Wynn shares on the up as CEO is a wynner

TAGs: Steve Wynn, Wynn Resorts

wynn las vegasThings just keep getting better and better for Steve Wynn and his company Wynn Resorts right now.

Earlier this week Steve Wynn gave a reveal-all interview in which he explained the misconceptions he had about online poker in the United States. That was until PokerStars opened his eyes to how *cough cough* profitable it could be for them to form a partnership.

It’s Macau that seems to have helped them out the most recently though. After the enclave announced record gaming revenue figures for the month of March, Wynn Resorts saw their share price rise as high as $137.10 – a 52-week high for the group and the second time this month that they’ve reached a new high.

Union Gaming Group is also taking a large slice of the credit for this rise, and, Bill Lerner, a principal analyst at the company, said, “We are again revising our Las Vegas estimates for Wynn Resorts based on impressive citywide convention numbers, a record Chinese New Year and better hotel metrics accented with resounding anecdotes or property-specific strength during the quarter.”

There was also reason for Steve Wynn himself to celebrate as he was named as one of the 30 Best CEOs in Barron’s magazine, where’s he’s keeping company with the likes of Warren Buffett and Steve Jobs.

It’s hardly Glamour’s Top 50 sexiest men and does nothing to trump the Forbes Billionaires List but an award’s an award and you imagine it will have pride of place on the wynners mantelpiece. Right up there next to his honorary PokerStars Team PRO patch.


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