Utilize the input text as a context reference, choose the right relationship between Wynn Resorts and Las Vegas from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Shares in Wynn Resorts Ltd have lost over half their value since last year and those of Las Vegas Sands Corp are down nearly 40 percent from their 2014 high.

Answer: headquarters_location