Wynn bets on glitzy new Vegas casino

Wynn Resorts Ltd CEO Steve Wynn says his swanky $2.3 billion Encore casino - opening on Monday in an economy that is battering casino, travel and other consumer companies - is about perfecting the basics.

"Better service, nicer rooms, better lighting," Wynn told The Associated Press. "Themes that are corny get old quickly, but real and wonderful environments with great service are timeless."

Even if visitors think the Encore delivers on that promise, however, Wynn will have to keep prices low to keep people booking its 2,034 suites. That's because while Wynn is doing well, Las Vegas is not.