Wynn Resorts Ltd
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| Public | |
| Traded as |
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| Industry | Hospitality, Tourism |
| Founded | 2002 |
| Founder | Steve Wynn |
| Headquarters | Las Vegas Strip (Paradise), Nevada, U.S. |
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Area served
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United States and China |
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Key people
|
Steve Wynn (CEO) |
| Products | Casinos, Entertainment, Gaming and Resorts |
| Revenue |
 $4.47 billion - 2016
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$521.66 million - 2016
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$302.47 million - 2016
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| Total assets |
$11.95 billion - 2016
|
| Total equity |
$257.88 million - 2016
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Number of employees
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24,500 - 2016 |
| Website | wynnresorts |
Wynn Resorts Limited is a 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. As of 2017[update], the company has developed five properties and was building a sixth.
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.
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 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.
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Wikipedia