Articles tagged “wynn resorts”

MGM Resorts International and Las Vegas Sands aren’t writing off Macau, but they also aren’t solely focusing on China’s gaming hotspot for growth in Asia.

Increased oversight from Chinese regulators in Macau threatens a massive financial hit to U.S. gaming resort operators. But don’t expect this to lead to a mass exodus to other gaming markets in Asia.

Travel companies increasingly looked to go public via SPACs this year, but the exuberance might be short-lived as a slowdown is likely in the U.S. Regulators are already looking into the explosion of activity.

Casino companies like Wynn Resorts accelerating their push into online gaming isn't a sign sprawling gaming resorts are endangered species. This is about reaching customers who aren't the type to spend a few days in Las Vegas or Macau.

Unite Here, one of the largest North American labor unions, is angry at hotel companies for laying off a bulk of their workforce during the pandemic. But companies like Wynn Resorts and Omni are pushing back against what they see as unfair criticism.

Can the show go on in Sin City while so many events and conventions can’t? Sure — if you have a few billion in the bank to tide your resorts over for a year.

Vegas casino operators may care more about occupancy over daily rates in the initial recovery, but prolonged room discounts can alter guest rate expectations — and sink hotel revenue streams for the long-term.

We can only hope that a large portion of Steve Wynn's $34 million compensation from last year will go to his multiple alleged victims.

Travel isn't as big a political player as some other industries, but major players wield significant influence over political candidates and the issues surrounding airports and hotels. More transparency is a good thing, particularly for shareholders who may fear a decline in stock value due to political positioning based on the whims of a company's CEO.