relatively modest 40-room complex in 2004. His rival, Steve Wynn , the flamboyant CEO of Wynn Resorts, responded in 2006 with Wynn Macau, a $1.2- billion resort so large it was opened
(Reuters) - Wynn Resorts Inc said the U.S. securities regulators launched an "informal inquiry" into the casino company's $135 million donation to the University of Macau founder Steve Wynn .
million. Adjusted property EBITDA margins increased 160 basis points to 31.1% due to a leveraging of fixed costs. CEO Steve Wynn indicated that Wynn Macau was off to an extremely strong start in the fourth quarter, with EBITDA at $73 million for the
HONG KONG (Reuters) - Shares in Macau casino operators Galaxy Entertainment Group Ltd and Wynn Macau Ltd , a unit of casino magnate Steve Wynn 's Wynn Resorts Ltd , jumped on Wednesday after strong...