Win resorts
 | |
| Company form | ExhibitionNASDAQ: WYNN) S&P 500 Component |
|---|---|
| Type of industry | Hospitality industry, sightseeing |
| The establishment | October 25, 2002 [1] |
| The founder | Steven A. Win |
| The headquarters | Paradise, Nevada, The United States |
| Business area | The United States, China |
| Representatives | Steven A. Win (chairperson) (director) Matthew O. Maddox (the president) Steven Laurence cootie (chief financial officer, accounts) John ストレゼンプ (the best management representative) Kim Sinatra (Vice President representative director) |
| Product | Resort, Casino, Game, Entertainment |
| Sales amount |  $ 4,470 million dollar -2016 [2] |
| Operating income |  521,660,000 dollars -2016 [2] |
| 302,470,000 dollars -2016 [2] | |
| The asset total sum | 10,520 million dollars -2015 [3] |
| Equity | 111,980,000 dollars -2015 [2] |
| The number of employees | 20,800 - Dec 2015 |
| Website | |
Win resorts limited (WYNN is a listed company of the unification type resort to put the head office in the Nevada paradise, and chairman and CEO of the former Mirage resort, Steven, A. Win establish the company as the developer of a high-end hotel and the casino and an operator Wynn Resorts Limited, NASDAQ on October 25, 2002, and the [update] company owns five real estate as of 2016.[1]
Table of contents
History
After having run the company which became Mirage and the forerunner from 1973, Steven, A. Win agreed that I sold Mirage resort to the MGM Grand by hostile buyout in 2000. Win made up the basics of following joint venture in the same year and purchased the dessert inn for 270 million dollars. [4]
Win became a partner with Kazuo Okada who was a Japanese billionaire of the universal entertainment early. [5] And, with Aruze USA which was the subsidiary of the uni-bar monkey, Win ruled over the stocks nearly half of the universal entertainment. By this at the age of Mirage was, and it became difficult for outside investors to control a company as measures to a large amount of expenditure of Win. [4][6]
I let Ronald Kramer who was an investment banker take office as the president and a director that Win showed the company in 2002 and let you supervise the development. [7]
On October 25, 2002, the Win resorts performed an initial public offering in NASDAQ.
On April 28, 2005, the company opened Win Las Vegas that was the first project. [8]
Win Macao that was the second project was started construction of on June 28, 2004 and opened on September 5, 2006. [9]
I open an encore in form to expand Win Las Vegas on April 28, 2006 that is memory in an anniversary of Win Las Vegas. Steven, A. Win announces the plan to build the golf course again in Win Las Vegas, and, in the golf course called this "Win golf & country club", there is a big lake bound together by two resorts and "Win parkways". The redevelopment is planned after 2009.
On April 21, 2010, an encore opened in second project of the company in the People's Republic of China Macao Peninsula, Win Macao. [10]
Win purchased land of 52 acres (21ha) for co-Thailand striptease, and the construction that planned the opening of the Win palace on March 25, 2016 was started in 2013, but the opening that was final by a delay of the general construction was August 22, 2016. [11][12]
In February, 2012, a plan to open our casino as part of PAGCOR city development of Philippines happened. However, I do corruption of the Philippine game industry with a reason and give it up. [6] Kazuo Okada who it was stocks maintainer of the Win resorts, and was one of the members of director decided to carry out a plan alone, but this became the cause, and the partnership with the Win resorts failed. [14]
These a series of events developed into a public dispute to accuse corruption mutually. Win and other officers accuse Okada saying that they handed benefits more than 110,000 dollars including the free staying in the luxury suite of Win Las Vegas to the Philippine game regulator as a bribe. One Okada presented a question in the validity of the donation to the Macao University for 135 million dollars of the Win resorts. [5][15] [16] Okada finally resigns a vice-chairperson in October, 2011, and an accusation for Okada is established as a result of investigation into Freeh Group International Solutions in February of the same year. As a result, I forced that the officers' meeting of the Win resorts sold stocks of the Win resorts to Aruze USA at the cut price nearly 30% and went back up. [5] Aruze USA was the greatest stockholder who held 19.7% of stocks.
September 17, 2014 Massachusetts game Committee approved suggestion of the Win resorts to install the casino where I spent 1,600 million dollars on in Eve let City located in the north of Boston. [17]
Influence of the economy slump in Las Vegas and Macao
In Las Vegas, the encore that opened on December 22, 2008 completely operated in the first-quarter of 2009. I did it. I was limited only to Win Las Vegas in the quarter of the front of it. The profit of the whole resort increased from 327,200,000 dollars to 345,900,000 dollars in the first-quarter, but there are not many at all these if I consider the restaurant which I opened to a new hotel tower newly.
