Essay on Case #30

883 WordsMay 26, 20134 Pages
Read Case #30- Wynn Resorts and answer the following questions: By: Janice Jenkins June 9, 2013 1. What is the importance of Mr. Steven Wynn himself, to the Wynn Resorts company? Steve Wynn followed his passion as an entrepreneur and has changed the world of gaming. He has become the most talented casino gamer the world has ever seen. His patient, the man that he became has earned him a spot in the gaming world that can never be taken away from him He chose to make a smart move by purchasing the Desert Inn, and within eighteen, weeks he closed the Inn. He developed the Las Vegas casino which is worth billions of dollars in today’s market. His brilliant billion dollar strategy plan makes him powerful to the Wynn Resorts…show more content…
I am sure if I took a million dollar business and turn it over night into a billion dollar business can be significant to a company. The investment in the Wynn Resorts reached great potentials in a short time. While it may not be the largest Resort in the world, it has earned its place in the gaming world as the best in its business. What potential problems could arise if Steve Wynn left the Wynn Resort Company? Should Steve Wynn leave the Wynn Resort Company it could be disastrous for the company. If it had not been for Steve Wynn, the Wynn Resorts Company may not exist today. The company could lose many investors as well as lots of dollars and respect that the company has gained over the years throughout its short life span. Wynn pulled out of a developing project in Suffolk Downs, in East Boston, which could have brought in competition for the other Resorts in its area, but without Steve Wynn there cannot be any gain. He may be the man with the plan to boost up competition in the casino gambling market. He has the strategy plans to get the job done so, lose him and cut off Wynn Resorts life support, Mr. Steve Wynn. 2. What are the strengths and weaknesses of Wynn's Macau (People's Republic of China) strategy? One of the main strengths of its performance were the table games revenue increase. They came from the new Encore in Macau and Las Vegas higher revenue of its table games. Strength that Wynn’s post operation profit could be up eight-two percent
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