Steve Wynn

What Was Wall Street Thinking Last Week?

Some Street-related dispatches from last week's entry in the Human Comedy: Kim Kardashian filed a silly sounding but well-grounded lawsuit against Old Navy's use of a lookalike; gaming magnate Steve Wynn went all FOXNews on a conference call; and Barnes and Noble surged, nonsensically, on Borders' liquidation.

Las Vegas Strip Has a Winning Streak in February

The Las Vegas gambling industry seems to have some fight left in it. Following a seemingly endless run of negative months, gambling revenues on the Las Vegas Strip jumped 33% in February to $568 million from $427.4 million a year ago, according to WHO TK. Casino operators have their Chinese patrons to thank for the fortunate turn of events.

Casino Mogul Wynn Raises the Stakes in Philly

Two months ago, when Steve Wynn first publicly proposed taking over the stalled Foxwoods casino project in Philadelphia, his plan seemed modest. Wynn described the would-be enterprise as "cute." On Monday, the casino mogul got serious with a proposal for a gambling hall that he promised would be "Wynn top to bottom."

Morgan Stanley Walking Away from Revel Casino

Morgan Stanley has decided to cut its losses in Atlantic City. The investment bank is selling its stake in the Revel casino and taking a "substantial loss," one that some analysts estimate could amount to $800 million to $1 billion.