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Wynn Las Vegas: The New Home for High Rollers
Published on April 6th, 2005, 2:29 pm EST
Wynn Las Vegas opens its doors on April 28th, giving the world its first glimpse of the well guarded resort. Wynn Las Vegas is a 2.7 billion dollar complex, featuring 2700 hotel rooms, 19 restaurants and a Maserati dealership. The battle for high rollers, otherwise known as "whales", has a new competitor.
Wynn is well known for making high quality gaming establishments that cater to the wealthy; he also created the Bellagio, which is now owned by MGM Mirage.
While Wynn Las Vegas will certainly attract more gamblers to Vegas, there are only a certain number of high-end gamblers to go around, so other casinos will probably start feeling the pinch, especially when it comes to super high end baccarat players, who are the cream of the crop in terms of high end revenue generators for the casinos. Other casinos will have to go that extra mile to retain their high end players.
This is the first major gaming establishment to open in Vegas in the past five years, and is a welcome addition to the higher-end gaming establishments.
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