593:. Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to the original 190 tables and 2000 slots), net casino revenues for the combined resort were initially lower. Similarly, in the first quarter of 2009, net revenues of the Macau operations declined. Following the global economic recovery, performance of the Wynn properties also recovered. Wynn remained the only gaming operator to not perform mass layoffs during the recession. In 2017 CNBC reported that Wynn's stock was up 44% for the year and that Wynn's Macau operations were the leading US-based resorts there. Wynn resorts continued to operate during the pandemic while requiring employees who choose not to receive a COVID-19 vaccination to submit weekly test results for the virus. The company indefinitely suspended it dividend in response to liquidity issues during the pandemic. Shortly after pandemic restrictions were lifted in the United States and in Macau, the company began a recovery of revenues and profits. In 2022 it bought back $ 628 million shares.
758:
491:, but decided against it because of corruption in the country's gaming industry. Okada decided to proceed with the project alone, leading to the rupture of his partnership with Wynn. The dispute went public with reciprocal accusations of corrupt practices. Wynn and his allies accused Okada of bribing Philippines gaming regulators with over $ 110,000 in benefits, including free nights in a luxury suite at Wynn Las Vegas, while Okada claimed that Wynn Resorts' record $ 135 million donation to the
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On
November 9, 2021, Wynn announced that Matthew Maddox would be stepping down as CEO on January 31, 2022. Craig Billings was named as successor to Maddox. Previously, Craig Billings was the CEO of Wynn Interactive and former CFO of Wynn Resorts. Billings assumed the role of CEO effective February 1,
517:
On
February 6, 2018, Steve Wynn resigned as CEO of the company amidst sexual allegations and was replaced by Matthew Maddox. Amid sexual harassment lawsuits involving directors, Maddox announced the planned departure of two board members, Ray Irani and Alvin Shoemaker, on March 7, 2018. The departure
521:
Talks between Wynn and Crown
Resorts of Australia for a $ 7.1 billion offer collapsed in April 2019; analysts saw the bid as an attempt to diversify away from Macau, where its license was set to expire in 2022. A joint deal between the government of Macau, Las Vegas Sands, Wynn, and MGM extended the
601:
47% of Wynn's
American employees are unionized. The largest union of Wynn employees is the Culinary Workers Union which agreed to delay automatic contractual wage increases for its members during the COVID-19 pandemic. In 2023 the union reached a new five year agreement with Wynn which provided pay
549:
later prompted Wynn to make "substantive changes to plans in response to concerns"; the revised plan now includes 5.6 acres of public green space in order to generate thousands of union jobs. In March 2024, Wynn
Resorts released renderings of the proposed resort and other components of the western
544:
to develop an integrated resort with a casino on the western yard. The next year, it was announced that the plan would include a "'resort' tower" as well as a casino and hotel. The plan included a 2-million-square-foot office tower, as well as 5.5 acres of public parkland, a public school, and a 1
2025:
419:. Wynn, together with Universal subsidiary Aruze USA, controlled almost half the stock, making it harder for outside investors to exert control, as they had done at Mirage in response to Wynn's prolific spending.
518:
of Irani and
Shoemaker was to reassure investors that the corporate culture was changing. In April 2018, the company nominated three women to the board of directors: Dee Dee Myers, Betsy Atkins, and Wendy Webb.
499:
confirmed the charges against him, the board of directors forced Aruze USA to sell back its shares at a nearly 30% discount. Aruze had been the company's largest shareholder, with a 19.7% stake.
1503:
Ese
Erheriene (May 7, 2019). "Casino Boom in Asia Pressures Vegas Operators: Region's new venues aim to draw gamblers beyond Macau, U.S. giants' longtime hub". Wall Street Journal. p. B5.
496:
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959:
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447:, the company's second project started construction on June 28, 2004. It opened September 5, 2006 and is now the largest-grossing casino in the region.
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Wynn bought 52 acres (21 ha) in Cotai, Macau where he hoped to break ground in 2012 for Wynn Cotai for a 2013 or early 2014 opening.
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On
September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts' proposed $ 1.6 billion casino to be located in
495:
constituted a bribe. Okada resigned as vice chairman in
October 2011, and the following February, after a company investigation by the
1569:
1201:
404:, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the
453:, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas. Encore at
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581:. Wynn Resorts is also exploring the possibility of developing a property in Thailand if gambling is legalized there.
234:
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565:. Wynn Resorts is proposing to build a 1,189 foot tall 80 story hotel and casino above the western portion of the
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as president and director in 2002 in order to help take the company public and oversee its expansion.
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million-square-foot apartment building with 329 affordable housing units. However, supporters of the
372:, that is a developer and operator of high-end hotels and casinos. It was founded in 2002 by former
1574:
423:
2041:"Related Companies Reveals Bid for Supertall Skyscraper Casino Complex in Hudson Yards, Manhattan"
1871:"Wynn Resorts CEO says 60% of employees have been vaccinated, despite company not mandating shots"
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1974:"Wynn Ras Al Khaimah to open in 2026: Integrated Resort to be Bigger than Original in Las Vegas"
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514:. This project will be known as Encore Boston Harbor and was scheduled to open in 2019.
