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Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn, and is now run by CEO Matthew Maddox. As of 2020, the company has developed six properties.^[1] Most notably, its flagship Wynn Las Vegas and Encore Las Vegas have each earned Five-Star status on the 2020 Forbes Travel Guide (FTG) Star Rating list and are now the largest and second largest FTG Five-Star resorts in the world, respectively. Wynn Palace, originally earning FTG Five-Star status in 2018, is the third largest.

History[edit]

In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million.^[3]

Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation.^[4] Wynn, together with Universal subsidiary Aruze USA, controlled almost half the stock, making it harder for outside investors to exert control, as they had done at Mirage in response to Wynn's prolific spending.^[3][5]

Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.^[6]

Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002. The company's first project, Wynn Las Vegas, opened on April 28, 2005.

Wynn Macau, the company's second project started construction on June 28, 2004. It opened September 5, 2006 and is now the largest-grossing casino in the region.

Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas. Encore at Wynn Macau, the company's second project on the Macau Peninsula, Macau, People's Republic of China, opened on April 21, 2010. A second resort in Macau, Wynn Palace on the Cotai Strip, opened August 22, 2016.

Wynn bought 52 acres (21 ha) of the Cotai Strip in Macau where he hoped to break ground in 2012 for Wynn Cotai for a 2013 or early 2014 opening.^[when?]

The company considered opening a casino as part of the Entertainment City development in the Philippines, but decided against it because of corruption in the country's gaming industry.^[5] Okada decided to proceed with the project alone, leading to the rupture of his partnership with Wynn. The dispute went public with reciprocal accusations of corrupt practices. Wynn and his allies accused Okada of bribing Philippines gaming regulators with over $110,000 in benefits, including free nights in a luxury suite at Wynn Las Vegas, while Okada claimed that Wynn Resorts' record $135 million donation to the University of Macau constituted a bribe.^[4][7] Okada resigned as vice chairman in October 2011, and the following February, after a company investigation by the Freeh Group confirmed the charges against him, the board of directors forced Aruze USA to sell back its shares at a nearly 30% discount.^[4] Aruze had been the company's largest shareholder, with a 19.7% stake.

On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts on the Mystic River, just north of Boston. This project will be known as Encore Boston Harbor and was scheduled to open in 2019.^[8]

On February 6, 2018, Steve Wynn resigned as CEO of the company amidst sexual allegations and was replaced by Matthew Maddox.^[9] Amid sexual harassment lawsuits involving directors, Maddox announced the planned departure of two board members, Ray Irani and Alvin Shoemaker, on March 7, 2018. The departure of Irani and Shoemaker was to reassure investors that the corporate culture was changing.^[10] In April 2018, the company nominated three women to the board of directors: Dee Dee Myers, Betsy Atkins, and Wendy Webb.^[11]

Talks between Wynn and Crown Resorts of Australia for a $7.1 billion offer collapsed in April 2019; analysts saw the bid as an attempt to diversify away from Macau, where its license may expire in 2022.^[12]

On May 28, 2019 Wynn paid a $ 35 million fine to the Massachusetts Gaming Commission and the $500,000 fine placed on Matthew Maddox.^[13]

With 22 FTG Five-Star hotels, spas and restaurants collectively across its global portfolio, Wynn Resorts holds the most FTG Five-Star awards of any independent hotel company in the world. Wynn Macau is the only resort worldwide with eight individual FTG Five-Star awards, for the fourth consecutive year in 2020. Wynn Resorts was named to FORTUNE Magazine's 2020 World's Most Admired Companies list in the hotel, casino and resort category, ranking first overall in the category of Quality of Products/Services among all international hotel companies.^[14]

In 2019, Wynn Las Vegas became the only casino resort in Las Vegas to be certified as a 'Great Workplace' by Great Place To Work, an independent evaluator of corporate culture and employee fulfillment based on anonymous employee surveys.^[15]

Economic performance[edit]

The Encore in Las Vegas opened shortly after the beginning of the Great Recession. Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to the original 190 tables and 2000 slots), net casino revenues for the combined resort were initially lower. Similarly, in the first quarter of 2009, net revenues of the Macau operations declined. Following the global economic recovery, performance of the Wynn properties also recovered. Wynn remained the only gaming operator to not perform mass layoffs during the recession.^[16] In 2017 CNBC reported that Wynn’s stock was up 44% for the year and that Wynn’s Macau operations were the leading US-based resorts there.^[17]

