请输入您要查询的百科知识:

 

词条 Wynn Resorts
释义

  1. History

  2. Economic performance

  3. Properties in the United States

     Las Vegas Strip, Nevada  Everett, Massachusetts 

  4. Properties in China

     Cotai Strip, Macau 

  5. References

  6. External links

{{Infobox company
| name = Wynn Resorts Ltd.
| logo = Wynn Resorts new.svg
| type = Public
| traded_as = {{Unbulleted list|{{NASDAQ|WYNN}}|NASDAQ-100 component|S&P 500 component}}
| foundation = {{Start date and age|2002}}[1]
| founder = Steve Wynn
| location = Las Vegas Strip (Paradise), Nevada, U.S.
| key_people = Matthew Maddox {{small|(CEO)}}
| area_served = United States and China
| products = Casinos, Entertainment, Gaming and Resorts
| industry = Hospitality, Tourism, Gambling
| revenue = {{Profit}} $4.47 billion – 2016[1]
| operating_income = {{Increase}} $521.66 million – 2016[1]
| net_income = {{Increase}} $302.47 million – 2016[1]
| assets = {{Increase}} $11.95 billion – 2016[1]
| equity = {{Increase}} $257.88 million – 2016[1]
| num_employees = 25,200[2]
| num_employees_year = 2017
| website = {{URL|wynnresorts.com}}
}}Wynn Resorts Ltd. is an American publicly traded corporation based on the Las Vegas Strip, Nevada that is a developer and operator of high end hotels and casinos. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn, and is now run by CEO Matthew Maddox. {{as of|2018}}, the company has developed five properties and was building a sixth.[3]

History

In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million.[4]

Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation.[5] 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.[4][12]

Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.[6]

Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002.

The company's first project, Wynn Las Vegas, opened on April 28, 2005.

Wynn Macau, 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.

Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas.

Encore at Wynn Macau, the company's second project on the Macau Peninsula, Macau, People's Republic of China, opened on April 21, 2010. A second resort in Macau, Wynn Palace on the Cotai Strip, opened August 22, 2016.

Wynn bought {{convert|52|acre}} of the Cotai Strip in Macau where he hoped to break ground in 2012 for Wynn Cotai for a 2013 or early 2014 opening.

The company considered opening a casino as part of the Entertainment City development in the Philippines, but decided against it because of corruption in the country's gaming industry.[7] 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 University of Macau constituted a bribe.[5][8] Okada resigned as vice chairman in October 2011, and the following February, after a company investigation by the Freeh Group confirmed the charges against him, the board of directors forced Aruze USA to sell back its shares at a nearly 30% discount.[5] Aruze had been the company's largest shareholder, with a 19.7% stake.

On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts on the Mystic River, just north of Boston. This project will be known as Encore Boston Harbor and is scheduled to open in 2019.[9]

On February 6, 2018, Steve Wynn resigned as CEO of the company amidst sexual allegations and was replaced by Matthew Maddox.[10]

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 of Irani and Shoemaker was to reassure investors that the corporate culture was changing.[11] In April 2018, the company nominated three women to the board of directors: Dee Dee Myers, Betsy Atkins, and Wendy Webb.[12]

Economic performance

The Encore in Las Vegas opened shortly after the beginning of the Great Recession. 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.[13] 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.[14]

Properties in the United States

Las Vegas Strip, Nevada

ImageLogoPropertyDate Opened
Wynn Las Vegas{{Start date and age|2005|4|28}}
Encore Las Vegas{{Start date and age|2008|12|22}}
Wynn West{{Start date and age|2020}}

Everett, Massachusetts

ImageLogoPropertyDate Opened
Encore Boston Harbor{{Start date and age|2019|6|24}}

Properties in China

Cotai Strip, Macau

ImageLogoPropertyDate Opened
Wynn Macau{{Start date and age|2006|9|6}}
Encore at Wynn Macau{{Start date and age|2010|4|21}}
Wynn Palace{{Start date and age|2016|8|22}}

