Case #30
Read Case #30- Wynn Resorts and answer the following questions:
By:
Janice Jenkins
June 9, 2013
1. What is the importance of Mr. Steven Wynn himself, to the Wynn Resorts company?
Steve Wynn followed his passion as an entrepreneur and has changed the world of gaming. He has become the most talented casino gamer the world has ever seen. His patient, the man that he became has earned him a spot in the gaming world that can never be taken away from him He chose to make a smart move by purchasing the Desert Inn, and within eighteen, weeks he closed the Inn. He developed the Las Vegas casino which is worth billions of dollars in today’s market. His brilliant billion dollar strategy plan makes him powerful to the Wynn Resorts company. This may have been the best strategy that he decided to sell the Desert Inn in eighteen weeks. Now, to take the $270 million that he earned and reinvested it into what may be now, a billion dollar company that could be considered as grand. He made his initial investment into what now the Wynn Resorts Limited public. By 2004, the investments that he made allowed the Resort to become worth billions of dollars, double his net worth. By April 2005, Mr. Wynn made an investment in his Wynn Resort in Las Vegas, which became the most expensive Resort. Its location, which stand’s on the site that the former Desert Inn once stood may be worth billions. One of three largest gaming concessions, Wynn made a wise successful bid for it in Macau. This Special Administrative Region located in China has the world largest and longest history in the gaming market throughout the world. It surpasses Las Vegas, but it became known as Wynn Macau, which opened in September of 2006, became Mr. Steve Wynn most important investment of the Wynn Resorts. The newest Wynn Resort investment began in Encore Las Vegas, in 2008. This tower of Encore Resort became a model after the heart of the Wynn Las Vegas tower, which shares the same property although
By:
Janice Jenkins
June 9, 2013
1. What is the importance of Mr. Steven Wynn himself, to the Wynn Resorts company?
Steve Wynn followed his passion as an entrepreneur and has changed the world of gaming. He has become the most talented casino gamer the world has ever seen. His patient, the man that he became has earned him a spot in the gaming world that can never be taken away from him He chose to make a smart move by purchasing the Desert Inn, and within eighteen, weeks he closed the Inn. He developed the Las Vegas casino which is worth billions of dollars in today’s market. His brilliant billion dollar strategy plan makes him powerful to the Wynn Resorts company. This may have been the best strategy that he decided to sell the Desert Inn in eighteen weeks. Now, to take the $270 million that he earned and reinvested it into what may be now, a billion dollar company that could be considered as grand. He made his initial investment into what now the Wynn Resorts Limited public. By 2004, the investments that he made allowed the Resort to become worth billions of dollars, double his net worth. By April 2005, Mr. Wynn made an investment in his Wynn Resort in Las Vegas, which became the most expensive Resort. Its location, which stand’s on the site that the former Desert Inn once stood may be worth billions. One of three largest gaming concessions, Wynn made a wise successful bid for it in Macau. This Special Administrative Region located in China has the world largest and longest history in the gaming market throughout the world. It surpasses Las Vegas, but it became known as Wynn Macau, which opened in September of 2006, became Mr. Steve Wynn most important investment of the Wynn Resorts. The newest Wynn Resort investment began in Encore Las Vegas, in 2008. This tower of Encore Resort became a model after the heart of the Wynn Las Vegas tower, which shares the same property although
References: 2010 April « PRACTICAL STOCK INVESTING. (n.d.). Retrieved from http://practicalstockinvesting.com/2010/04/ Casino tycoon Steve Wynn to address interest in potential ... (n.d.). Retrieved from http://www.bostonglobe.com/metro/2012/11/28/casino-tycoon-steve-wynn-address-interest-potential-everett-casino-site-wednesday/s1eMhh3z4MbUYPfFNRsgLN/story.html COLUMN: Steve Miller. (n.d.). Retrieved from http://www.stevemiller4lasvegas.com/LikeAGoodNeighborSteveWynnIsThere.htm WYNN RESORTS: MGT 340 by Chris Weber on Prezi. (n.d.). Retrieved from http://prezi.com/sghjgtmxsz1e/wynn-resorts-mgt-340/ Wynn Resorts on the Forbes Global 2000 List. (n.d.). Retrieved from http://www.forbes.com/companies/wynn-resorts/