Properties[edit]

Properties in the United States[edit]

Las Vegas Strip, Nevada[edit]

Everett, Massachusetts[edit]

Properties in China[edit]

Cotai Strip, Macau[edit]

Former properties[edit]

Las Vegas Strip, Nevada[edit]

References[edit]

1. ^ ^ab'Two of a kind'(paper), Fortune, p. 22, 29 April 2013
2. ^'US SEC: 2019 Form 10-K Wynn Resorts, Limited'. U.S. Securities and Exchange Commission. February 28, 2020. Retrieved May 26, 2020.
3. ^ ^abPalmeri, Christopher (26 April 2005). 'The revenge of Steve Wynn'. MSNBC. Retrieved 3 March 2012.
4. ^ ^abcBradsher, Keith (2 March 2012). 'Wynn Resorts Partners Split, and Accusations Fly'. The New York Times. Retrieved 2 March 2012.
5. ^ ^abSieroty, Chris (21 February 2012). 'Okada wants court to stop stock seizure; Wynn says game over'. Las Vegas Review-Journal. Retrieved 2 March 2012.
6. ^Stutz, Howard (18 March 2008). 'Wynn loses company president'. Las Vegas Review-Journal. Retrieved 16 January 2013.
7. ^Louisiana Municipal Police Employees' Retirement System v. Wynn, p. 7 (9th Cir. July 18, 2016). Text
8. ^http://www.wbur.org/2014/09/16/wynn-everett-casino-proposal-preferred
9. ^Kirkham, Chris (2018-02-07). 'Steve Wynn to Step Down as Wynn Resorts CEO'. Wall Street Journal. ISSN0099-9660. Retrieved 2018-02-07.
10. ^'New Wynn CEO says 2 board members leaving, Wynn brand strong'. Las Vegas Review-Journal. 2018-03-07. Retrieved 2018-03-19.
11. ^'Wynn Resorts Adds Three Women to Board in Post-Scandal Shake-Up'. Bloomberg.com. 2018-04-18. Retrieved 2020-09-17.
12. ^Ese Erheriene (May 7, 2019). 'Casino Boom in Asia Pressures Vegas Operators: Region's new venues aim to draw gamblers beyond Macau, U.S. giants' longtime hub'. Wall Street Journal. p. B5.
13. ^Dumcius, Gintautas (May 28, 2019). 'Wynn Resorts, CEO Matt Maddox won't appeal Mass. fines and conditions'. Boston Business Journal. Retrieved May 29, 2019.
14. ^https://fortune.com/worlds-most-admired-companies/2020/wynn-resorts/
15. ^https://www.hospitalitynet.org/news/4096476.html
16. ^Kiviat, Barbara (2009-04-27). 'When Companies Opt for Pay Cuts Instead of Layoffs'. Time. ISSN0040-781X. Retrieved 2018-03-19.
17. ^'Steve Wynn doubles down on Macau with new $4B casino'. CNBC. Retrieved 2018-03-19.

External links[edit]

Open since 2005, the Wynn is one of Las Vegas’ finest jewels. Built by Steve Wynn, the same man who built the Bellagio and the Mirage, the Wynn has the most upscale aura in town and it feels as much like a mansion as a casino.

The main theme of Wynn casino is that it is simply gorgeous, using red as its primary color. Red is the color of the walls, slot chairs, tables and many of the staff uniforms. On top of the decor, the Wynn features numerous views of gardens, lakes, and waterfalls both inside and outside the casino.

The Wynn draws in a ton of tourists that are either staying here or just want to see what the hype is all about. Given all the party options there are at Wynn, it can get pretty rowdy at night. It’s also one of the most preferred casinos for high limit gamblers, and because everything about the Wynn is top notch, plenty of locals hang out there too.

