Connect with us

Hi, what are you looking for?

Jewish Business News


Wynn Keeps Winning In Vegas

– –

Casino Couture to Benefit the Princess Grace Foundation


Wynn Resorts is back, and so is Las Vegas. The casino operator is trouncing the competition with revenue that increased 12.5% and cash flow up 18% since last year. Wynn has the advantage of having more high-end casinos whereas the middle-brow players are faltering. Also, Macau, the Asian Vegas has been challenged of late with increased regulations and a host of other issues. Casino companies who invested huge in Macau are seeing a slowdown, where as Wynn, with enough exposure to Vegas to thrive, is seeing upside.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

While middle-income customers are tightening their belts, high end customers keep spending. Wynn Las Vegas appeals to these customers, as it shares with Encore the distinction of having the most five star awards than any casinos in the world. Las Vegas Sands, as its name suggests, has a large presence in Sin City, but Wynn is getting more for its smaller size. Wynn’s revenue from a single property exceeded that from several of MGM’s locations combined, and its EBITDA was greater than the 6 MGM casinos.

CEO Steve Wynn was instrumental and revitalizing the Las Vegas Strip in the 1990s. As a leading force in the casino industry, he has come a long ways since helping his father, Michael Weinberg, run bingo parlors in New Haven Connecticut.


Wynn Las Vegas / Getty




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.