It seems like every year it’s the same story. If there’s one casino operator that is going to take the glorious crown, and if Fortune is going to be the one to choose, then it’s almost a lock that it will be won by Wynn Resorts.
Fortune lists the top ten largest casino operators and then takes input to decide which operator is the most admired. Three years running now, Wynn Resorts has been voted most admired casino operator by Fortune magazine.
Profitable growth with the company’s operations in Macau combined with high rankings in quality of products and services and innovation helped keep Wynn on top this year, even through a global recession.
Interestingly enough, Las Vegas Sands, though under heavy scrutiny from the SEC and Justice Department, was ranked No. 6 in the industry for global competitiveness but was ranked No. 9 for people management, social responsibility and quality of management. There were only 10 companies being ranked, so ninth is basically last.
It’s not all that surprising the Las Vegas Sands dropped off in social responsibility and quality of management, especially when they have former CEO’s airing dirty laundry and spouting allegations. This year, Caesars managed to slip ahead of LVS taking the No. 8 spot for quality of management in the industry.
Fortune decides their rankings based on input from executives, directors and analysts within the industry, rating their peers.