Wynn Resorts - Competitors

Wynn Resorts Competition

Now Viewing Wynn Resorts's competition in: Gambling Operations (primary)

Recent Developments

Indian Casinos' Revenue Growth Declines - Revenue at Indian casinos increased 5 percent in 2007, much lower than in past years, according to the National Indian Gaming Commission, and was the first time in over 10 years that casino growth wasn't in double digits. Indian gaming is a major factor in many local economies that has been affected by the national economic slowdown. Over 400 Indian gambling operations in 28 states accounted for about $26 billion in 2007 revenue.

Colorado Casinos' Revenue Declines - Gaming revenue at Colorado's mountain casinos fell 10.7 percent in the first four months of 2008, possibly due to a slowing economy, high gas prices, and a smoking ban. Casino proponents blame the smoking ban, but experts believe that the ban's effect will be short-lived as smokers return due to a lack of gaming alternatives. High gas prices may prove to be a more long-term issue, as Colorado's casinos are located in historic mountain towns.

Missouri-Illinois Casino Industry Adjusting - The gaming industry in Missouri and Illinois expects that 2008 will be an adjustment period due to the economic slowdown, a smoking ban in Illinois, and the opening of new casinos in 2007. Business at Illinois operations is down sharply since a smoking ban took effect in January. Missouri operators, which are reaping the benefits of the ban, are gearing up for a push to end Missouri's $500 loss limit, which they say hampers their ability to attract high-end gamblers.

Competitive Landscape

Growth in consumer income and state spending has driven expansion of the US gambling industry. The profitability of individual companies depends on efficient operations and effective marketing. Large operators have the financial resources to make large investments in facilities and efficient computer operations, and have cross-marketing opportunities. Small gambling facilities can thrive by catering to a local clientèle. The industry is fairly labor-intensive: annual revenue per employee is $90,000.

Full Industry Overview For Gambling Operations

Gambling Operations Industry Forecast

from Hoover's/D&B subsidiary First Research

US personal consumption expenditures for participant amusements and pari-mutual net receipts, which includes gambling operations, are forecast to grow at an annual compounded rate of 5.5 percent between 2007 and 2012.

Consumer Spending Growth on Participant Amusements Steadies

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.