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1783:"The Wynn Al Marjan Island resort in the UAE will open by 2027 – Business Traveller"
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1728:"Wynn and Related unveil renderings of proposed Hudson Yards casino development"
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1754:"New Renderings Revealed For Wynn Resorts At Phase Two Of Hudson Yards"
1619:"Related Companies and Wynn to Bid for New Casino in Midtown Manhattan"
1542:"Wynn Resorts, CEO Matt Maddox won't appeal Mass. fines and conditions"
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As of 2024, Wynn
Resorts is bidding for a casino license to build an
546:
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1645:"Hudson Yards developer reveals revised $ 10 billion bid for casino"
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Gaming Commission and the $ 500,000 fine placed on Matthew Maddox.
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The Encore in Las Vegas opened shortly after the beginning of the
1617:
Dana Rubinstein; Nicole Hong; Matthew Haag (September 15, 2022).
1479:"Wynn Resorts Adds Three Women to Board in Post-Scandal Shake-Up"
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raises for the employees and was approved with 99% of the vote.
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Louisiana Municipal Police Employees' Retirement System v. Wynn
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1798:"Wynn Expects $ 900M UAE Spend, Interested in Thailand Casino"
1598:"Wynn Resorts' New CEO Likes His Odds, Despite Macau Troubles"
1454:"New Wynn CEO says 2 board members leaving, Wynn brand strong"
1334:"Okada wants court to stop stock seizure; Wynn says game over"
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1922:"99 percent of Wynn workers ratify union contract agreement"
686:
2026:"Wynn's plans to build a third tower on Strip still alive"
1643:
Steve Cuozzo; Josh Kosman; Carl Campanile (May 28, 2023).
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569:. The hotel would have 1,750 rooms, making it one of the
338:
384:. As of 2020, the company has developed six properties.
1845:"Steve Wynn doubles down on Macau with new $ 4B casino"
483:
The company considered opening a casino as part of the
469:, opened on April 21, 2010. A second resort in Macau,
2039:
Young, Michael; Pruznick, Matt (February 24, 2024).
1813:"When Companies Opt for Pay Cuts Instead of Layoffs"
411:
Wynn found an early partner in Japanese billionaire
368:
is an American publicly traded corporation based in
540:In late 2022, Wynn entered into a partnership with
1516:"Concession awards mark a reset for Macao casinos"
1305:"Wynn Resorts Partners Split, and Accusations Fly"
610:
437:on October 25, 2002. The company's first project,
1948:"Wynn Resorts Wants to Bring 'Gaming' to the UAE"
2252:
1246:"Craig Billings | Management | WYNN RESORTS LTD"
1769:"Wynn Nearing Start of UAE Hotel Construction"
1220:"US SEC: 2019 Form 10-K Wynn Resorts, Limited"
2114:
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2000:"Wynn Al Marjan Island unveils design vision"
1502:
1422:"Steve Wynn to Step Down as Wynn Resorts CEO"
1388:, p. 7 (9th Cir. July 18, 2016),
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573:. Wynn is also set to break ground on
457:, the company's second project on the
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1568:Maddox, Matthew (November 9, 2021).
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1767:Shriber, Todd (February 11, 2024).
1540:Dumcius, Gintautas (May 28, 2019).
1332:Sieroty, Chris (21 February 2012).
417:Universal Entertainment Corporation
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611:Properties in the United States
571:largest hotels in New York City
349:Footnotes / references
2286:Companies listed on the Nasdaq
1811:Kiviat, Barbara (2009-04-27).
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1360:"Wynn loses company president"
1250:wynnresortslimited.gcs-web.com
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1:
2266:2002 initial public offerings
2261:2002 establishments in Nevada
1796:Shriber, Todd (May 8, 2024).
1669:Chen, Stefanos (2024-07-10).
1420:Kirkham, Chris (2018-02-07).
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422:Wynn hired investment banker
1726:Brad Luck (March 14, 2024).
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7:
1274:"The revenge of Steve Wynn"
1190:, p. 22, 29 April 2013
97:; 22 years ago
10:
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1928:. Las Vegas Review Journal
477:, opened August 22, 2016.
467:People's Republic of China
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361:Previous Wynn Resorts logo
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1338:Las Vegas Review-Journal
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1703:"Protect The High Line"
1547:Boston Business Journal
529:35 million fine to the
431:initial public offering
16:American casino company
1147:; 24 years ago
1134:; 74 years ago
878:; 14 years ago
849:; 18 years ago
847:September 6, 2006
706:; 15 years ago
704:December 22, 2008
672:; 19 years ago
504:Everett, Massachusetts
429:Wynn Resorts made its
380:and is now run by CEO
362:
1707:Protect The High Line
1409:. September 16, 2014.
