Two Way Hard Three | Las Vegas Casino & Design Blog

That's a lot of firepower to remodel rooms. I don't think any of Wynns properties have any design issues that need major correction, and I don't see how they can possibly build anything new for at least 5 years. So, this makes me think they are definitely planning on buying something from the Mandalay menu. Just think what Mr. Thomas could do with Excalibur!

Posted by Hunter

Today Wynn said 'we are not shopping'.

They have no plans to buy anything at this point. 'Discussions are not underway.'

They again said they would look at any deal.

I got the impression that Thomas simply realized being retired was boring.

In all seriousness, what are they going to do with the design department? I can't imagine they'd need as big a department after opening 4 new properties in 5 years. Do they lay people off? Or maybe take in outside work?

So, what does Jerry Beale think of this turn of events?

Jeff - Wynn D&D did lay off many people like 40 as I recall, earlier this year, just after Encore opened up. Wynn isn't buying anything from the Mandalay Group. I think he'd only consider Mirage or Bellagio at the right price, and I really don't see that happening. In fact I don't see MGM selling anything else really. As their stock keeps rising, they will just do another issuance of stock like LVS did, and raise cash that way, that will just make their stock rise higher, because the only reason its this low in the first place, is people were afraid of a chapter 11, if they raise more cash that fear is off the table, and the stock rises back to a more fair price, which is still MUCH higher than the stock is today. Also Vegas is slowly turning around, so the banks and bond holders will relax a bit, and work with MGM.

This is awesome news for Wynn & Co.! I have yet to see an interior designer as great as Mr. Thomas!

I imagine that Roger has himself a full plate at the moment decorating Wynn's new monster: http://www.flickr.com/photos/lefty1007/3506222814/

Posted by mike_ch

They have enough money to build CityCenter but that doesn't mean they have the money to operate it.

Brian, I'm sorry to pop your fantasy, but they'll sell something else sooner or later. And it will be healthier for the city. These darn mergers never should have been approved in the first place. All we needed was some merger of MGM and Harrah's NV enterprises into The Las Vegas Strip Corporation or something and the town would have been dead by now.

Mike - Oh I don't know. Maybe we should put a friendly wager on it? Like a meal next time I'm in town. I'm not suggesting we hit Alex or something crazy. Lets say like a $50 cap. We could have a great breakfast or lunch many places on the strip for under $50.

Beale won't be around long. Rumor has it that Wynn HATES the rooms he designed for Encore Macau and he'll be on the street by the end of the year....

@dave202 that would make sense of the unexpected delay of its opening.