Wynn Resorts

    Website: http://www.wynnresorts.com/

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination casino contains two luxury hotel towers (Wynn Macau and Encore) with a total of 1,008 spacious rooms and suites, approximately 280,000 square feet of casino space, casual and fine dining in eight restaurants, approximately 57,000 square feet of retail space, and recreation and leisure facilities, including two health clubs and spas and a pool. It opened Wynn Palacein August 2016. Its Las Vegas operations (Wynn Las Vegas and Encore) feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs, an on-site 18-hole golf course, meeting space, a Ferrari and Maserati dealership, approximately 96,000 square feet of retail space, two showrooms, three nightclubs and a beach club.Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100 Indexes.

    People

    Steve Wynn

    Mr. Wynn, 74, has served as chairman and chief executive officer of Wynn Resorts Limited since June 2002. Mr. Wynn has been an executive director, the chairman of the board of directors and chief executive officer of Wynn Macau, Limited, a majority owned subsidiary of the company, since September 2009 and president of Wynn Macau, Limited until January, 2014.Mr. Wynn has also served as Director, Chairman and Chief Executive Officer of Wynn Resorts (Macau) S.A. since October 2001. Mr. Wynn serves as an officer and/or director of several subsidiaries of Wynn Resorts, Limited. During his time as chairman, chief executive officer and president of Mirage Resorts, Mr. Wynn developed, opened and operated The Mirage, Treasure Island and Bellagio in 1989, 1993 and 1998, respectively.

    Erik Hansen

    Erik Hansen is the Chief Sustainability Officer of Wynn Resorts. In his role, Hansen is responsible for the development of the company's global sustainability strategy and energy procurement goals. Originally serving as Director of Energy Procurement for Wynn Resorts since 2016, Hansen has been instrumental in instituting several large-scale sustainability and renewable energy projects that have moved Wynn Resorts into a leadership position in environmental stewardship. Most notable have been the negotiation, build, and opening of the 160-acre 20 MW Wynn Solar Facility; management of Wynn Las Vegas' shift to the open energy market; and the creation of an energy supply plan that integrates the first micro grid to be implemented at an individual resort at the Encore Boston Harbor property. Hansen has more than 25 years of experience, and is a current member of the Nevada Governor's Committee on Energy Choice. He began his career in the energy industry at NV Energy where he spent more than 10 years in various capacities including power trading, transmission policy and contracts, business development, and project leadership. Before joining Wynn Resorts, Hansen served as Vice President at EnergySource, where he represented a broad base of Nevada'slargest energy customers across industries including mining, gaming, data centers, utilities, and technology.

    Matthew Maddox

    CEO Wynn Resorts

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    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Lawsuit against Wynn Resorts board dismissed

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn palace confirms August 22 opening date

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn stocks rally ahead of opening: Morgan Stanley

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Fitch affirms ‘BB’ IDR for Wynn Resorts

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Galaxy’s trademark appeal denied by court

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn says Wynn Palace to open in Q3, confirms Q1 results

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Government to audit junkets’ bad debts

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Palace will provide long term growth prospects: Bernstein

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Palace opening likely pushed to August

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Q1 results top estimates

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Palace to potentially miss June deadline

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Las Vegas Sands boss says more discounting of Macau rooms to come

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Macau casino operators cuts number of shuttle buses routes

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Steve Wynn annual renumeration fell 18 percent in 2015

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn puts Boston project on hold

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Macau reports 27 percent revenue decrease in Y15Q4

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn sees Q4 Macau revenue down 26 percent, Las Vegas strong

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Steve Wynn buys one million shares of his company’s stock

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn delays opening of $4.1b Cotai resort

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Weaker-than-expected start for Macau Nov. GGR

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Okada to face U.S. questions over Wynn ouster

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts 3Q earnings plunge on Macau slump, missing expectations

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Macau EBITDA seen down 36 percent in Q3

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    LVS Macau mass market share drops in Sept., Wells Fargo says

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    IGT to install suite at Wynn casinos; lineup “impressive” at G2E

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Macau casino stocks plunge on Neptune warning, visitor concern

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts withdraws application for NJ online gambling

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn discusses investment opportunities in New South Wales

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Boston says Wynn representatives knew of mob ties to land

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Two thirds of casino employees back smoking lounges: survey

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Grant Bowie dismisses merger speculation

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Macau casino stocks gain as CS points to “green shoots”

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Investors not cautious enough on Macau, Morgan Stanley says

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn makes no apology for dividend cut

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts dividend cut reflects uncertain outlook in Macau

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts shares tank as 15Q1 earnings miss estimates, dividend cut

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Elaine Wynn loses boardroom battle

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts board room battle heats up

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Casino stocks take a hit after visitor cap announced

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Casinos in Vegas begin to go cashless

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Glass Lewis supports Wynn director nominees

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Wynn Resorts Q4 profit almost halves as Macau revenue tumbles

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Debate percolates over future gaming concessions in Macau

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Macau operators’ Q4 EBITDA seen down 11 percent

    Wynn Resorts Limited, is a casino operator, which owns 72.2 percent of Wynn Macau, Limited, which operates a casino hotel resort property in the Macau Special Administrative Region of the People’s Republic of China. The Company also owns and operates a casino hotel resort property in Las Vegas, Nevada.Its Macau resort is a resort destination […]

    Surviving the titans

    Besides being titans in the casino world, there’s something else that Sheldon Adelson, Stanley Ho, Lim Kok Thay and Steve Wynn have in common and this factor may lead to important regulatory repercussions for their business empires.

