Steve Wynn

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Vegas Star Gans Dead at 52

(Newser) - Master impressionist Danny Gans died this morning at age 52 at his Nevada home, the Las Vegas Sun reports. Though little known outside of Vegas, the musical chameleon was a Sin City superstar, performing before routinely sold-out crowds and appearing on the largest freestanding marquee in the world. “The...

What Downturn? Vegas Gets New $2.3B Resort

Mogul riding high while rivals, Vegas struggle

(Newser) - Recession has dimmed the glittering lights of Las Vegas, but it hasn’t stopped hotel and casino mogul Steve Wynn, AFP reports. Wynn is preparing to open the lavish $2.3 billion resort Encore on Monday as Sin City weathers its worst economic meltdown in decades. “I don't owe...

US Casinos Dotting Macau Can't Cash In

Gambling's red hot, but local middlemen take a huge cut

(Newser) - Casinos on the Chinese island of Macau create more gambling revenue than the ones in Las Vegas and Atlantic City combined, but US operators—permitted to set up shop there since 2004—are decidedly not rolling in the money. The Wall Street Journal looks at the bumps in the road...

Macau Casinos Double Vegas' Take

Chinese high rollers power Asia hot spot to record profits

(Newser) - If you thought Las Vegas was gambling’s capital city, think again. Casinos in Macau didn’t just beat Nevada’s finest this quarter, they lapped them. Macau’s gambling revenues jumped 62% from a year ago, doubling Vegas’ take over that stretch—though the casinos, which can't lend money...

Wynn's Macau Take Disappoints

Chinese casino posts lower revenue than expected

(Newser) - Casino mogul Steve Wynn latest gamble isn't paying off as handsomely as he predicted, the New York Post reports, with shares in his Wynn Resorts falling 10% after weaker-than-expected revenues at his splashy new gaming palace in Macau. Wynn "wildly overestimated" September revenues at Wynn Macau, analysts said, with...

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