LAS VEGAS, Nov. 7, 2018 /PRNewswire/ -- Wynn Resorts Limited
(NASDAQ: WYNN) today announced that its Board of Directors, at a
regular meeting yesterday, unanimously voted Philip G. Satre Chairman of the Board. Satre, an
independent director who joined the Board in August 2018 as Vice Chairman, succeeds D. Boone
Wayson who is retiring from the Board.
Wayson said, "We have ushered in a new era at Wynn Resorts, and
I am proud of all the hard work the Board, our CEO Matt Maddox and the management team have done to
improve the Company's culture and corporate governance, while
maintaining focus on shareholder value. Phil has transitioned
seamlessly onto the Board, and the time is now right for me to
retire. It has been an honor serving this great Company, and I know
its future is bright."
Satre said, "I am honored to be named Chairman of the newly
refreshed Wynn Resorts Board and look forward to continuing to
support the Company's transformation for the benefit of its
shareholders and all of its stakeholders."
Matt Maddox, CEO of Wynn Resorts,
said, "We appreciate Boone's contributions to our Company since its
inception and for his leadership, which was crucial in maintaining
stability at Wynn Resorts in 2018. He was instrumental in
driving key initiatives and in our recent Board refreshment
process. I am pleased to have a director of Phil's caliber to
succeed Boone and help Wynn Resorts solidify its position as the
premier luxury resort developer and operator in the world."
The Wynn Resorts Board is now comprised of 10 directors, six of
whom joined the Board in 2018, and four of whom are
women.
Satre is president of the National Center for Responsible
Gaming. He has decades of leadership roles in the gaming industry,
including as Chairman and CEO of Harrah's Entertainment, Inc. He
has also served as Chairman of the Board of International Game
Technology PLC, Nordstrom, Inc., and NV Energy, Inc. and has served
as a director of Tabcorp Holdings Ltd. and Rite Aid Corporation. He
has received numerous accolades, including election to the American
Gaming Association's Hall of Fame.
ABOUT WYNN RESORTS
Wynn Resorts, Limited 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 hotel 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. A luxury retail Strip-front
expansion, Wynn Plaza, is currently
under construction and is scheduled to debut the fourth quarter of
2018.
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