LAS VEGAS, April 10, 2019 /PRNewswire/ -- Wynn Resorts
received written confirmation today from the Nevada Gaming Control
Board that, subsequent to its in-depth investigation of the Company
resulting from allegations against the company's founder, CEO
Matt Maddox was "found suitable as
an officer of Wynn Resorts, Limited in Nevada in January
2010, and remains in good standing with the Nevada Gaming
Control Board."
Wynn Resorts Chairman of the Board, Phil
Satre, issued the following statement in response:
"In the past twelve months, the Wynn Resorts Board of Directors
-- independent and with no extensive pre-existing relationships
with each other or the executive team -- have been keenly focused
on establishing the right direction and leadership for the
Company.
"Matt Maddox has the full
confidence of me as Chairman as well as the entire Board of
Directors of Wynn Resorts as our CEO today, tomorrow, and into the
future. Immediately upon taking over as CEO, Matt led the
transformation of our company with a new executive team, new
policies and procedures, and a new corporate culture – a
transformation the Nevada
regulators referred to at a hearing as a total 'paradigm
shift.'
"No one deserves more credit, or has played a more critical
role, in remaking Wynn Resorts as a company and responding to the
past failures of now-departed leadership. Matt will do an excellent
job leading our team of 25,000 employees worldwide, and
with the expected opening of our $2.6 billion Encore Boston Harbor destination
resort in Everett, MA."
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq:
WYNN) is traded on the Nasdaq Global Select Market under the ticker
symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns
and operates Wynn Las Vegas (wynnlasvegas.com), Wynn Macau
(wynnmacau.com) and Wynn Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a
total of 4,750 spacious rooms, suites and villas, approximately
192,000 square feet of casino space, 22 dining experiences
featuring signature chefs and 11 bars, two award-winning spas,
approximately 290,000 square feet of meeting and convention space,
approximately 106,000 square feet of retail space as well as two
showrooms; three nightclubs, a beach club and recreation and
leisure facilities. Wynn Las Vegas recently unveiled Wynn Plaza, a Strip-front expansion that offers
a collection of world-renowned luxury, contemporary, and lifestyle
brands.
Wynn Macau is a luxury hotel and casino resort located in the
Macau Special Administrative Region of the People's Republic of China with two luxury
hotel towers with a total of 1,008 spacious rooms and suites,
approximately 273,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 31,000 square feet of
meeting and convention space, approximately 59,000 square feet of
retail space, and recreation and leisure facilities including two
opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed
destination, it boasts 1,706 exquisite rooms, suites and villas,
approximately 424,000 square feet of casino space, 11 food and
beverage outlets, approximately 37,000 square feet of meeting and
convention space, approximately 106,000 square feet of designer
retail, SkyCabs that traverse an eight-acre Performance Lake, an
extensive collection of rare art, a lush spa, salon and recreation
and leisure facilities.
Wynn Resorts is currently constructing Encore Boston Harbor
located in Everett,
Massachusetts.
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SOURCE Wynn Resorts