Word: wynn
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Dates: during 2000-2009
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...year. In June, Ho's son Lawrence, CEO of NASDAQ-listed Melco Crown Entertainment, opened a mega-resort called City of Dreams, with a 520-table casino and a Hard Rock Hotel. An 800-room Grand Hyatt opens at the resort later this month. Wynn is also finishing a $650 million expansion of his Wynn Macau. Called the Encore, the addition, expected to open in April, 2010, includes 400 luxury suites, an expanded casino and more restaurants...
...Reflecting this renewed optimism is the buzz surrounding upcoming initial public offerings by two Macau casino operators. Las Vegas casino titan Steve Wynn, who opened the Wynn Macau luxury hotel and casino in the city in 2006, plans to offer 25% of his Macau operations in an IPO on the Hong Kong stock exchange. The IPO could raise as much as $1.6 billion; the shares are expected to start trading on Oct. 9. "With this IPO, we're a Chinese company with Chinese ownership," Wynn said, adding that the move would help management "assimilate ourselves with China more efficiently...
...depth chart towards the end of last year. Garton’s top target will be senior Kyle Derham, who led the team with 404 receiving yards in ’08. Kicker Andrew Samson returns after leading the league with 16 field goals. All-Ivy senior Chris Wynn anchors a unit that was second in the Ancient Eight in scoring defense...
...wrong," he says. Adelson, always a self-believer, has reinvested more than $1 billion in his company. But he has also fired his longtime right-hand man, been sued by shareholders and shed more than 700 Las Vegas employees since November. Read "Stick It to the Recession: Wynn's Vegas Encore...
...Vegas has made its bet. This recession, it clearly believes, is just another business cycle. It will end, sooner rather than later, and the world will go right back to gambling on slot machines and real estate and tasting menus and double-digit corporate earnings. In fact, Wynn bet me $100, an amount I had to spend several minutes explaining to him, that the U.S.'s GDP growth will be positive by April 2011. In the meantime, he and the other people who run Vegas believe the deck will get reshuffled and new players will sit down at the table...