Preview

Wynn Resort - Company Analysis

Best Essays
Open Document
Open Document
4374 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Wynn Resort - Company Analysis
EXECUTIVE SUMMARY Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairmen and CEO Stephen A. Wynn. The target client base for Wynn Resorts are affluent individuals who seek the highest quality—Wynn and its sister property Encore hold more Forbes Five Star awards than any other casino resort in the world. Recently, Steve Wynn has taken his brand global by building in Macau, China. With the opening of the Wynn and Encore Towers, Steve Wynn has proven that upscale gambling can be accomplished outside of Las Vegas. Steve Wynn’s marketing strategy is to emphasize the quality of service provided in the most luxurious accommodations imaginable. Everything from golf to shopping to wedding ceremonies, and gambling of course, is available at Wynn Resorts. The management of Wynn Resorts Limited is lead by Chairman and CEO Stephen A. Wynn, Vice Chairman of the Board Kazuo Okada, and nine directors. The COO is Marc D. Schorr and the CFO is Matt Maddox. Although Wynn Resorts were not immune from the recession, they were able to generate solid revenue and maintain high occupancy ratings. Stephen Wynn and Wynn Resorts continue to be an aggressive force in the hotel and casino market, especially with their recent expansion into Macau, China.
INTRO
Wynn Resorts is engaged in the design, development, financing, construction, and operation of hotel and casino resorts. The Company owns and operates two destination resorts: Wynn Las Vegas, on the Strip in Las Vegas, Nevada, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). Wynn Las Vegas is located on the north-east corner of the intersection of Las Vegas Boulevard (the strip) and Sands Avenue. It offers a nightclub, an ultra-lounge, a spa and salon, a Ferrari and Maserati automobile dealership, wedding chapels, an


References: 1. Central Intelligence Agency, “The World Factbook: Indonesia,” Online, https://www.cia.gov/library/publications/the-world-factbook/geos/id.html (Accessed July 2010) 2 3. Central Intelligence Agency, “The World Factbook: Singapore,” Online, https://www.cia.gov/library/publications/the-world-factbook/geos/sn.html (Accessed July 2010) 4 7. EDGAR Online, “Wynn Resorts LTD 10-K,” Online, http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001193125-10-043336 (Accessed July 2010) 8 9. Wynn Resorts, “Corporate Governance,” Online, http://phx.corporate-ir.net/phoenix.zhtml?c=132059&p=irol-govboard (Accessed July 2010) 10 11. Yahoo! Finance, “Wynn Resorts, Limited Earnings Conference Call (Q1 2010),” Online, http://biz.yahoo.com/cc/9/113359.html (Accessed July 2010)
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Westover Inn: Financial Analysis
    • 754 Words
    • 4 Pages

    Westover Inn: Financial Analysis

    In regards to the past performance of the Westover inn, it is clear to see that the inn has been an underperformer in regards to recording any positive net income. Despite the consistent years in failure to produce a positive income, the trend is clear that progression is being made as each year has shown an increase in profit and revenue. This has much to do with the productive way of reducing expenses and the inn gaining more recognition and consistent clientele. A clear issue the inn has faced has been has been the trouble of repaying its interest on their original investments as seen with a times covered ratio.…

    • 754 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Tim Horton's Isp
    • 98563 Words
    • 395 Pages

    Tim Horton's Isp

    FINANCIAL HIGHLIGHTS $ in millions e cept earnings per share S . ll numbers rounded. ll nancial information presented in this report is provided in Canadian dollars unless other ise noted.…

    • 98563 Words
    • 395 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Mgm Resorts International Case Study
    • 8633 Words
    • 35 Pages

    Mgm Resorts International Case Study

    In 1988, MGM acquired the Desert Inn and Sands Casinos, but the Sands was quickly sold the following year. In September 1989, MGM announced plans to build a 700-million dollar Hollywood-themed complex, which would include a 4,000-room hotel and a theme park.…

    • 8633 Words
    • 35 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Mgm Resortscase Study
    • 24944 Words
    • 100 Pages

    Mgm Resortscase Study

    Executive Summary…………………….…….………………….…3 Business and Industry Analysis Business Analysis……………………………….…………..6 Five Forces Model………………………………..………....7 Key Success Factors……………………………………..10 Competitive Advantage Analysis…………….…12 Accounting Analysis……………………..…………………....13 Accounting Analysis Steps…………………...…....14 Key Accounting Ratios……………………………….…22 Ratio Analysis and Forecast Financials……….…25 Financial Ratio Analysis……………………………..25 Forecast Analysis………………………………..………40 Valuation Analysis Method of Comparables……………………………….43 Discounted Cash Flow Model………………………..47 Discounted Residual Income Model…………..….48 Abnormal Earning Growth Model…………..…..49 Appendix………………………………………………………………..50…

    • 24944 Words
    • 100 Pages
    Powerful Essays
    Read More
  • Good Essays

    Case #30
    • 871 Words
    • 4 Pages

    Case #30

    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 company. This may have been the best strategy that he decided to sell the Desert Inn in eighteen weeks. Now, to take the $270 million that he earned and reinvested it into what may be now, a billion dollar company that could be considered as grand. He made his initial investment into what now the Wynn Resorts Limited public. By 2004, the investments that he made allowed the Resort to become worth billions of dollars, double his net worth. By April 2005, Mr. Wynn made an investment in his Wynn Resort in Las Vegas, which became the most expensive Resort. Its location, which stand’s on the site that the former Desert Inn once stood may be worth billions. One of three largest gaming concessions, Wynn made a wise successful bid for it in Macau. This Special Administrative Region located in China has the world largest and longest history in the gaming market throughout the world. It surpasses Las Vegas, but it became known as Wynn Macau, which opened in September of 2006, became Mr. Steve Wynn most important investment of the Wynn Resorts. The newest Wynn Resort investment began in Encore Las Vegas, in 2008. This tower of Encore Resort became a model after the heart of the Wynn Las Vegas tower, which shares the same property although…

