Two Way Hard Three | Las Vegas Casino & Design Blog

That is very sad news. A friend in Las Vegas told me it was a heart attack, but that hasn't been confirmed. The RJ said he was only 52. He had been a baseball player. He always looked like he took care of himself.
Aside from the personal tragedy, it's not good for Wynn Resorts.

Wow thats really sad and unexpected. I will miss his superior performances.

I wonder what or who will replace him over at Encore.

Couldn't believe what I was reading on my twitter feed. I'm still in shock.

My thoughts and prayers go out to his family.

Ok, everyone is thinking it, but nobody will say it. Ok i'll say it...

Is that theater jinxed? This is the 3rd show in that theater, that was brought to a fairly abrupt ending. Ave. Q, Spamalot, and now Danny Gans, nothing in that theater has ran for much longer than a year or so. I'm not superstitious, I know all the shows have good reasons for their ending, but its pretty strange. The really bad part, besides the obvious emotional aspect of things, but if you look at this from a business standpoint, this theater has been very costly for Wynn Resorts, It can take a year or more to really get a new show off the ground in this town, by the time you spend the money advertising for months to get the word out, and build up demand for a person in a certain location. Now Wynn will have to start all over for a fourth time. I'm not trying to be heartless, because this is horrible, and sad, but it does have some slightly major impact financially for Wynn Resorts. Does anyone know if his children, were still living at home? I hope they are older, and not still younger, as sad as the death of a father must be, its much more devastating when their are young children involved.

May he rest in peace...='(

Brian. Really. How can it always be about Wynn???
The Mirage Showroom is where the curse is! First Sigfried & Roy, and now Danny Gans. I think Terry Fator needs to be very--aware.

Does anyone know if the resorts carry any type of business interruption insurance for these types of things? If Celine had died a week after opening, would the entire investment be down the drain? If a famous chef dies after opening a new restaurant, would the business just have to take the financial hit? It seems that any investment of this magnitude should have some sort of risk mitigation plan in place but I'm not sure.

Posted by Hunter

Yes, they absolutely do carry business interruption insurance.

MGM Mirage was able to collect when Beau Rivage was closed due to Katrina for instance - over and above the insurance on the building itself.

When MGM Mirage was forced to cancel Siegfried & Roy after Roy was injured, I know Business Interruption covered lost ticket sales. However, I don't think it covered the incremental revenues lost in restaurants, gift shops or the casino itself. I think there was an effect on MGM's earnings. Maybe someone here is an insurance expert.

I read this blog all the time, and really enjoy the information from all the regulars, but I feel I have to say this. I understand what I've read, but come on folks...this is a tragic situation and we're already posting on what Wynn is going to do next? How about we take a few days or weeks to be sensitive to the fact that a good, married, father of 3, man died. My opinion is all I have, but as far as I'm concerned, let's at least spend some time honoring the life of Danny Gans and put the Vegas business talk on hold. My two cents....no disrespect to anyone.

I don't have an issue in discussing Gans sucessor, or other issues related to his business. We have been respectful, and his business was a very public enterprise, for which he has been paid millions of dollars. WYNN is a publicly traded company, and shareholders have a financial interest in this. I know his production company owns the Donnie & Marie show at the Flamingo, and I don't know what else. I do have the sense that over 100 jobs are directly affected, and I would think that quick and visible resolution would put a lot of those minds at ease. I also think this has been discusses in many offices where it counts.
Please keep in mind we are discussing ongoing business matters only, and, I'm sure, we would gladly leave all personal matters to Norm!.

NY Times story on Danny Gans:
http://www.nytimes.com/2009/05/21/us/21land.html?em

12 photo slideshow:
http://www.nytimes.com/slideshow/2009/05/20/us/0520LAND_index.html