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Wynn Resorts News
Wynn Resorts earns $202.9 million in first quarter, tops expectations
29 Apr 2013
Overall, in the first quarter, Wynn Resorts reported net income of $203 million, or $2 per share, up from $140.6 million, or $1.23 per share, in the prior-year quarter.
Okada-Wynn feud escalates with release of new report
22 Apr 2013
Allegations of misconduct by Wynn Resorts to oust a Japanese billionaire as a majority shareholder were based on a "deeply flawed" investigation that selectively used information to build a biased case, former Homeland Security chief Michael Chertoff said in 45-page report released Monday.
Top-10 brick-and-mortar and online gambling partnerships to watch in the U.S.
22 Apr 2013
As more states consider joining Delaware, Nevada and New Jersey in regulating online gambling, solid partnerships between brick-and-mortar and online gambling companies will become essential to success in the gaming industry.
Worries of avian flu outbreak in China have kept lid on Macau gaming stocks
9 Apr 2013
Concerns over a potential outbreak of a new strain of bird flu in mainland China worried investors and kept stock prices from rising.
Macau gaming revenues hit single-month record of $3.92 billion in March
3 Apr 2013
The figure eclipsed the previous one-month record of $3.5 billion in gaming revenues, which was set in December.
Marc Schorr to retire as chief operating officer of Wynn Resorts
1 Apr 2013
Schorr, 65, also will step down from Wynn Resorts’ board of directors.
Wynn Resorts unveils Wynn Everett resort in Boston
28 Mar 2013
Wynn Resorts faces stiff competition for the only gaming license in Boston from Suffolk Downs racetrack in East Boston, which is partnered with Caesars Entertainment Corp.
Wynn Resorts' CEO paid $17.7 million in 2012; shareholders meeting set for May
27 Mar 2013
CEO Wynn’s total compensation for 2012 was $17.7 million, which included a $2 million bonus, $10 million nonequity incentive plan compensation and $1.17 million in other compensation.
Wynn Resorts criticizes fund's lawsuit
21 Mar 2013
Wynn Resorts Ltd. on Wednesday criticized an amended lawsuit by a Louisiana public employee pension fund that claims the company’s $135 million donation to the University of Macau Development Foundation was improper and potentially illegal.
Timothy Poster resigns as COO of Wynn Las Vegas
13 Mar 2013
Poster resigned less than a month after he was promoted to replace Maurice Wooden, who is now president of Wynn Las Vegas and Encore.
Kazuo Okada summoned to Nevada Gaming Control Board hearing
12 Mar 2013
Kazuo and three other directors of Universal Entertainment Corp. will be in Las Vegas this week for a closed-door hearing with Nevada gaming regulators.
Wynn Resorts hopes to build high-end Toronto resort and casino
12 Mar 2013
Any project would include fine dining and casual restaurants, a five-star spa, hotel rooms with views of the Toronto skyline, and a convention center, according to the company.
Wynn Resorts, Guy Savoy given five-star awards by Forbes
27 Feb 2013
Forbes Travel Guide on Tuesday announced its 55th annual listing of five-star hotels, spas and restaurants. It named the Tower Suites and spas at Wynn and Encore in Las Vegas and the hotels and spas at Wynn Macau and Encore Macau in its list.
Wynn Resorts shareholders oust Okada from board
25 Feb 2013
Shareholders voted overwhelmingly to remove Kazuo Okada from its board of directors.
Marilyn Spiegel steps down as president of Wynn Las Vegas, Encore
25 Feb 2013
Spiegel will work on design and development of company projects, including proposed resorts in Philadelphia and Boston.
Kazuo Okada resigns from Wynn Resorts Board of Directors
22 Feb 2013
The company will hold its Special Meeting as planned tomorrow at which stockholders are voting on a proposal to remove Mr. Okada from the Board of Directors.
Wynn Resorts statement regarding court’s dismissal of Okada’s motion to enjoin shareholder meeting
18 Feb 2013
Wynn Resorts issues statement on court decision to dismiss a motion filed by Kazuo Okada to enjoin the company’s Special Meeting.
Wynn Resorts reports three positive developments for shareholders
4 Feb 2013
Wynn Resorts today reported three positive recent developments for the company and its shareholders in combating the ongoing smear campaign against Wynn Resorts by Kazuo Okada.
Okada tries to block special shareholders meeting
26 Jan 2013
In the latest lawsuit between the two sides filed late Thursday, Kazuo Okada requested that the U.S. District Court in Las Vegas stop the Feb. 22 special shareholders meeting to oust him from the board of directors.
Report: Las Vegas Sands stops international money transfers for high-end patrons
26 Jan 2013
Las Vegas Sands, which operates casinos in Macau and Singapore, as well as The Venetian and Palazzo resorts on the Strip, halted the execution of international money transfers for its high-end customers, the Wall Street Journal reported Friday.
Kazuo Okada files lawsuit over Special Meeting of Shareholders
25 Jan 2013
Complaint alleges that Wynn Resorts proxy makes “numerous materially false and misleading statements”
Old ties could hurt Wynn lawsuit
16 Jan 2013
Personal and business ties that date back more than a decade between Steve Wynn and Japanese gaming magnate Kazuo Okada could come to hurt the lawsuit brought by Wynn Resorts Ltd. to validate the forced redemption of Okada's stake in February.
Steve Wynn plans $1 billion hotel in Massachusetts
14 Jan 2013
Wynn said his plans for Massachusetts included a $1 billion hotel as part of his plans to build a casino on an old factory site along the Mystic River in Everett.
Shares of Las Vegas based companies post modest gains
6 Jan 2013
Las Vegas Sands led gainers with an increase of $1.43, or 2.87 percent, to close at $51.19 on the New York Stock Exchange.
Steve Wynn swaps golf acreage for jets
6 Jan 2013
The deal was approved by the audit committee of the board of directors, according to the three-page filing with the Securities and Exchange Commission.
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