Image Credit: Warner Bros. Pictures

A friend’s bachelor party is next weekend.

The Saturday festivities will be in Atlantic City, New Jersey, the continental gambling sidekick to Nevada’s Las Vegas.

Coincidentally, this upcoming 5th of June will mark the 10-year anniversary of The Hangover (2019) hitting American theaters.

On The Rewatchables podcast, The Ringer took a look back at one of this century’s best comedies:

Last week, as I was writing out a list of stocks I liked and ones I didn’t, I realized I was using a Wynn ($WYNN) Palace pen.

It was a free souvenir from my trip to Macau and the accommodating yet expensive Wynn Palace spa treatment to which I treated myself.

I’m a long-time fan of Wynn Resorts and its family of casinos, which is why I sometimes go out of my way to visit and pay for its amenities since I don’t gamble.

Next month might mark the grand opening of Encore Boston Harbor, Wynn’s latest casino, in Everett, Massachusetts:

Assuming the company completes its final lap of dealing with the Massachusetts Gaming Commission, the doors should open on the morning of Sunday, 23 June:

Wynn Resorts founder Steve Wynn was accused of sexual misconduct in early 2018 and is no longer affiliated with the company that bears his name.

As a result, what would’ve likely been called Wynn Boston Harbor is now named Encore Boston Harbor as a precaution.

Even after donating $7.5 million in 1995 to my alma mater, all mentions of Mr. Wynn’s name have been removed:

I am not summoning Steve Wynn’s name to excuse him from public criticism and all the legal proceedings that he personally faced.

But I do know a good hospitality experience when I get one and the employees that have taken over the mantle of his casinos know they have to walk an extra mile to appease its demanding clientele.

Jeff Bezos’s space company, Blue Origin, has a Latin motto: “Gradatim Ferociter,” which translates to “step-by-step, ferociously.”

Maybe later this year, I will check out Encore Boston Harbor to see if Wynn Resorts is keeping its 5-star hotel experience streak alive.

As Josh Brown pointed out on his blog yesterday: when the competition is fierce and attention spans are limited, you better know when to take risks and make your competitive advantages well-known:

There are now hundreds of music festivals. They used to take place during the three months of summer but now they are year-round, a dozen at least, every month. There are so many that the organizers of Woodstock Fifty, the commemorative concert for the original music festival, can barely get enough media attention and cultural oxygen to survive. There are so many craft beers on the market that the Boston Beer Company’s Sam Adams brew — the original that defined the genre — is almost an afterthought at this point in time.

This is what crowds do to opportunities. No matter how good you are, if what you’re doing is very profitable, others will copy you and will be ‘good enough’ to impinge on your game. Which is why the best investments are those with moats — companies that are so good at something that their abilities and assets literally act as a barrier to those who would follow and imitate. These competitive advantages you build won’t necessarily keep crowds off the mountain trail, but if you can build them to be formidable enough, they should dissuade enough of the horde to follow other trails elsewhere.

And if you find yourself doing things just because the whole crowd around you is doing them, it may feel safe at the present time, but over the long-term, that safety is not going to yield anything more than the mediocre results everyone else in the crowd will be topping out at. Being special requires taking a risk and doing something unproven — and difficult — before it becomes just another selfie opportunity for everyone else.

Encore Boston Harbor isn’t the first casino ever in New England, but it may soon be the best one.