It's not going to be open to the public - as far as we know.Īre we going to see more corporatization at Wynn Resorts then we have seen in the past? I do believe it that is moving forward, but it has changed so much it is almost like they're building a large pool for their guests at this point. I know they are working on their convention center. And it looks like actual construction is happening. I have seen an orange outline of the lagoon. They're actually tearing up the golf course back behind Wynn. Roeben: I think the lagoon, Paradise Park, has changed dramatically from when it was announced. I don't think that guests want to go and see that name on that building. I have felt that way about Wynn resorts as well. They really don't want to be reminded of that tragedy. People, when they're on vacation, they want to have a good time. I think in the short term, it has definitely had a negative effect. They know the numbers and they have been waiting to see what the long-term effect will be. But there is no denying that there is a stigma attached to it now. Roeben: It's tricky stuff because you have so much equity in that brand. The rumor I hear is that it might be a Ritz-Carlton. Some of that activity around Mandarin Oriental sale is a little bit confusing because they haven't come out yet and said what the plan is for Cit圜enter. I don't know if they're in trouble, but I think there is certainly a feeling that things are flattening out slowing down. I think in contrast to the Sands and Wynn - there is definitely a contrast and I think a lot of that has to do with China, because China is driving a lot of the profits for these companies. Scott Roeben: They certainly had some big red flags in this last earnings report. Big plans are underway on the Las Vegas Strip as the area's resort companies look to expand, renovate, and otherwise stay fresh.īut downtown's gaming numbers are on the rise, too.Īnd at least one Fremont Street casino owner is acting on that success and building a new resort.Īt the same time, Wynn Resorts appears to be scaling back their plans for a few megaprojects, and MGM has expressed disappointment with how slowly the conversion of Monte Carlo to Park MGM has gone.