960:Wynn Al Marjan Island
907:; 8 years ago
777:; 5 years ago
575:Wynn Al Marjan Island
366:Wynn Resorts, Limited
360:
20:Wynn Resorts, Limited
2174:Encore Boston Harbor
2151:Encore at Wynn Macau
1145:August 28, 2000
905:August 22, 2016
872:Encore at Wynn Macau
771:Encore Boston Harbor
585:Economic performance
579:United Arab Emirates
1426:Wall Street Journal
1226:. February 28, 2020
1132:April 24, 1950
978:Proposed properties
876:April 21, 2010
792:Properties in China
670:April 28, 2005
493:University of Macau
487:development in the
408:for $ 270 million.
325:Number of employees
21:
1980:. 13 November 2022
1675:The New York Times
1514:Brewer, Contessa.
1309:The New York Times
1067:Wynn New York City
775:June 23, 2019
485:Entertainment City
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329:27,000 (2022)
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1954:. 27 January 2022
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2028:. June 18, 2024.
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398:Mirage Resorts
389:
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374:Mirage Resorts
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420:
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200:Entertainment
197:
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2216:(co-founder)
2130:Wynn Resorts
2129:
2034:
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2008:. Retrieved
2003:
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1977:
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1485:. 2018-04-18
1482:
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1460:. 2018-03-07
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1407:www.wbur.org
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1214:
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1058:Date Opening
1057:
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951:Date Opening
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508:Mystic River
501:
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443:
428:
421:
410:
391:
365:
364:
348:
295:Total equity
275:Total assets
131:Headquarters
34:Company type
2221:Kazuo Okada
2156:Wynn Palace
2086:SEC filings
1984:18 November
1958:18 November
1581:November 9,
1206:www.sec.gov
1119:Date Closed
1114:Date Opened
901:Wynn Palace
822:Date Opened
750:Date Opened
645:Date Opened
497:Freeh Group
489:Philippines
471:Wynn Palace
413:Kazuo Okada
339:wynnresorts
317:Elaine Wynn
226:3.7 billion
147:Area served
122:Kazuo Okada
78:Hospitality
64:S&P 500
2306:Steve Wynn
2255:Categories
2213:Steve Wynn
2206:Key people
2146:Wynn Macau
1932:13 January
1855:2018-03-19
1830:2018-03-19
1712:2024-07-10
1688:2024-07-10
1489:2020-09-17
1464:2018-03-19
1439:2018-02-07
1369:16 January
1255:2022-02-01
1162:References
1152:2000-08-28
1139:1950-04-24
1128:Desert Inn
912:2016-08-22
883:2010-04-21
854:2006-09-06
843:Wynn Macau
782:2019-06-23
711:2008-12-22
677:2005-04-28
606:Properties
455:Wynn Macau
445:Wynn Macau
406:Desert Inn
394:Steve Wynn
378:Steve Wynn
319:, (8.25%)
255:Net income
176:Key people
117:Steve Wynn
2071:Bloomberg
1905:1 October
1825:0040-781X
1683:0362-4331
1525:1 October
1434:0099-9660
1202:"DEF 14A"
1016:Wynn West
547:High Line
402:MGM Grand
392:In 2000,
161:Las Vegas
66:component
46:Traded as
2010:29 April
1877:13 April
1109:Property
1053:Property
1039:New York
1002:Property
946:Property
817:Property
745:Property
640:Property
192:Products
139:Paradise
110:Founders
74:Industry
2081:Reuters
1649:NY Post
1553:May 29,
1343:2 March
1314:2 March
1283:3 March
1230:May 26,
1187:Fortune
1182:(paper)
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537:2022.
506:on the
388:History
334:Website
214:Revenue
208:Resorts
196:Casinos
157:(China)
100: (
92:Founded
82:Tourism
57::
2184:Nevada
2091:Yahoo!
2076:Google
1873:. CNBC
1823:
1737:May 3,
1681:
1654:May 3,
1628:May 3,
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1095:Nevada
988:Nevada
621:Nevada
512:Boston
451:Encore
435:NASDAQ
308:(2022)
288:(2022)
268:(2022)
248:(2022)
228:(2022)
204:Gaming
167:(U.S.)
165:Nevada
86:Gaming
55:Nasdaq
2232:(CEO)
2138:Macau
1278:MSNBC
1104:Image
1048:Image
997:Image
941:Image
807:Image
798:Macau
735:Image
630:Image
475:Cotai
463:Macau
313:Owner
155:Macau
2012:2023
1986:2022
1960:2022
1934:2024
1907:2023
1879:2021
1849:CNBC
1821:ISSN
1817:Time
1739:2024
1679:ISSN
1656:2024
1630:2024
1583:2021
1555:2019
1527:2023
1520:CNBC
1430:ISSN
1390:Text
1371:2013
1345:2012
1316:2012
1285:2012
1232:2020
812:Logo
740:Logo
635:Logo
341:.com
224:US$
206:and
102:2002
95:2002
59:WYNN
1952:CNN
1732:NBC
1075:TBD
1071:TBD
1024:TBD
1020:TBD
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