Wynn’s plans to build a third tower on Strip still alive
Wynn Las Vegas and Fontainebleau Las Vegas have traded barbs over allegations that Fontainebleau has tried to steal executive talent from Wynn.
Johnny Kats interviews New York New York president and COO Cindy Kiser Murphey about the lighting of the Las Vegas Strip with messages of hope amid the coronavirus crisis.
Nevada Governor Steve Sisolak’s 30 day nonessential business closure shuts down 440 licensed casinos and leaves tens of thousands of employees out of work.
The Wynn CEO Matt Maddox and Dr. Rebecca Katz give a warning about the coronavirus in Las Vegas and around the world.
Wynn Resorts Ltd. is set to close its Las Vegas properties 14 days beginning 6 p.m. Tuesday to help stem the spread of the coronavirus.
Wynn CEO Matt Maddox had a video message for employees expecting to see a decline in business but assuring staff members their jobs are safe.
Wynn Resorts files a trade dress and trademark infringement lawsuit against Resorts World Las Vegas over the architectural look and color of the building under construction.
Steve Wynn, the founder of Wynn Resorts, stepped down as CEO and chairman of Wynn Resorts in February amid investigations of sexual impropriety. Wynn released a statement at the time saying “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.” “Therefore, effective immediately, I have decided to step down as CEO and Chairman of the Board of Wynn Resorts, a company I founded and that I love.” Wynn Resorts also released a statement saying, “Wynn Resorts remains as committed as ever to upholding the highest standards and being an inclusive and supportive employer.”
Felon caught with guns at Mandalay Bay 3 years before Las Vegas shooting, Travis Pastrana to attempt Evel Knievel jumps, and Kim Sinatra stepping down from Wynn Resorts.
Matt Maddox came out swinging in his first earnings conference call as Wynn Resorts chief executive officer, boasting of record Las Vegas quarterly revenues and applicants lining up for work.
Elaine Wynn, the largest shareholder of Wynn Resorts Ltd., is seeking to kick a friend of her ex-husband Steve Wynn off the company’s board of directors. (Todd Prince/Las Vegas Review-Journal)
Steve Wynn plans to sell shares of Wynn Resorts amid talks from casino regulators over whether he should be forced to cut his stake in the company. ”Mr. Wynn disclosed that he intends to sell all or a portion of the common stock controlled by him,” the company said in a Securities and Exchange Commission filing Wednesday morning. The casino mogul owns 12.1 million shares, or 11.8 percent of the company. The stake is valued at $2.2 billions of Tuesday night. ”If he elects to sell any such common stock, he will seek to conduct such sales in an orderly fashion and in cooperation with the company,” the company said.
Lawyers for Elaine Wynn and Wynn Resorts were in court Friday arguing on nearly 20 motions. Elaine Wynn is demanding $460 million in damages from the company for losing her board seat, according to Wynn Resorts lawyer James Pisanelli. District Judge Elizabeth Gonzalez asked lawyers on both sides to act like grown ups. The judge ruled on the motions, giving small victories to both sides. The pending case is expected to be heard in April.
Review-Journal reporters Rick Velotta and John Katsilometes go over the new developments on the Steve Wynn and what is next for the company.
Steve Wynn, the founder of Wynn Resorts, has stepped down as CEO and chairman amid investigations of sexual impropriety. Wynn has released a statement saying “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.” “Therefore, effective immediately, I have decided to step down as CEO and Chairman of the Board of Wynn Resorts, a company I founded and that I love.” Wynn resorts also released a statement reading “Wynn Resorts remains as committed as ever to upholding the highest standards and being an inclusive and supportive employer.”
Las Vegas court filing: Wynn wanted sex with waitress ‘to see how it feels’ to be with a grandmother
Wynn, the CEO of Wynn Resorts, was accused of sexual misconduct by several employees in a Wall Street Journal story published last month. Wynn faced allegations of pressuring a waitress into sex about 30 years ago, allegedly telling his employee he had “never had a grandmother before” and wanted “to see how it feels.” A previously undisclosed court filing details additional allegations against Wynn at the time he ran The Mirage. The allegations were the subject of a Review-Journal article that was written in 1998, but the newspaper ordered the report not be published.
Steve Wynn, the founder of Wynn Resorts, has stepped down as CEO and chairman amid investigations of sexual impropriety. Wynn has released a statement saying “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.” “Therefore, effective immediately, I have decided to step down as CEO and Chairman of the Board of Wynn Resorts, a company I founded and that I love.” Wynn resorts also released a statement reading “Wynn Resorts remains as committed as ever to upholding the highest standards and being an inclusive and supportive employer.”
Billionaire Steve Wynn faced allegations of pressuring a waitress into sex about 30 years ago. He allegedly told the woman he had “never had a grandmother before” and wanted “to see how it feels,” according to a court document and interviews with the Review-Journal. Wynn, the CEO of Wynn Resorts, was accused of sexual misconduct with several employees in a Wall Street Journal story published last week. Wynn has denied the allegations in the Journal report. The woman, who is now 75, said her supervisor told her she had to have sex with Wynn to keep her job at the Mirage, according to her account and a sworn statement by Earlene Wiggins. Wynn, 76, has not responded to multiple requests from the Review-Journal for an interview.
Las Vegas’ top 10 business stories of 2017 10. SpeedVegas crash brings lawsuits and an OSHA fine 9. Construction on Resorts World Las Vegas gets busy 8. McCarran International Airport on pace to shatter record of 47 million passengers 7. More Strip hotels join the pay-for-parking bandwagon 6. Wynn Resorts snaps up 38 acres on the site of the Alon project 5. Fontainebleau finally sold, new owner calls work in progress Project Blue 4. Caesars Entertainment emerges from 2-year odyssey through bankruptcy court 3. Faraday Future abandons planned site of manufacturing plant at Apex 2. Raiders formally announce move to Las Vegas, conduct groundbreaking Nov. 13 1. Oct. 1 shooting leaves 58 dead, causes short-term uneasiness in tourism industry while long-term effects remain uncertain
2007: Israeli investors buy and implode New Frontier hotel 2014: Crown Resorts acquires property through foreclosure 2015: Clark County approves plans for 1,100-room, 3.4 million-square-foot Alon Las Vegas 2016: Crown backs out of Alon project 2017: Site listed for $400 million 2017: Wynn Resorts agrees to buy site for $336 million
Wynn Resorts has announced it reached an agreement to buy the empty lot on Las Vegas Boulevard where the New Frontier once stood. Wynn will pay $336 million for the 34 acres of the former New Frontier as well as 4 additional acres connected to the site. The company hopes the development will bring more tourists to the north end of the Strip. Once the deal is complete, Wynn will own 280 acres of contiguous property running from the Las Vegas Convention Center on Paradise Road west to Industrial Road Wynn plans to start construction of Paradise Park, which includes a 47-story, 1,500-room hotel, on the site of the Wynn Golf Course in January.