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Essay / Wynn Resorts Limited - 867
In order to answer this week's case study questions, I believe it is necessary to provide a summary of Wynn Resorts, Limited. According to Yahoo Finance, Wynn Resorts Limited and its subsidiaries are engaged in the development, ownership and operation of casino resorts. The company owns and operates two casino resorts in Las Vegas, the Wynn Las Vegas and Encore at Wynn Las Vegas, with two hotel towers with a total of 4,750 hotel rooms, suites and villas; 240 table games; 2,195 slot machines; a racing and sports betting book; 1 poker room in approximately 186,000 square feet of casino gaming space, including an overhead casino and private gaming lounges; 35 food and beverage outlets; 2 spas and salons; living rooms; and approximately 95,000 square feet of retail space including various boutiques. Its Las Vegas resorts also offer 3 nightclubs; a beach club; a Ferrari and Maserati car dealership; wedding chapels; an 18-hole golf course; approximately 283,000 square feet of meeting space; a specially designed theater; and an Encore Theater featuring various headlining entertainment acts. The Company also operates Wynn Macau Resort Casino and Encore at Wynn Macau Resort, located in the People's Republic of China. This particular resort is the subject of Case Study #30. Macau resorts include approximately 2 luxury hotel towers with a total of 1,008 hotel rooms and suites; 495 table games; 835 slot machines; 1 poker pit in approximately 275,000 square feet of casino gaming space, including 1 sky casino and private gaming lounges; 8 restaurants; 2 spas and 1 salon; living rooms; meeting facilities; and approximately 55,000 square feet of retail space including various boutiques, as well as a show in the rotunda. Wynn Resorts, L...... middle of paper ......m and profits for Wynn Resorts. Considering that the government has no experience running casinos, I find the likelihood of them taking over the Wynn property to be unlikely. and they will continue to benefit from Wynn's success by allowing them to operate in the manner to which they are accustomed. Therefore, I believe the construction of this property will benefit Wynn Resort Limited by establishing a long-term sustainable advantage. References Yahoo Finance Wynn Resorts. (March 2014). Accessed March 2014 from Yahoo: http://finance.yahoo.com/q/pr?s=WYNNPorter, M. (January 2008). The five competitive forces that shape strategy. Retrieved March 8, 2014, from Harvard Business Review: http://hbr.org/2008/01/the-five-competitive-forces-that-shape-strategy/ar/1Wiki. (March 2014). Five Forces Carriers. From the wiki in 2014: http://en.wikipedia.org/wiki/Porter_five_forces_analysis