The Wynn is located on the Northern side of Las Vegas Blvd just across from Palazzo. As you go further north, it’s a bit of a walk till you reach the next casino. By the time you do, you’ll have passed a great spot to get some late night inexpensive chow in Tacos El Gordo, along with some souvenir stores and other local shopping. However, this area of town is a bit seedy. The areas to avoid in Las Vegas are the edges of the strip, and that’s kind of what this is because of the large gap between casinos.

The general rule is the further you go north the more seedy Las Vegas gets, and the Wynn is essentially the cutoff point to where the North begins. So, its location isn’t the best because even if you walk south towards the central part of the strip, while it’s only a short a while to get there it still requires that extra effort.

This is important to consider because the hotel, while it’s affordable, it is not exactly cheap. If your plan is to explore the strip and not spend much time in the room, then we advise staying at one of the many hotels smack in the middle of the action because several of them are relatively inexpensive. If you want to stay mainly in one fantastic casino with a majestic room then you can do no better than the Wynn.

Self-parking is accessed off the strip and valet is one block east of the strip on Sands Avenue. Each service charges based on how long you stay, but if you’ve gambled or played enough poker in the last year either or both services could be free. If you are new to the Wynn but are planning to gamble a lot, you can inquire about getting your parking validated.

Casino at Wynn

The gaming floor is a massive 189,000 square feet in which there are multiple pits. Smoke is controlled very well, and the floor is totally wide open and visible which is nice because some casino floors have all kinds of twists and turns. This can potentially cause you to finally stumble on the table you wanted after you thought you’d already seen them all.

As it is the standard for a top tier casino, most of the table minimum bets are at least $15 and they do not do you any favors with the payouts and odds.

Baccarat

You’ll have no problem finding a baccarat game as this game has its own large, dedicated section. Minimums were $100 for its Commission-Free game. This seemed a little high, but we were told $50 tables open at 8 PM.

Blackjack

Blackjack pays 6-5 for its $15 tables, but you can get 3-2 on its $100, $50, and $25 tables. The dealer must hit on soft 17 at all tables.

The 6-5 and 3-2 tables are separated in different pits, but we noticed something strange. We saw a $25 table in the 3-2 pit, and we also saw one in the 6-5 pit. The 3-2 allowed a $10,000 max and the 6-5 allowed only $5,000 but it still didn’t make any sense, so we asked. Normally that $25 table is a $15 table, hence the 6-5 payout. They moved the minimum up to $25 that particular day because all of its players sat down with $25 chips. So those players were unknowingly getting ripped off on the blackjack payout.

Seeing all this just goes to show how little casinos might care about its customers since they so willingly allowed these players to short themselves. The players certainly could have asked about a 3-2 payout, so it also speaks volumes as to how little some gamblers, know, care, or pay attention to what they are doing.

Nevertheless, if you are gambling you might as well get the biggest payout you are entitled to. And since this casino isn’t willing to tell you anything beneficial unless you ask, we advise you be careful.

Craps

We were happy to see craps could be played with $10 or $15 minimums but it only pays double odds, and this is the worst payout in town. The standard odds are 3-4-5, but you must play the $25 table to get them.

Roulette

Standard double zero roulette can be played for $15 or $25 minimums. There is also a virtual roulette game with a live wheel for $5 near the slots but know that it’s all in Chinese.

At nighttime the Wynn will also spin a triple zero roulette wheel for $15. The difference in adding the third zero is simple: The house has an even bigger edge. This begs the question then why offer triple zero roulette? For the same reason they raised limits on the 6-5 tables for the aforementioned blackjack players. To see if they’ll notice they’re scamming themselves.

In the case of roulette, there is nothing about the casino to criticize since triple zero roulette is a far newer concept than 6-5 blackjack. But players really should notice this difference and realize they’re needlessly burning extra money, but once again they either don’t know or don’t care. It’s really amazing that this is how it is, and that this freeroll experiment actually worked out for the house, but the Wynn is not the only casino to attempt this.

The only reason one should ever play triple zero roulette is if they want to bet the zeros which pays 11-1 (actual odds are 13-1). Otherwise it’s the definition of wasting money.

