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Wynn opens new casino resort in Las Vegas

AFP,  Saturday, December 20, 2008 at 12:01:36 PM

His competitors face free falling stock prices and potential bankruptcies, but Steve Wynn's company is sitting pretty as it prepares to open the doors on Monday to its lavish new resort, Encore.

The 2.3 billion-dollar, 2,000-room hotel-casino, which is attached to the 3-year-old Wynn Las Vegas on the Strip, debuts at a moment when Las Vegas is gripped in its worst downturn in decades.

But Wynn is confident that he'll weather the storm.

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