    • 871 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Pinnacle Foods Ipo
    • 2138 Words
    • 9 Pages

    Pinnacle Foods Ipo

    PRNewswire (2013, Mar 6). Pinnacle Foods Finance LLC Reports Fourth Quarter Fiscal 2012 Results. http://investors.pinnaclefoods.com/phoenix.zhtml?c=223400&p=irol-newsArticle&ID=1795035&highlight=…

    • 2138 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Case Study Wynn Resorts
    • 756 Words
    • 4 Pages

    Case Study Wynn Resorts

    Wynn Resorts, Limited mission statement is: “Wynn resorts strive to be the leading provider and choice of elite, Luxurious casino and resort experiences worldwide.” (Mathlouthi, “Wynn Resorts”) Wynn resorts utmost essential operational strength is the founder himself, Steve Wynn. Mr. Wynn has over thirty years of experience in Las Vegas. His prime connections, alliances and expertise within the industry that he holds, cannot be easily replaced. The CEO’s immersion with the company delivers an exclusive distinctive advantage. Having an expert in this field provides the resort with a competitive advantage. Wynn is a proactive CEO who is very involved with the company. You can find him on the…

    • 756 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    How Did The Great Depression Affect The Common Person
    • 698 Words
    • 3 Pages

    How Did The Great Depression Affect The Common Person

    About 88 years ago, the United States of America began one of the greatest economic losses it has ever seen. On October 29,1929, or “Black Tuesday”, marked the start of the decade long depression. There are clear reasons why the event occurred, how it ended, and how it affected the common person. On October 29, 1929 the worst stock market crash the United States had ever seen began.…

    • 698 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Revenue Recognition: Apple Inc.
    • 1412 Words
    • 6 Pages

    Revenue Recognition: Apple Inc.

    Google Inc. (2012, 01 26). Google Inc. Annual Report (2012). Retrieved 03 11, 2012, from SEC Edgar: http://www.sec.gov/Archives/edgar/data/1288776/000119312512025336/d260164d10k.htm#toc…

    • 1412 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Swot Analysis Of Sears
    • 4647 Words
    • 19 Pages

    Swot Analysis Of Sears

    Financial Highlights/Common Share Market Information Letter to Our Shareholders Letter from the Chief Financial Officer Eleven Year Summary Quarterly Summary Management’s Discussion and Analysis Management’s Responsibility for Financial Statements Auditors’ Report Consolidated Statements of Financial Position Consolidated Statements of Earnings and Comprehensive Income / Consolidated Statements of Retained Earnings and Accumulated Other Comprehensive Income Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Directors and Officers Corporate Information…

    • 4647 Words
    • 19 Pages
    Good Essays
    Read More
  • Good Essays

    Steve Wynn Essay
    • 1422 Words
    • 6 Pages

    Steve Wynn Essay

    * Steve Wynn * experienced management team * premiere spot on Las Vegas strip, and home to the only golf course * strategic development of its product - luxury, high-end product, high brand value…

    • 1422 Words
    • 6 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Company Analysis
    • 915 Words
    • 4 Pages

    Company Analysis

    * How have supply and demand conditions impacted the firm in recent years? Note: Be sure to examine the various factors that can shift supply and demand.…

    • 915 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Trend Report - Uber
    • 2819 Words
    • 9 Pages

    Trend Report - Uber

    The World Bank Group. (2014, September 15). Indonesia. Retrieved September 15, 2014, from The World Bank: http://data.worldbank.org/country/indonesia…

    • 2819 Words
    • 9 Pages
    Powerful Essays
    Read More
  • Good Essays

    Case 30: Wynn Resorts, Ltd. Essay Example
    • 693 Words
    • 3 Pages

    Case 30: Wynn Resorts, Ltd. Essay Example

    The Wynn on the Cortai Strip fits well within the Wynn Resort’s growth and expansion strategy due to the significant size of land for expansion (encapsulating 52 acres). As discussed, Wynn Resorts expansion is based on attracting high-end players. With the Chinese government relaxing restrictions, the Chinese citizens have freedom to become those high-end players that Wynn Resorts seeks to attract. Based on the financial statements provided within the case, as of the end of 2007 there was definite support to make a significant capital investment. For example, the resort’s operating income ended at $429,403 (thousands), almost six times greater than the prior year ending at $70,899 (thousands). Total assets at the end of 2007 were significantly higher than the prior year and net cash provided by operating activities was also significantly higher. These numbers provide evidence that currently Wynn Resorts Ltd. can make a significant capital investment.…

    • 693 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Mgm Case
    • 1291 Words
    • 6 Pages

    Mgm Case

    MGM Mirage is one of the largest gaming industries in the United States and mainly located in Las Vegas, Nevada. The first MGM Grand was established in Las Vegas, Nevada in 1973. After investing in land on the strip the company followed with Treasure Island and the Bellagio. The MGM Mirage was created during the merger in 2000. Since this merger, MGM Mirage has grown and acquired numerous other properties. Currently MGM Mirage acts as a holding company and peruses operation through its wholly owned subsidiaries. The MGM Mirage owns many of the large hotels and casinos on the Las Vegas strip, all which provide restaurants and some the largest entertainment in the world. In 2006 MGM Mirage had $7 Billion in revenues and $600 Million net profits.…

    • 1291 Words
    • 6 Pages
    Good Essays
    Read More

Related Topics