Other Wynn Table Games

– Casino War ($15 minimum)
– Three Card Poker ($15 minimum)
– Ultimate Texas Hold’em Progressive ($15, $25 or $100 minimum)
– Crazy 4 Poker Progressive ($25 minimum)
– Let It Ride ($10 minimum)
– High Card Flush ($15 minimum)
– Fortune Pai Gow Poker Progressive ($25 minimum)
– Pai Gow Tiles ($50 minimum)
– Big Wheel ($5 minimum**)

**The Big Wheel tables at Wynn have the highest minimum in town, you can usually find this for $1 or $2)

This is a solid mixed game selection, although none of them are challenging to find elsewhere except for War. Given how large the space is, there are always plenty of tables open.

High Limit Table Games Room at Wynn

The Wynn cares about its big gamblers, so it has a very large, quiet, and secluded room to accommodate them. There are many baccarat tables which start at $300 minimums. 6-deck blackjack has a $100 minimum in which the dealer must stand on all soft 17. There are two single zero roulette wheels for $100, and there is even a craps table but it is only available upon request.

Slots at Wynn

We don’t know the exact number of slots, but we estimate there are at least 2,000 machines. They begin at a penny slots and limits are available in all the standard denominations including $1, $2, $5, $10, $25, $100 and even higher. Their slot game selection is wide and include many of the most games along with some distinct ones. Some of there most popular titles include Top Dollar, Buffalo Gold, Cleopatra, Willy Wonka, Wheel of Fortune, Megabucks, Monopoly, Lock it Link and The Walking Dead.

High Limit Slots Room at Wynn

High limit slots players have a large quiet area that allows some light to shine in from the beautiful garden located right outside. By that window there is also a section to lounge around in with a big screen TV. There is a mix of new video slots along with the traditional machines like Cleopatra and Wheel of Fortune. Limits start at $5 and rise to $10, $25, $50, $100, $200, $500, and $1,000 a pull, but the highest limits are only offered on the traditional slot.

A view of the high limit slots room from our last visit:

While the high limit section is mostly slots, video poker players will still find a wide enough selection of games and limits of $1, $2, $5, $10, $25, $50, and $100.

Video Poker at Wynn

Along with the video poker games at bars which you can play for comped drinks, there are many sections of video poker all around the casino. You’ll find whatever game you want and limits often stay between a quarter and $1, but there are also many $2 and $5 machines along with some $10 and $25. Limits go as low as a nickel and many of the games give you the choice of 3-5 betting limits which you can change at any time, but other games may be exclusively for $5. Most bar video poker games are capped at $1 or $5, but some of the B Bar games allow you to bet up to $25.

Sportsbook at Wynn

One of its finest attractions, the newly renovated Wynn sportsbook is the very best on the strip. It will always be active and is guaranteed to fill up for big games. Unless you are sitting in the very back, it is away from casino noise, and the back is also the only area where you are allowed to smoke. There is a full video poker bar behind the sportsbook, and right behind that is Charlie’s Bar & Grill which also has a ton of TVs and will deliver food to the sportsbook.

Seating is comprised of dozens of premium red leather swivel chairs along with plenty of desk space seats that have granite countertops and their own TV. VIP seating is also available for either big bettors or those who will buy the one or two drink minimum. The VIP seats are in the back. They have their own roped off space made up of spacious chairs couches.

The sound quality is loud and clear and the picture quality for the many TVs, giant screen and small are great. Horse players are accommodated just as much as sports bettors, and the betting board is large and easy to read.

A view of the Wynn Sportsbook from our last visit:

Obtaining free drinks isn’t exactly cheap, but you can do a lot worse than the Wynn; you must wager at least $150 for sports or $20 for horses to receive a drink ticket. These hefty amounts reduce drinks to a mere throw-in, but this is now the norm.

If you’re going to be late or don’t have time to drop in on the sportsbook, you can open an account right inside the sportsbook for free and download the Wynn sports betting app. Here you’ve got access to all the lines, however, if you want to bet horse racing you need to create a separate account. Betting on games after they have started, known as live betting is still not available.

Hotel at Wynn

This magnificent 5-star hotel is sure to satisfy. There are over 2,700 rooms with its standard room starting at 640 square feet. Larger rooms with panoramic views of Las Vegas are also available as well as Bed & Breakfast. During the week these rooms start at $170 and get over $200, and they can double on the weekends. Sizable discounts are offered if you become a Wynn Insider.