It was the new casino of the encore with 97 tables in addition to 857 coin machine, but was lower than the first-quarter in 2008 when only the Win operated the profit of the casino of the whole resort. The net profit of the casino of the whole resort decreased from 125,100,000 dollars to 117,500,000 dollars. [18]
The total profit in this first-quarter was 228,400,000 dollars, but this rises 13.3% from the first-quarter of 2008. This originates in increase of the profit of hotel on the occasion of the opening of the encore and eating and drinking mainly. The encore almost doubled a suite in 2,034 rooms, but the hotel asset profit remained for 20.6% of increase. The profit from 76 million dollars of the first-quarter of 2008 to 85,100,000 dollars in the current quarter increased, but this depends on the drop of the rate and the lowness of the guest room share. The increase of the profit in eating and drinking is the result that I introduced 12 restaurants in the expansion of the encore into more. In July, 2008, the retail profit and the entertainment profit decreased by the end of the production of the musical "spammer lot" together. [19][20]
The net profit of the Macao business decreased to 448,700,000 dollars for 491,500,000 dollars of the first-quarter in 2008 in the first-quarter in 2009. The game at the VIP table largely decreases in particular. [21][22]
Asset
| Image | Logo | Property | Place | The starting date |
|---|---|---|---|---|
 |  | Win Las Vegas resort & country club [23] | Las Vegas striptease, Nevada | April 28, 2005 |
 |  | Win Macao resort | Macao | September 6, 2006 |
 |  | Win Las Vegas encore | Win Macao resort, Nevada | December 22, 2008 |
 | Win Macao encore | Macao | April 21, 2010 | |
| Win palace | Co-Thailand striptease, Macao | August 22, 2016 | ||
 | Win Boston harbor [24] | Eve let, MA | 2018 |
Source
- The Las Vegas Sun
References
- ^ a b "Two of a kind" (paper), Fortune: 22 (29 April 2013)
- ^ a b c d "Wynn Resorts Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016." (January, 2017)1 February 1, 2016 reading.
- ^ Morning Star. (December, 2015). http://financials.morningstar.com/balance-sheet/bs.html?t=WYNN+2016 two a year one day a month reading.
- ^ a b Palmeri, Christopher (April 26, 2005). "The revenge of Steve Wynn". MSNB/ March 3, 2012 reading.
- ^ a b c Bradsher, Keith (March 2, 2012). "Wynn Resorts Partners Split, and Accusations Fly". The New York Timel March 2, 2012 reading.
- ^ a b Sieroty, Chris (February 21, 2012). "Okada wants court to stop stock seizure; Wynn says game over". Las Vegas Review-Journal March 2, 2012 reading.
- ^ Stutz, Howard (March 18, 2008). "Wynn loses company president". Las Vegas Review-Journal. January 16, 2013 reading.
- ^ Palme re-Christopher. "The Revenge of Steve Wynn" (Wynn Resort Vegas). NBC NewU February 1, 2016 reading.
- ^ "Casino mogul Wynn to launch lavish new $4.2B Macau resort." Morning Star. (August, 2016)1 February 1, 2016 reading.
- ^ "Wynn Macau Misses Profit Views on Slow Start for New Casino." Bloomberg Quing February 1, 2016 reading.
- ^ Cohen, Muhammad. "Wynn Opens Extravagant $4.2B Palace In Slumping Macau". Forbes (magazine)9 February 1, 2016 reading.
- ^ "Casino Mogul Wynn to Launch Lavish New $4.2B Macau Resort." The New York Times. Associated Press. (August 17, 2016). "The amount of revenue, the rate of growth was unprecedented and historic and in many cases not just extraordinary but outrageous."
- ^ "a biggest shareholder Manila casino construction start of the Win resorts." The Wall Street Journal. Associated Press. (January 27, 2012)
- ^ "The honeymoon of two founders of the casino company Win resorts eminent world parting". CNBC. (March 22, 2013)l February 1, 2016 reading.
- ^ Sieroty, Chris. By "interest = Macao very much special lecture to show that is high to U.S. casino major Win resorts chairperson, the Japanese casino market". Macau Shimbu7 February 2, 2017 reading. As corporate management philosophy of "oneself the secret of the corporate management success is high められるかだとした at the satisfaction of the employee to a cuttlefish. A thing to come to work on work with awareness to be the member of the company positively. "
- ^ Berzon, Alexandra (July 9, 2013). "Wynn Resorts: SEC Doesn't Plan Action After Inquiry Into Macau Unit". The Wall Street Journa0 February 1, 2016 reading.
- ^ "Panel Picks Wynn's Everett Casino Proposal." WBUR News. (September 16, 2014)d January 27, 2017 reading.
- ^ Daniels, Jeff. "Wynn Resorts stumbles over Macau policy clampdowns". CNBl February 1, 2016 reading.
- ^ "Wynn Resorts, Limited Reports First Quarter Results." January 27, 2017 reading.
- ^ "Wynn Macau Misses Profit Views on Slow Start for New Casino." Bloomberg Quing February 1, 2016 reading.
- Macao section of the ^ " U.S. casino major Win resorts suffers a fall in both revenues and profits…Dullness = 16 years first-quarter business results of the VIP room to sound". January 27, 2017 reading.
- ^ Foxman, Simone (February 2, 2012). "Wynn Resorts BEATS On Earnings, But Revenue Growth In Macau And Las Vegas Falls Short Of Expectations". Business InsideT February 1, 2016 reading.
- ^ Fool, Motley (January 31, 2017). "Wynn Palace Starting to Pay Off for Wynn Resorts, Limited". Yahoo! Financl February 1, 2016 reading.
- ^ "Wynn to start work on $ 2 billion Boston-area casino." Las Vegas Sun. (August 4, 2016)/ February 1, 2016 reading.
Outside link
Outside link
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