Wynn Resorts buffet reopening canned

by Noah Taylor Last Updated
Wynn pivots to grow fourth quarter earnings

The ambitious return of Wynn Resorts’ buffet at its Las Vegas hotel and casino has backfired, after it has been forced to close the eatery.

Star Advertiser reports Wynn said they closed the buffet based on negative feedback from patrons regarding the buffet experience.

Wynn tried to implement a “serviced” format, by which food was ordered from a menu and delivered to the table.

It was the same high-quality food the buffet is famous for, but it was no longer a buffet in customers’ eyes.

Wynn says it will rework he format and reopen on a date that hasn’t been determined.

The move leaves just two open buffets in Las Vegas, at the Cosmopolitan and South Point.

The Bacchanal Buffet at Caesars Palace was supposed to open in September, but that’s been postponed indefinitely.

In other Vegas news, a major remodel at the Treasure Island’s new sportsbook has meant it has relocated and been expanded.

The old book was small and sedate, tucked away in a corner of the casino, with the new book five times the size and centrally located.

Japan’s casino licensing process could be delayed due to COVID-19

The Japanese Government is considering making changes to its integrated resorts timeline due to the impacts of the COVID-19 pandemic.

European Gaming reported in August that Japan’s Minister of Land, Infrastructure, Transport and Tourism Kazuyoshi Akaba has said the government is planning to change the timetable for licensing casino resorts.

According to the minister, the government is assessing the pandemic’s negative impact on the casino sector.

He told the media that: “Some IR operators who have partnered with local governments are in a difficult situation due to the impact of the new coronavirus, and there have been opinions saying that the future is uncertain.”

He reportedly added: “We will act carefully, and once we have properly confirmed the situation with local governments on the ground.”

It must be noted that the Japanese government has not yet published a basic policy on IRs. Lack of such a policy also forces the prefectural governments to postpone their own processes of selecting a private-sector partner.

Earlier, the government had reportedly decided to publish an IR policy on July 26. A change of timeline of IR licensing now looks inevitable, the report said.

Wynn leaves Yokohama office as casino licence process stalls

A leading contender for a Japanese integrated resort licence has closed its Yokohama office after the country announce it would delay its decision due to the COVID-19 pandemic.

Japan Times reported in August that Wynn Resorts’ Yokohama office closure shouldn’t be taken to mean they aren’t interested in the project.

“The pandemic is having an unprecedented negative impact on integrated resort development, and resort companies such as Wynn are considering how we evolve our operations to align with a post-pandemic market,” the company said on Sunday.

“Long-term, we remain interested in the Japan integrated resort market and will monitor the situation closely.”

Wynn has been pursuing a casino in Japan for years.

The country had been considered one of the top prizes in the industry, given Japan’s population and wealth.

Japanese legislators approved the country’s first Vegas-style casino developments, known as integrated resorts, but none have yet been built.

A decision to focus on the US market prompted Caesars Entertainment to end its pursuit of a Japanese casino last year.

Las Vegas Sands Corp said in May it was also pulling out of the race, citing high tax rates, unfavourable terms and the cost of building, which many have put at $10 billion.

MGM Resorts International, the lone remaining bidder for a casino in Osaka, said last week it will continue to pursue the project, despite delays that could last until next year.

The COVID-19 shut down much of the world’s casinos this year and Wynn’s resorts in Macau, Las Vegas and Boston are still experiencing sluggish demand.

Wynn furloughed a number of employees in Las Vegas last month because business was not coming back as quickly as it had hoped.

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