In addition to the room rate is the tax inclusive $44.22 nightly and mandatory resort fee. This is the highest fee on the strip and doesn’t include anything worth talking about beyond Internet, fitness center, and pool access.

If you want a suite, they begin at over 900 square feet and get up to more than double that size. The price jumps are huge considering the space is only 2-4x larger, but that’s just the Wynn once again seeing how far it can stretch its boundaries. You still have to pay the resort fee, but the good news is you get $25 off each night and up to $250 for your trip.

If you are trying to stay in the palace like villas which are the size of large houses, prepare to spend in the thousands. Even if you are willing to do this, availability cannot be guaranteed as these are held in place for VIPs. If you are used to receiving comped rooms, this is not going to be an especially easy task at Wynn. You will certainly have to gamble a considerable amount, so make sure you make contact with a casino host before you begin.

Spa and Fitness Center

The first spa in Vegas to receive a Forbes Travel Guide Five Star Award is open daily from 7 AM to 8 PM, with its salon opening at 9 AM. Day passes are $40 for hotel guests and drop-ins pay $75. This huge facility offers a huge menu with every massage, body treatment, facial, and any other service a spa goer could possibly think of.

The state-of-the-art fitness center opens at 5:30 AM and closes at 8 PM. In addition to its start of the art cardio and weight equipment are a wide variety of classes. They are all $30 or $100 if you want a private class. All classes must be made by appointment.

Restaurants at Wynn

It’s hard to find a cheap meal at the Wynn, but that is to be expected from any prestige casino. The café is open 24 hours, the buffet is one of the best in the world, and every restaurant has selections for vegetarians and vegans.

Some of what the Wynn considers casual dining would fall under fine dining at other casinos. Nevertheless, some of its diverse choices are Allegro which opens late afternoon and stays open all night. The Terrace Point Café is outdoors and open for breakfast and lunch, and Asian goers can go to Red 8 for lunch or dinner.

Fine Dining

Including what is at its connecting neighbor The Encore, the Wynn has eight choices for fine dining. You’ll have to ante up but from the SW Steakhouse to its seafood, to its Chinese, Japanese, America, and Italian options the Wynn will make you anything you want and pour you your favorite wine. Some of them, like Mizumi and SW are set within a stellar ambience of waterfalls and gardens, making the culinary experience memorably aesthetic.

One eating strategy you might want to consider is selecting mainly from the wide variety of appetizers and sides because in our experience, these tend to be a better value than the entrees.

Bars at Wynn

There are multiple 24 hour bars spread around the Wynn that tailor to the video poker player. Though at night it can get pretty noisy, these bars are small enough that serious video poker players should not be disturbed.

Of the several other bars and lounges, two of its noteworthy choices are Parasol Up and Parasol Down. Parasol Up is a cocktail lounge right near the Esplanade and overlooks the 40 foot waterfall for the Lake of Dreams. Parasol Down is downstairs right outside SW. Here you can also get cocktails, small plates, and enjoy the view of the Lake of Dreams from the bottom.

Nightclubs at Wynn

Nightlife is one of the Wynn’s specialties beginning with XS which has been ranked #1 in the U.S. for the last five years. There are bars and hangouts indoors and outdoors, and nightswims during the warmer months. The club is open Friday-Sundays with some of its popular music guests being The Chainsmokers, Skrillex, and David Guetta. You can get VIP table and bottle service on either the inside or at one of the cabanas surrounding the Encore pool if you would rather have some distance from the loudness.

Since this is the most successful club in Vegas, it is a pretty penny to enter and drink. The cover charge varies, but it will be no less than $59 for men and $39 for women, and that breakdown can get up to $141/$87 depending on what time of year you go, who the DJ is, or if it’s during a nightswim.

Wynn’s other nightclub is called Intrigue. It’s a lot smaller but is nothing to sneeze at. Its cover also varies but is no less than $55/$33 for men and women. VIP service is also available, and there is an outdoor patio with a closeup view of the waterfall and pyrotechnics.

Wynn Slots Game

How Many Slot Machines At Wynn Las Vegas Golden Knights