wynn resorts

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wynn resorts

Wynn Resorts Appoints Erik Hansen as First Chief Sustainability Officer

Wynn Resorts | June 7, 2018

LAS VEGAS, June 7, 2018 -- Wynn Resorts announced today the appointment of Erik Hansen as the company's first Chief Sustainability Officer. In this newly-created role, Hansen is responsible for the development of the company's global sustainability strategy and energy procurement goals. "Erik has proven to be a visionary as we continue to deepen our company's sustainability strategy and make monumental moves towards taking control of our energy future," said Kim Sinatra, EVP and General Counsel for Wynn Resorts. "His experience extends across all facets of environmental protection and government regulation, an...

Galaxy Entertainment to Purchase 5.3 Million Primary Shares of Wynn Resorts; Former CEO and Founder Steve Wynn to Sell Remaining Eight Million Shares

Galaxy Entertainment Group | March 23, 2018

HONG KONG and LAS VEGAS, March 23, 2018 -- Galaxy Entertainment Group (HKEx stock code: 27) and Wynn Resorts, Limited (NASDAQ: WYNN) today announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts. Galaxy Entertainment Group Vice Chairman Francis Lui said, "This is a unique opportunity to acquire an investment in a globally recognized entertainment corporation with exceptionally high quality assets and a significant development pipeline." "It is an honor to have such a distinguished company a...

Steve Wynn Steps Down as Chairman and CEO of Wynn Resorts

Wynn Resorts | February 7, 2018

LAS VEGAS, Feb. 7, 2018 -- Wynn Resorts released the following statements today regarding Chairman and CEO Steve Wynn: STATEMENT FROM WYNN RESORTS: The Board of Directors of Wynn Resorts reluctantly announced today that it accepted the resignation of Steve Wynn as CEO and Chairman of the Board of Directors. The board has appointed Matt Maddox, currently President of the Company, as its CEO, and Boone Wayson as Non-Executive Chairman of the Board of Directors, effective immediately. "It is with a collective heavy heart, that the board of directors of Wynn Resorts today accepted the resignation of our founder, CEO and friend Steve Wy...

Wynn Resorts Reaches Agreement to Purchase Land Across From Wynn Las Vegas for Future Development

Wynn Resorts | December 14, 2017

LAS VEGAS, Dec. 14, 2017 -- Wynn Resorts announces it has reached an agreement to purchase approximately 38 acres of land on the Las Vegas Strip directly across from Wynn Las Vegas. The purchase includes the 34 acre site of the former New Frontier, formerly the Alon Resort site, as well as 4 additional acres connected to the site for a total of $336 million. The agreement completes a unique assembly of contiguous real estate of approximately 280 acres that spans from the Las Vegas Convention Center on Paradise Road from the east, to Industrial Road on the west. The combined frontage on the Las Vegas Strip is over 3,500 feet, including r...

Wynn Resorts, Limited Reports Q1 2017 Net Revenues of $1.48 Billion, an Increase of 47.9% from $997.7 Million for the Same Period of 2016

Wynn Resorts, Limited | April 26, 2017

LAS VEGAS--Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2017. Net revenues were $1.48 billion for the first quarter of 2017, an increase of 47.9%, or $478.0 million, from $997.7 million for the same period of 2016. The increase was the result of $475.8 million from Wynn Palace and an increase of $23.4 million from our Las Vegas Operations, partially offset by a decrease of $21.2 million from Wynn Macau. On a U.S. generally accepted accounting principles ("GAAP") basis, net income attributable to Wynn Resorts, Limited was $100.8 million, or $0.99 per diluted share, ...

Wynn Resorts Appoints Craig S. Billings as Chief Financial Officer

Wynn Resorts | February 23, 2017

LAS VEGAS, Feb. 23, 2017-- Wynn Resorts today announced the appointment of Craig S. Billings to the executive team as Chief Financial Officer. Mr. Billings is a highly respected veteran of both the gaming and banking industries, and brings extensive experience in business innovation to the company. Mr. Billings has been a key executive in the gaming industry, specializing in digital innovation, mergers and acquisitions and capital structure management. He has held leadership positions at Aristocrat Leisure Limited, including Chief Digital Officer and Managing Director of Strategy and Business Development, and at International Game Techn...

Wynn Resorts Reports Q3 2016 Net Loss of $17.4 million, a Decrease of 118.4% Over Q3 2015

Wynn Resorts | November 4, 2016

LAS VEGAS----Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the third quarter ended September 30, 2016. The reported financial results include 40 days of operations of Wynn Palace, which opened on August 22, 2016. Net revenues were $1.11 billion for the third quarter of 2016, an increase of 11.4%, or $113.5 million, from $996.3 million for the same period of 2015. The increase was the result of $164.6 million from Wynn Palace and an increase of $15.9 million from our Las Vegas Operations, partially offset by a decrease of $67.0 million from Wynn Macau. On a U.S. GAAP basis, net loss attributable to Wynn Resort...

Long-Awaited Wynn Palace Set to Open on the Cotai Strip in Macau

Wynn Resorts | August 17, 2016

MACAU, Aug. 17, 2016 -- After six years of development, Wynn Resorts will open the doors to Wynn Palace, the latest masterpiece resort from Steve Wynn, at 8pm on August 22, 2016. Representing the culmination of his over 45 years of experience in hospitality, this spectacular new destination is set to redefine luxury as part of Macau's exciting development into a world center of tourism and leisure. The floral-themed Wynn Palace will transport guests into a world of beauty, excitement and entertainment, starting with a breathtaking ride in air-conditioned SkyCabs that traverse the stunning 8-acre Performance Lake and into the heart o...

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