An oldie but a goodie above.
On last week’s Wynn Resorts earnings call Steve Wynn went into a long discussion of how Wynn Las Vegas is adjusting their casino floor to maximize revenue. Here’s an excerpt of the call from Vegas Hotel News.
I also rearranged the floor in the casino to put our specialty games that are very popular with the public – that have a higher margin – and I put them in the hundred percent location. And I moved my games with less of a margin to secondary locations. Those changes have worked out favorably to us in the past three weeks, and that kind of re-examination… our slot floor has been re-done. We win more money with less games now. These are some of the reasons why we make more money than anybody else in Las Vegas.
You can read the full segment on gambling at Wynn from the Wynn Resorts earnings call from Vegas Hotel News.
Every business has the right to maximize their earnings potential. At the same time every customer has the right to take their money elsewhere.
I haven’t gambled at Wynn in almost a year and I don’t see myself returning any time soon. The emphasis on 6:5 blackjack, 2x craps (info on Vegas Chatter), poor video poker pay tables and the focus on prominently featuring games with a high house edge really isn’t of interest to me.
I’ve always liked gambling at Wynn and especially Encore. While I’m looking forward to the renovations at Encore (details on Travel Vegas) and I love dining at SW Steakhouse I’m not sure I want to support Steve Wynn any time soon.
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Screw em! Too many options in and around Las Vegas than to frequent a casino that has a billionaire out to take us to the cleaners. Brag on, Mr. Wynn, I wont be gambling, eating, and drinking in your casino’s this month.
Truthfully, he’s no different than the others he’s just the one saying it publicly. 😉
Then he should have kept his mouth shut. LOL
Maybe I’m delusional, but seems like Wynn didn’t use to be such a greedy blowhard. When he still owned Mirage and TI and Bellagio, he seemed a little more down to earth. Add his comments about preferring to do business in Macao with the Chinese government and you really have to wonder if he’s lost it.
He’s always been a blowhard. His earnings calls are almost all like this. It’s comical and obnoxious. 🙂
Never liked Wynn or his casinos. I think he has lost a lot of money in the Macau market and is trying to hit us up to make up those lost profits.
Las Vegas won’t make up for all of the losses in Macau but it certainly can’t hurt the bottom line.
OK, Marc, you talked me off the ledge…that a comp offer for two nights, and $150 in FreeCredit. LOL
We’re going to check in this Sunday, and then move over to the Mirage on Tuesday. Let’s see if I can take some of Wynn’s money. 😉
Have fun! Get em!