Wynn Resorts Limited
 |
|
| Public | |
| Traded as |
|
| Industry | Hospitality, Tourism |
| Founded | 2002 |
| Founder | Stephen A. Wynn |
| Headquarters | Paradise, Nevada, U.S. |
|
Area served
|
United States and China |
|
Key people
|
Stephen A. Wynn (CEO) Ronald Kramer President and director 2002–2008 |
| Products | Resorts, Casinos, Gaming, Entertainment |
| Revenue |
 $5.62 billion - 2013
|
|
$ 1.29 billion - 2013
|
|
|
$ 1.004 billion - 2013
|
|
| Total assets |
$ 8.377 billion - 2013
|
| Total equity |
$ 132.351 million - 2013
|
|
Number of employees
|
16,500 - Dec 2013 |
| Website | www |
Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002, by former Mirage Resorts Chairman and CEO Stephen A. Wynn. As of 2016[update], the Company has developed five properties.
In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand in a hostile takeover, 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.
Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation. 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.
Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.
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.
Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas. Steve Wynn announced a planned redevelopment of the golf course at Wynn Las Vegas, called Wynn Golf and Country Club, into two separate resorts, and a large lake, connected by the "Wynn Parkway". Redevelopment will not take place before 2009.
...
Wikipedia