One of the most popular hotel-casinos in Las Vegas just earned another incredible award. Reports indicate that Wynn Las Vegas is now the only casino-resort to receive a ‘Great Workplace’ certification from the Great Place to Work independent analysis group. It’s an impressive accolade for this amazing venue on the Strip.
Wynn Resorts has had a busy year. Now is the perfect time to look back at what this company has accomplished in 2019. We’ll also talk about how the Wynn casino-resort in Las Vegas earned the recent workplace award. Let’s get started!
Wynn Resorts Continues to Expand its Portfolio
Wynn Resorts is well-known as one of the biggest and most successful casino operators in the world. It’s headquartered in Las Vegas and controls numerous casinos throughout the world. Recently, this company expanded into Massachusetts with the Encore Boston Harbor casino-resort.
A number of major casino companies have been pushing to open a gaming establishment in Massachusetts. Wynn Resorts chose to open their new casino in Everett, located directly north of Boston. There were concerns that Everett wouldn’t be a viable location for a casino, yet the Encore Boston Harbor is proving to be extremely successful.
This company is also actively pushing to open an integrated resort in Japan. Last year, lawmakers in Japan approved a bill to allow three casino-resorts to open in the country. Most of the biggest US casino operators are now lobbying for their right to operate in the country.
Japan is expected to become one of the most lucrative casino markets in the world. Wynn Resorts is starting to heat up its lobbying effort in this country, recently claiming that the company will build the “world’s largest” casino-resort here. Many gambling analysts claim that Wynn Resorts will manage to secure one of the three licenses to operate here.
Wynn Las Vegas Receives ‘Great Workplace’ Award
Las Vegas is home to many of the best casino-hotels in the United States. Most of these are located along the Las Vegas Strip. Wynn Las Vegas is considered by many to be the very best casino-resorts in the city.
Not long ago, this hotel was ranked the best casino in the United States by TripAdvisor. Many visitors here praise the service, design, and huge gambling space. Interestingly, the Encore Las Vegas, also owned by Wynn Resorts, is ranked as the second-best casino in the country.
This week, the Great Place to Work analysis group granted Wynn Las Vegas one of their prestigious ‘Great Workplace’ certifications. This group uses anonymous feedback from employees to describe their experience working at Wynn.
Wynn Resorts CEO Matt Maddox commented on the award to the media this week.
“We believe that true luxury is defined by people, not buildings, and so we have focused on our Company’s greatest asset: our employees. One of our guiding principles is to ‘care about everyone and everything,’ which makes our Great Place To Work certification very meaningful to me,” he said. “I believe that no team is more committed to excellence than ours, and I am fortunate to work alongside such caring and talented professionals.”
It’s clear that Wynn Resorts is one of the best casino operators in the United States. Unfortunately, this company’s operations in Macau are struggling to generate revenue right now.
Macau Continues to Struggle in 2019
Wynn Resorts isn’t the only company to struggle in Macau. Many US casino companies including Las Vegas Sands also operate casinos in this small territory. For most of 2019, Macau’s gambling revenue had decreased.
There are several reasons why this is. Many individuals point to the ongoing trade war between the US and China as a reason for Macau’s revenue decline. This trade war has significantly impacted the Chinese economy. As a result, many wealthy individuals here are choosing not to gamble. Without these VIP gamblers, Macau is struggling to increase its revenue earnings.
The recent protests in Hong Kong have also affected this city’s gambling revenue. Fewer tourists are heading to this area and many Chinese locals are preferring to stay in the mainland while the situation in Hong Kong carries on.
Gross Gaming Revenue in August dropped by 8.6% compared to the same time last year. Most feel that this downward trend will continue for the rest of 2019. Wynn Resorts isn’t deterred and continues to invest in its three properties in Macau.
There’s no doubt that Wynn Las Vegas is one of the best casino-resorts in the world. Make sure to stay tuned for updates on this casino and others in Las Vegas over the next few months!