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and COO of Wynn Las Vegas |
| LAS VEGAS - Oct. 6, 2005 -- Wynn Resorts, Limited (NASDAQ: WYNN) is
pleased to announce that Andrew Pascal has been promoted to President and
Chief Operating Officer of Wynn Las Vegas. He will be responsible for overseeing
the daily operations of the resort.
Mr. Pascal, who was Executive Vice President and COO of Wynn Las Vegas, has been with Wynn Resorts since 2003, and accumulated more than 15 years of casino industry experience beginning with the Golden Nugget and continuing with the opening and operation of The Mirage casino resort. He was co-founder and President of Silicon Gaming, a Silicon Valley company that developed and manufactured unique slot machine products. Following the sale of Silicon Gaming to IGT, he became President and CEO of WagerWorks, where he guided that company through its early stages of development of internet gaming software. As President of Wynn Las Vegas, Mr. Pascal succeeds Marc Schorr, who will continue to serve as Chief Operating Officer of Wynn Resorts, Limited. Mr. Schorr served a dual role as COO of the parent company and as President of Wynn Las Vegas throughout the resort's development, construction, and opening in April of this year. In his continuing role as COO of Wynn Resorts, Limited, Mr. Schorr will concentrate on the last stages of planning for the opening of Wynn Macau, which is scheduled for the third quarter of 2006. He also will focus on the Company's future development of its Las Vegas real estate assets. Wynn Resorts, Limited is traded on the Nasdaq National Market under the ticker symbol WYNN and is part of the NASDAQ-100 Index. The company owns and operates Wynn Las Vegas (www.wynnlasvegas.com), a luxury hotel and destination casino resort located on the Las Vegas Strip which opened to the public on April 28, 2005. Wynn Las Vegas features 2,716 luxurious guest rooms and suites; an approximately 111,000 square foot casino; 22 food and beverage outlets; an on-site 18-hole golf course; approximately 223,000 square feet of meeting space; an on-site Ferrari and Maserati dealership; and approximately 76,000 square feet of retail space. Wynn Resorts, Limited is currently constructing Wynn Macau, a destination casino resort in the Macau Special Administrative Region of the People's Republic of China. |
| Contact:
Wynn Resorts, Limited
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| Also See: | Chairman Steve Wynn and Shareholders of Wynn Resorts Ltd. Hold Annual Meeting at Just Opened Wynn Las Vegas / May 2005 |
| Hotel Performance in Macau Is On its Way to Winning the Jackpot / Deloitte / April 2005 |
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