Wynn Resorts
(NASDAQ: WYNN)
137.86
-1.44
-1.03%
-1.44
-1.03%
MORE ON WYNN
COMPANY INFORMATION
| Exchange: | NASDAQ national market |
| Stock: | Wynn Resorts Ltd |
| Industry: | Resorts & Casinos |
| Employees: | 16,000 |
DESCRIPTION
| Wynn Resorts Ltd is a Nevada corporation formed in June 2002. The Company is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts. In Las Vegas, Nevada, it owns and operates “Wynn Las Vegas,” which includes “Encore at Wynn Las Vegas.” In the Macau Special Administrative Region of the People’s Republic of China it owns and operates “Wynn Macau” which includes “Encore at Wynn Macau. The Company’s reportable segments are Las Vegas Operations and Macau Operations. Wynn Las Vegas opened on April 28, 2005. On December 22, 2008, it opened Encore at Wynn Las Vegas, an expansion of Wynn Las Vegas. The Company’s Las Vegas Operations feature approximately 4,750 hotel rooms and suites, 220 table games, 2,430 slot machines and a poker room in approximately 186,000 square feet of casino gaming space, (including a sky casino and private gaming salons), casual and fine dining in 35 food and beverage outlets, two spas and salons, lounges, and approximately 97,000 square feet of retail space featuring boutiques from Alexander McQueen, Brioni, Cartier, Chanel, Dior, Graff, Hermes, Loro Piana, Louis Vuitton, Manolo Blahnik, Oscar de la Renta, Vertu and others. The Company’s Las Vegas Operations also offer three nightclubs, a beach club, a Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, approximately 283,000 square feet of meeting space, a specially designed theater presenting “Le Rêve-The Dream,” a water-based theatrical production, and an Encore Theater presenting Garth Brooks and other headliner entertainment acts. Wynn Macau opened on September 6, 2006. On April 21, 2010, the Company opened Encore at Wynn Macau, an expansion of Wynn Macau. Its Macau Operations feature approximately 1,008 hotel rooms and suites, 486 table games, 930 slot machines and a poker pit in approximately 265,000 square feet of casino gaming space, (including a sky casino and private gaming salons), casual and fine dining in eight restaurants, two spas and a salon, lounges, meeting facilities and approximately 54,200 square feet of retail space featuring boutiques from Bvlgari, Cartier, Chanel, Dior, Dunhill, Ferrari, Giorgio Armani, Gucci, Hermes, Hugo Boss, Louis Vuitton, Miu Miu, Piaget, Prada, Rolex, Tiffany, Tudor, Vacheron Constantin, Van Cleef & Arpels, Versace, Vertu, Zegna and others. The gaming industry is highly regulated. It is subject to regulations imposed by the Foreign Corrupt Practices Act (the FCPA), which generally prohibits U.S. companies and their intermediaries from making improper payments to foreign officials for the purpose of obtaining or retaining business. |
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