References

1. ^WYNN RESORTS, LIMITED Form 10-K, Securities and Exchange Commission, February 28, 2017
2. ^{{Cite web|url=http://fortune.com/fortune500/wynn-resorts/|title=Wynn Resorts|website=Fortune|access-date=2018-12-30}}
3. ^{{Citation |author= |publication-date=29 April 2013 |title=Two of a kind |magazine=Fortune |format=paper |page=22 }}
4. ^{{cite news|title=The revenge of Steve Wynn|first=Christopher|last=Palmeri|newspaper=MSNBC|url=http://msnbc.msn.com/id/7643881/|date=26 April 2005|accessdate=3 March 2012}}
5. ^{{cite news|last=Bradsher|first=Keith|title=Wynn Resorts Partners Split, and Accusations Fly|work=The New York Times|date=2 March 2012|accessdate=2 March 2012|url=https://www.nytimes.com/2012/03/03/business/wynn-resorts-partners-split-and-accusations-fly.html}}
6. ^{{cite web|last=Stutz|first=Howard|title=Wynn loses company president|url=http://www.lvrj.com/business/16776081.html|work=Las Vegas Review-Journal|accessdate=16 January 2013|date=18 March 2008}}
7. ^{{cite news|title=Okada wants court to stop stock seizure; Wynn says game over|first=Chris|last=Sieroty|newspaper=Las Vegas Review-Journal|url=http://www.lvrj.com/business/wynn-resorts-shares-rise-after-board-member-deemed-unsuitable-139838503.html|date=21 February 2012|accessdate=2 March 2012}}
8. ^{{cite court|litigants=Louisiana Municipal Police Employees' Retirement System v. Wynn|court=9th Cir.|date=July 18, 2016|pinpoint=p. 7|url=https://cdn.ca9.uscourts.gov/datastore/opinions/2016/07/18/14-15695.pdf|accessdate=2017-11-29}}
9. ^http://www.wbur.org/2014/09/16/wynn-everett-casino-proposal-preferred
10. ^{{Cite news|url=https://www.wsj.com/articles/steve-wynn-to-step-down-as-wynn-resorts-ceo-1517972210|title=Steve Wynn to Step Down as Wynn Resorts CEO|last=Kirkham|first=Chris|date=2018-02-07|work=Wall Street Journal|access-date=2018-02-07|language=en-US|issn=0099-9660}}
11. ^{{Cite news|url=https://www.reviewjournal.com/business/casinos-gaming/new-wynn-ceo-says-2-board-members-leaving-wynn-brand-strong/|title=New Wynn CEO says 2 board members leaving, Wynn brand strong|date=2018-03-07|work=Las Vegas Review-Journal|access-date=2018-03-19|language=en-US}}
12. ^https://www.bloomberg.com/news/articles/2018-04-18/wynn-resorts-adds-female-board-members-in-post-scandal-makeover
13. ^{{Cite news|url=http://content.time.com/time/subscriber/article/0,33009,1891748,00.html|title=When Companies Opt for Pay Cuts Instead of Layoffs|last=Kiviat|first=Barbara|date=2009-04-27|work=Time|access-date=2018-03-19|language=en-US|issn=0040-781X}}
14. ^{{Cite web|url=https://www.cnbc.com/video/2016/08/22/steve-wynn-doubles-down-on-macau-with-new-4b-casino.html|title=Steve Wynn doubles down on Macau with new $4B casino|website=CNBC|access-date=2018-03-19}}

External links

  • {{official website|http://www.wynnresorts.com/|Wynn Resorts}}
{{Wynn Resorts}}{{NASDAQ-100}}

8 : 2002 establishments in Nevada|2002 initial public offerings|Companies based in Paradise, Nevada|Companies established in 2002|Companies listed on NASDAQ|Gambling companies of the United States|Hospitality companies of the United States|Sexual harassment in the United States

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/11/12 2:23:40