Articles tagged “wynn resorts”

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.

Perhaps more important than who might eventually wind up buying Wynn is what a buyer would have to do with the brand's tarnished image.

Wynn's departure has us thinking about another hotelier (a hotel brand, really) with much less success in the gaming industry, and even more proof of having committed assaults against women. But, alas, it's proving much tougher to get him to resign.

Yet again, Steve Wynn keeps winning, as are his gaming counterparts. Marriott CEO Arne Sorenson, who managed to win an all-out battle for Starwood last year, was the top-ranked non-gaming CEO.