Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos.
[5][7] Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion.
The company considered opening a casino as part of the Entertainment City development in the Philippines, but decided against it because of corruption in the country's gaming industry.
[6][9] Okada resigned as vice chairman in October 2011, and the following February, after a company investigation by the Freeh Group confirmed the charges against him, the board of directors forced Aruze USA to sell back its shares at a nearly 30% discount.
[10] On February 6, 2018, Steve Wynn resigned as CEO of the company amidst sexual allegations and was replaced by Matthew Maddox.
[11] Amid sexual harassment lawsuits involving directors, Maddox announced the planned departure of two board members, Ray Irani and Alvin Shoemaker, on March 7, 2018.
[13] Talks between Wynn and Crown Resorts of Australia for a $7.1 billion offer collapsed in April 2019; analysts saw the bid as an attempt to diversify away from Macau, where its license was set to expire in 2022.
[14] A joint deal between the government of Macau, Las Vegas Sands, Wynn, and MGM extended the gaming licenses until 2032.
[18] In late 2022, Wynn entered into a partnership with Related Companies to develop an integrated resort with a casino on the western yard.
Wynn Resorts is proposing to build a 1,189 foot tall 80 story hotel and casino above the western portion of the West Side Yards.
[30] Wynn resorts continued to operate during the pandemic while requiring employees who choose not to receive a COVID-19 vaccination to submit weekly test results for the virus.
[32] Shortly after pandemic restrictions were lifted in the United States and in Macau, the company began a recovery of revenues and profits.