 |
Top Site Pages |
 |
|
|
|
|
|
Casino Game Guides |
|
|
|
|
|
| |
|
|
|
|
|
Best Online Casinos |
|
|
|
February 28, 2009 Online Casino News:
Wynn Falls Short
Many expected Wynn Resorts to do well
even when everyone else is not. They
have worked hard to give first class
service to all of their guests and
clients, and they pride themselves on
offering what most others cannot. They
don’t like it when they don’t do well,
who does, but in this economy you can’t
really expect not to see a difference in
your bottom line.
But when the company revealed their
fourth quarter figures this week, many
were still surprised to see that they
lost money during the quarter. Their
numbers were well below where people
thought that they would be. Steve Wynn
has worked hard to create an empire for
his company, and with the addition of
the online casino Encore Casino, they
felt that they would be ahead of the
game.
However, Wynn saw his revenue for fourth
quarter 2008 drop to $614.3 million
which is 14% less than last year. Their
stock was down as well, and fell $1.49 a
share. The reason their stock fell was
because many were so surprised by the
lost revenue from the company. Everyone
expects companies to have a harder time
of it than usual, but this drop was so
drastic – even after adding the online
casino and all of the steps that they
had taken – that many felt that it was
the face of things to come and started
selling their shares.
Wynn said that things are going to get
worse before they get better, and that
they are going to stay true to their
original ideas and keep working hard to
increase their revenue.
|
|
|
 |
|
 |
|
|
|
|
|
|
|
