Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
by Fred R. David, Forest R. David
History
Wynn Resorts traces its history back to 2002 when Mr. Steve Wynn and Japanese billionaire Kazuo Okada agreed to terms on the Wynn Resort property in Las Vegas. The two purchased the Desert Inn for $270 million and had its IPO the same year, a full three years before the Wynn opened its doors for business. Three other properties followed with Wynn Macau, Encore in Las Vegas, and the Encore in Macau opening their doors in 2006, 2009, and 2010, respectively. The Wynn Macau property’s construction began over a year before the Wynn Las Vegas opened for business. In September 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts, just north of Boston.
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