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Wynn Resorts history
Wynn Resorts company history timeline
Wynn Resorts was founded by Stephen Alan Wynn and Kazuo Okada in June 2002 and is headquartered in Las Vegas, NV.“
Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002.
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 Macau, the company's second project started construction on June 28, 2004.
The company's first project, Wynn Las Vegas, opened on April 28, 2005.
Exactly one year later, April 28, 2006, Wynn and his wife broke ground on the Encore.
Steve Wynn announced a planned redevelopment of the golf course at Wynn Las Vegas, called Wynn Golf and Country Club, into two separate resorts, and a large lake, connected by the “Wynn Parkway”. Redevelopment will not take place before 2009.
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.
On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts’ proposed $1.6 billion casino to be located in Everett, Massachusetts on the Mystic River, just north of Boston.
A second resort in Macau, Wynn Palace in Cotai, opened August 22, 2016.
On February 6, 2018, Steve Wynn resigned as CEO of the company amidst sexual allegations and was replaced by Matthew Maddox.
In April 2018, the company nominated three women to the board of directors: Dee Dee Myers, Betsy Atkins, and Wendy Webb.
On May 28, 2019, Wynn paid a $ 35 million fine to the Massachusetts Gaming Commission and the $500,000 fine placed on Matthew Maddox.
Billings will assume the role of CEO effective February 1, 2022.
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Wynn Resorts competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| MGM Resorts International | 1986 | $17.2B | 74,500 | 448 |
| Suncoast Hotel & Casino | 2000 | $1.8M | 125 | 26 |
| Atlantis Casino Resort Spa | 1973 | $95.0M | 1,000 | 97 |
| Kings Family Restaurants | 1967 | $100.0M | 3,000 | - |
| Grand Sierra Resort | 2006 | $230.0M | 3,000 | 56 |
| Spirit Mountain Casino | 1995 | $14.0M | 200 | 14 |
| Pechanga Resort Casino | 1994 | $370.0M | 4,000 | 4 |
| Kiawah Island Club | - | $18.0M | 240 | 31 |
| Ojai Valley Inn | 1923 | $61.0M | 600 | 22 |
| Horseshoe Bay Resort | 1971 | $31.4M | 200 | 67 |
Wynn Resorts history FAQs
Zippia gives an in-depth look into the details of Wynn Resorts, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Wynn Resorts. The employee data is based on information from people who have self-reported their past or current employments at Wynn Resorts. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Wynn Resorts. The data presented on this page does not represent the view of Wynn Resorts and its employees or that of Zippia.
Wynn Resorts may also be known as or be related to Wynn Resorts, Wynn Resorts Limited, Wynn Resorts Ltd. and Wynn Resorts, Limited.