    Japan local governments gather at the starting line

    The year 2017 saw a distinct acceleration in the race to obtain licenses to build and operate Japan’s first IRs. While everyone agrees that the potential scope of the market is vast, without the precise locations and the terms of regulation yet being clarified, estimations of the ultimate size of this market remain little more than guesswork. Progress in the year was once again stalled by politics, though operators are hoping to push forward in 2018 with both the legislative framework and their own groundwork.

    Concession clarity lacking as deadline approaches

    In just three years, the first of the licenses awarded to Macau’s concessionaires expire and, despite the billions of dollars invested by the operators in the market, there is still no clarity over the renewal process. There is no mechanism under the current law for automatic renewal which, as the deadline approaches, is leading to increasing concern in the market as to the tack the government may take. Views on the ground are mixed.

    Taking stock

    Asia’s gaming markets have seen a strong first half, with Macau, the Philippines and Cambodia leading the way, prompting some analysts to revise upwards their targets for the full year. But it hasn’t all been plain sailing; the fatal attack on Resorts World Manila lead to a suspension of its gambling operations in June, while South Korea continues to underperform after a diplomatic spat with China, which banned tour groups after Seoul agreed to deploy a U.S. missile shield.

    Attracting MICE

    Macau saw a 62 percent spike in MICE visitation in the first quarter, helped by government subsidies, though the territory still faces considerable hurdles to reach its full potential as an events and exhibitions destination. Macau has lost out to regional rivals due to a lack of hotel capacity, limited venues, poor transport links and a branding problem and although problems are gradually being addressed progress is slow.

    Non-gaming revenues rise, but offering fails to inspire

    Chinese Premier Li Keqiang praised Macau’s efforts to diversify its economy during a three-day visit last year, but market experts say operators are still trying to get the recipe right when it comes to non-gaming attractions and face an uphill struggle. Revenue from non-gaming has improved, however, Macau is still far from being a destination that will attract visitors for its tourism offering off the casino floor. 

    Outlook improves, but China remains in driver’s seat

    Macau got off to a good start in January, with GGR in the initial weeks higher than expected, though few expect any return to the stellar growth rates of the past, with China still likely to be the driving factor for casino operators. Beijing’s crackdown on corruption triggered a two-year slump in gaming revenue and going forward the performance of its economy, efforts to control capital outflows and its ongoing fight against graft will all play a role in determining the strength of the local gaming market.

    Macau gets most expensive casino yet, with Wynn Palace debut

    Macau will see its most expensive casino to date open its doors this week, when Wynn Resorts' high-end $4.2 billion Wynn Palace makes its debut on Monday after a series of construction delays.  

    Cotai resorts seen viable, but returns to disappoint

    The multi-billion properties opening up on Macau’s Cotai strip are still likely to be viable, despite the slump in gaming revenue in the territory, though returns will fall far short of the levels expected when the resorts were first planned, analysts say. The six operators are set to almost double their room capacity over the next two years at a time of unprecedented uncertainty for the revenue outlook. 

    2016 – what comes next for Macau and the region?

    Asia Gaming Brief asked its advisors David Green, John English, Luis Mesquita de Melo, Andrew Klebanow and Steve Gallaway, to look ahead and share with us what they believe are the underlying currents for the Asian Gaming industry in 2016. Views may differ but the one common denominator is the shifting of the sands - something will have to give…An end to the IR “arms race," by David Green The strong will survive, by Steve GallawayEnough about the Millennials, by Andrew KlebanowMacau will continue the race to reinvent, by John EnglishThe “golden” gap for emerging jurisdictions,  by Luis Mesquita de Melo 

    Macau casinos putting cost cuts above customer care?

    As Macau’s gross gambling revenue has slumped, operators have been paring costs to the bone to protect margins, with the first casualty usually being spending on marketing and player reinvestment.However, this may be a short-sighted approach that will cost dearly in the longer term. 

    How will Macau treat casino gaming license renewals?

    The government’s mid-term review of Macau’s six gaming operators is now well underway, assessing the strengths and weaknesses of the concessionaires and sub-concessionaires ahead of the expiry of current concessions.Against a backdrop of a year of falling gambling revenue and a crackdown on corruption by mainland China, it has added a further layer of regulatory uncertainty in the market.
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