1. Welcome to VegasMessageBoard
    It appears you are visiting our community as a guest.
    In order to view full-size images, participate in discussions, vote in polls, etc, you will need to Log in or Register.

Effect of New Rules at WYNN

Discussion in 'Casino Industry & Development' started by Spock, Apr 5, 2016.

Thread Status:
Not open for further replies.
  1. Spock

    Spock Low-Roller

    Joined:
    Jul 18, 2015
    Messages:
    372
    Trips to Las Vegas:
    10
    Looks like amount gambled is down YOY for Q1 and so is the profit (in $) but win % for the casino is ..

    Stock has had a huge run .. down a bit after hours

    From VT website:

    wynn-q12016-analysis.jpg
     
  2. Snidely

    Snidely VIP Whale

    Joined:
    Nov 2, 2012
    Messages:
    2,129
    Trips to Las Vegas:
    20
    I read Wynn is fighting to keep control of his company. Something about his ex-wife wanting to sell her shares but she's not allowed to sell as part of their divorce agreement and some other folks are clamoring to buy them.
     
  3. tringlomane

    tringlomane STP Addicted Beer Snob

    Joined:
    Jan 21, 2013
    Messages:
    31,307
    Location:
    Chicagoland
    Trips to Las Vegas:
    28
    The year-by-year numbers have little to do with craps rules changing though. Baccarat, with its traditionally low hold (12.98% for the last 12 months), is down 17.58% in the last 12 months over the 24 largest Strip casinos, leading to a 7.23% drop in overall table game win. What I'm shocked by is Wynn's hold percentage for both years. Seems awfully high vs. what is expected on the strip. Overall hold has been 13.2% over the last 12 months for those 24 casinos. And Wynn also wins over twice as much on tables vs. slots? That's crazy. It's closer to 50/50 for the large strip casinos.

    http://gaming.nv.gov/modules/showdocument.aspx?documentid=11031
     
  4. thecarve

    thecarve Misanthrope

    Joined:
    Aug 24, 2009
    Messages:
    6,341
    Trips to Las Vegas:
    75
    Ahh...you forget the DDB cock-slapping I gave him a few weeks back! :evillaugh:rolleyes2:
     
  5. Chuck2009x

    Chuck2009x VIP Whale

    Joined:
    Apr 5, 2009
    Messages:
    14,199
    Location:
    Boston
    Trips to Las Vegas:
    30
    On their earnings conf call in July 2012, Steve described the swings in bacc hold - they had had a crappy quarter because their bacc hold was only 17%, when normalized (which I think he used in place of a term like "what we'd expect") would be 26%. And he said it had been as high as 37% in a quarter.

    Steve is the king (and in a lot of ways a prisoner) of bacc.
     
  6. 44inarow

    44inarow VIP Whale

    Joined:
    Sep 8, 2012
    Messages:
    10,845
    Location:
    Las Vegas, NV
    Trips to Las Vegas:
    35
    It's both crazy and amazing how much effect bacc can have on a casino's bottom line.

    The other thing that makes Wynn a bit of an outlier is that he's not really diversified, for lack of a better term. I'm sure if you looked at only Aria/Bellagio there would be similar swings, but MGM also has a huge range of properties in Vegas, from Circus Circus all the way up to Aria/Bellagio. Same for Caesars, they have Caesars but also Bally's, Harrah's, etc. Wynn only has Wynn/Encore, which generally speaking attracts a specific type of high-roller clientele.
     
  7. Big Tip

    Big Tip VIP Whale

    Joined:
    Oct 22, 2008
    Messages:
    2,392
    Location:
    Austin
    Trips to Las Vegas:
    67
    From the first page of this report, it shows that same fact statewide. How can that be? We all KNOW that slots win more than table games for casinos. Supposedly 70/30 split I think I read.
     
  8. hammie

    hammie VIP Whale

    Joined:
    Sep 18, 2006
    Messages:
    8,343
    Trips to Las Vegas:
    8
  9. Dean Martin

    Dean Martin VIP Whale

    Joined:
    Jan 16, 2003
    Messages:
    5,785
    Location:
    VA
    Trips to Las Vegas:
    40
    I wouldn't be surprised if that's edging closer to 50/50 given the worsening rule for BJ and all the "carnival games" in casinos now days that would be included in the table game #. Baccarat is always going to give show swings qtr to qtr and month to month.
     
  10. tringlomane

    tringlomane STP Addicted Beer Snob

    Joined:
    Jan 21, 2013
    Messages:
    31,307
    Location:
    Chicagoland
    Trips to Las Vegas:
    28
    In many markets not named the Vegas Strip though, it's slots in a land slide. Even downtown LV, it's a 2.5 to 1 ratio in favor of slot revenue. Boulder Strip is 7 to 1 in favor of slot revenue. In my home state of Missouri, it's about a 6 to 1 ratio in terms of slots.
     
  11. VegasDave

    VegasDave Addicted

    Joined:
    Mar 25, 2013
    Messages:
    1,282
    Trips to Las Vegas:
    50
    Volume down significantly but rule changes took effect over more games than just craps. The surprising number to me is that profits inched up because they f'd their rules against the players.
     
Tags:
Thread Status:
Not open for further replies.