Wynn Resorts Limited (NASDAQ: WYNN) is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairman and CEO Stephen A. Wynn.
Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002.
The company's first project, Wynn Las Vegas, opened on April 28, 2005.
Wynn Macau, the company's second project started construction on June 28, 2004. It opened September 5, 2006.
Encore, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas. Chairman Steve Wynn announced that 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. Wynn also announced that the company will take part in the Cotai Strip project in Macau.
Encore at Wynn Macau, the company's second project in Macau Peninsula, Macau, People's Republic of China, opened on April 21, 2010.
Wynn bought 52 acres (21 ha) of the Cotai Strip in Macau where he hopes to break ground in 2011 for Wynn Cotai for a 2013/early 2014 opening.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts. The Company owns and operates two destination casino resorts. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas, on the Strip and Encore at Wynn Las Vegas. In the Macau Special Administrative Region of the People’s Republic of China (Macau) it owns and operates Wynn Macau and Encore at Wynn Macau. It has two segments: Wynn Las Vegas (which includes Encore at Wynn Las Vegas) and Wynn Macau (which includes Encore at Wynn Macau).
Wynn Las Vegas
The Wynn Las Vegas resort offers accommodations, amenities and service with 2,716 rooms and suites, including 36 fairway villas and six private-entry villas for guests. The approximately 110,000 square foot casino features 147 table games, a baccarat salon, private VIP gaming rooms, a poker room, 1,842 slot machines, and a race and sports book. The resort has 22 food and beverage outlets feature five fine dining restaurants, including restaurants helmed by chefs. Wynn Las Vegas also offers two nightclubs, a spa and salon, a Ferrari and Maserati automobile dealership, wedding chapels, an 18-hole golf course, approximately 223,000 square feet of meeting space and an approximately 74,000 square foot retail promenade featuring boutiques from Alexander McQueen, Brioni, Cartier, Chanel, Dior, Graff, Louis Vuitton, Manolo Blahnik, Oscar de la Renta and Vertu. Wynn Las Vegas also has a showroom which features Le Reve, a water-based theatrical production.
Encore at Wynn Las Vegas
The Encore at Wynn Las Vegas resort is located adjacent to and is connected to Wynn Las Vegas and features a 2,034 all-suite hotel as well as an approximately 76,000 square foot casino with 95 table games, a sky casino, a baccarat salon, private VIP gaming rooms and 778 slot machines. The resort has 13 food and beverage outlets include five restaurants. Encore at Wynn Las Vegas also offers a beach club, two nightclubs, a spa and salon, approximately 60,000 square feet of meeting space and approximately 27,000 square feet of upscale retail outlets featuring boutiques from Hermes, Chanel and others. Encore at Wynn Las Vegas also has a showroom which features Garth Brooks and other headliner entertainment acts.
Wynn Macau
Wynn Macau features approximately 595 hotel rooms and suites, 410 table games, 935 slot machines and a poker room in approximately 222,000 square feet of casino gaming space, including a sky casino, six restaurants, a spa and salon, lounges, meeting facilities and approximately 48,000 square feet of retail space featuring boutiques from Bvlgari, Chanel, Dior, Dunhill, Fendi, Ferrari, Giorgio Armani, Gucci, Hermes, Hugo Boss, Louis Vuitton, Miu Miu, Piaget, Prada, Rolex, Tiffany, Tudor, Van Cleef & Arpels, Versace, Vertu, Zegna and others. Encore at Wynn Macau opened on April 21, 2010. This resort is located immediately adjacent to and is connected with Wynn Macau and features 410 luxury suites and four villas, as well as approximately 34,000 square feet of casino gaming space, including a sky casino, containing 60 table games and 80 slot machines, two restaurants, a luxury spa and additional retail space featuring Chanel, Piaget and Cartier.
The Company competes with Genting Highlands Resort and Las Vegas Strip hotels.

In Las Vegas, the 1st quarter of 2009 was the first where the Encore was fully operational after its opening on December 22, 2008. The prior year quarter includes only Wynn Las Vegas. Overall revenue from the resort increased from $327.2 to $345.9 in the first quarter, a very modest increase considering the additional hotel tower and new food and beverage outlets.
Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to the original 190 tables and 2000 slots) net casino revenues for the combined resort were lower than the first quarter of 2008 when only The Wynn was operating. Net casino revenues for the combined resort dropped from $125.1 million to $117.5 million.
Gross non-casino revenues for the quarter were $228.4 million, a 13.3% increase from the first quarter of 2008, driven primarily by higher hotel and food and beverage revenues resulting from the opening of Encore. Although the added 2,034 suites at Encore nearly doubled the suites in the property hotel revenues were up only 20.6% to $85.1 million during the quarter, versus $70.6 million in the first quarter of 2008 due to declining room rates and lower occupancy rate. Food and beverage revenues increased as a result of the additional 12 food and beverage outlets located in the Encore expansion. Retail revenues declined and entertainment revenues also decreased primarily due to the closure of the Spamalot production show in July 2008.


OVERALL
Beta: 2.53
Market Cap (Mil.): $18,248.32
Shares Outstanding (Mil.): 124.76
Annual Dividend: 2.00
Yield (%): 1.37
FINANCIALS
WYNN.O Industry Sector
P/E (TTM): 59.67 12.21 21.66
EPS (TTM): 269.20 -- --
ROI: 7.94 6.81 1.89
ROE: 11.18 7.74 2.88

Name Age Since Current Position
Stephen Wynn 69 2002 Chairman of the Board, Chief Executive Officer
Kazuo Okada 68 2002 Vice Chairman of the Board
Matt Maddox 35 2008 Chief Financial Officer, Treasurer
Linda Chen 44 2007 President of Wynn International Marketing Ltd., Director
Ian Coughlan 51 2007 President of Wynn Resorts (Macau) S.A., Executive Director of Wynn Macau, Limited
Marilyn Spiegel 58 2010 President of Wynn Las Vegas, LLC
Marc Schorr 63 2010 Chief Operating Officer, Director
John Strzemp 59 2008 Executive Vice President, Chief Administrative Officer
Kim Sinatra 50 2006 General Counsel, Secretary
Scott Peterson 44 2009 Chief Financial Officer, Senior Vice President of Wynn Las Vegas, LLC
Robert Gansmo 41 2009 Vice President and Chief Financial Officer, Wynn Resorts (Macau), S.A.
Elaine Wynn 68 2002 Director
Robert Miller 65 2002 Presiding Independent Director
John Moran 78 2002 Independent Director
Allan Zeman 62 2002 Independent Director
Alvin Shoemaker 72 2002 Independent Director
D. Boone Wayson 58 2003 Independent Director
Ray Irani 76 2007 Independent Director
Russell Goldsmith 61 2008 Independent Director

COMPANY ADDRESS
Wynn Resorts Ltd
3131 Las Vegas Boulevard South
Las Vegas NV 89109
 
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