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Wynn Resorts News
Wynn Refinances Debt
17 Dec 2004
A subsidiary of Wynn Resorts Ltd. on Tuesday issued $1.3 billion in first mortgage notes with interest rates 6.625 percent and maturing in 2014, according to a filing with the Securities and Exchange Commission.
Wynn Resorts Completes Refinancing
15 Dec 2004
Wynn Resorts, Limited reports the completion of the refinancing of the indebtedness of its subsidiary, Wynn Las Vegas, LLC.
Wynn Seeks Macau Expansion
9 Dec 2004
Instead of developing second and third Macau properties with other hotel owners, Steve Wynn says the power of Macau is too valuable to sell, and that he'll build at least one, and possibly two properties on the island.
Wynn Resorts Exercises Over-Allotment Option
8 Dec 2004
Wynn Resorts reports that Deutsche Bank Securities Inc., the underwriter of its previously announced offering of common stock which closed on November 15, 2004, has exercised in full its option to purchase an additional 1,125,000 shares of Wynn Resorts common stock to cover over-allotments.
Exec: Openness Key to Helping Workers
7 Dec 2004
Casino companies need to do a better job making workers feel more comfortable about approaching their employers for help in conquering personal problems, including a gambling addiction, Steve Wynn's top human resources executive said at a conference Monday.
Inside Gaming Column: Gaming Opponents Mounting Campaign
6 Dec 2004
A selection of news and views from inside the industry this week.
Wynn Resorts Announces Pricing and Extension of Tender Offer
24 Nov 2004
Wynn Resorts, Limited announced the pricing terms and extension of the previously announced cash tender offer by Wynn Las Vegas, LLC.
Company to Sell Junk Bonds
22 Nov 2004
Wynn Resorts Ltd. plans to sell $1.1 billion of junk bonds in the U.S. as some investors and analysts say the two-year rally in high-yield, high-risk securities may be over.
S&P Raises Ratings for Wynn Resorts
19 Nov 2004
Standard & Poor's Ratings has raised its corporate and senior secured bank debt ratings for Wynn Resorts Ltd. and its subsidiary Wynn Las Vegas LLC to B+ from B based on higher performance expectations for Steve Wynn's upcoming Las Vegas resort, which is anticipated to open in April.
Inside Gaming Column: Insiders See Wynn Poaching Workers
15 Nov 2004
A selection of news and views from inside the industry this week.
Wynn Downgraded Again
12 Nov 2004
ews Brief: Wall Street still likes the Wynn Resorts story. It's just that the stock has become a little pricey for some analysts' taste.
Wynn Considers Mixed-Use Project
12 Nov 2004
Wynn Resorts Ltd. is exploring a long-range plan to develop 142 acres behind its Wynn Las Vegas resort into a "large, mixed-use" hotel, casino and residential resort complex.
Wynn Resorts Announces Commencement of Tender Offer
12 Nov 2004
Wynn Resorts, reports that its subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer for any and all of the $247,580,000 aggregate principal amount of outstanding 12.0% Second Mortgage Notes due 2010 issued by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.
Wynn Unveils Tower Details
9 Nov 2004
A second planned hotel tower at Wynn Las Vegas is expected to include 1,500 suites at a cost of about $900 million, Wynn Resorts Ltd. announced Monday.
High Stakes in Vegas vs. Macau
9 Nov 2004
International News Brief: Glittery Las Vegas gambling has arrived in seedy Macau, promising new charms for China's inveterate players, and this former Portuguese colony may never be the same.
Wynn Stocks Slide
9 Nov 2004
News Brief: Wynn Resorts fell more than 6% Tuesday following an analyst's downgrade and news the casino company will dilute its common stock.
Wynn Resorts Offers Common Stock
9 Nov 2004
Wynn Resorts, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.
Wynn Las Vegas to Expand
9 Nov 2004
Wynn Resorts, Limited reports its intended expansion of its Wynn Las Vegas project on 20 acres of land adjacent to the existing site.
Wynn Shares Continue Climb
5 Nov 2004
Wynn Resorts Ltd.'s stock price continues to soar despite the company's Las Vegas resort being six months away from opening and there being no significant revenue sources.
Stock Climbs on Analyst Report
27 Sep 2004
Shares of Wynn Resorts were up more than $2 per share in early trading this morning as the broader markets fell on a bullish analyst report.
Wynn Registers 1.3 Million Shares
2 Sep 2004
Wynn Resorts Ltd. has registered 1.3 million shares of common stock with the Securities and Exchange Commission.
Wynn: Disneyland Casino Reports Overblown
20 Aug 2004
Steve Wynn says that media reports linking him to plans to develop a tribal casino near Disneyland in Orange County, California, are exaggerated.
Wynn-Adelson Feud Still Unsettled
19 Aug 2004
Last month's Clark County Commission decision apparently did not settle a longstanding dispute over parking between Strip casino titans Steve Wynn and Sheldon Adelson.
Sands Has More Reason for IPO Than Stock Options
10 Aug 2004
Wall Street analysts say the stellar stock appreciation of competitor Wynn Resorts Ltd. -- rather than the ability to issue stock options -- is a primary motivation behind an anticipated public offering of stock by the owner of The Venetian resort in Las Vegas.
Wynn Increases Las Vegas Country Club Offer to $52.5 million
9 Jul 2004
Rejected once in recent days, developer Steve Wynn has increased his bid for the Las Vegas Country Club, this time offering members approximately $52.5 million in exchange for control of the 36-year-old golf course and its amenities.
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