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Wynn Resorts to Build Entertainment Hub with Water Attraction

Wynn Resorts Ltd. WYNN declared its plans of building an entertainment destination around a 38 acre lagoon, the first of its kind, on the Las Vegas Strip.

The plan, discussed by Steve Wynn and Wynn Resorts, has to be approved by the company’s board of directors. The lagoon will be surrounded by 260,000 square feet of premium meetings space a 1000 room hotel tower, casino, and other amenities.

The lagoon will be surrounded by a white sand beach and boardwalk. Visitors can indulge in a wide range of daytime activities such as water skiing, paddle boarding and parasailing

It is likely to be called Wynn Paradise Park and will be developed on 130 acres of real estate that at present serves as the location of the Wynn Golf Club.

Wynn Las Vegas was opened on Apr 28, 2005 while Encore Las Vegas was opened on Dec 22, 2008. Together these properties feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs; an on-site 18-hole golf course, meeting space, a Ferrari and Maserati dealership, approximately 99,000 square feet of retail space as well as two showrooms, three nightclubs and a beach club.

Wynn Resorts currently has a Zacks Rank #3 (Hold)

Stocks to Consider

Some better-ranked stocks include Boyd Gaming Corporation BYD and Monarch Casino & Resort Inc. MCRI, both sporting a Zacks Rank #1(Strong Buy) and Las Vegas Sands Corp. LVS holding a Zacks Rank #2(Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
 
WYNN RESRTS LTD (WYNN): Free Stock Analysis Report
 
BOYD GAMING CP (BYD): Free Stock Analysis Report
 
MONARCH CASINO (MCRI): Free Stock Analysis Report
 
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