LAS VEGAS--(BUSINESS WIRE)--Nov. 12, 2013--
Erroneous reports by several news organizations, including Anna Prior of
the Wall Street Journal, mentioned a Department of Justice investigation
noted in the Company’s 10-Q released today. Those reports fail to
mention that no new information was released on the matter in Tuesday’s
10-Q and is identical to the disclosure the Company made in May 2013 and
August 2013. The disclosure is consistent with standard reporting
When the US Department of Justice publicly filed its 35-page motion in
April 2013 to intervene in the Okada case, the motion included a
one-sentence footnote mentioning that the DOJ was conducting an
investigation into the Company’s donation to the University of Macau.
Wynn Resorts has never received a target letter or subpoena with such an
investigation. Furthermore, the Securities and Exchange Commission
disclosed in July 2013 that it would not recommend any enforcement
action in the matter.
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 and NASDAQ-100
Indexes. Wynn Resorts owns and operates Wynn and Encore Las Vegas (www.wynnlasvegas.com)
and Wynn and Encore Macau (www.wynnmacau.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total
of 4,750 spacious hotel rooms, suites and villas, approximately 186,000
square feet of casino space, 32 food and beverage outlets featuring
signature chefs, two award-winning spas, an on-site 18-hole golf course,
meeting space, a Ferrari and Maserati dealership, approximately 94,000
square feet of retail space as well as two showrooms, three nightclubs
and a beach club.
Wynn Macau is a destination casino 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 275,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 57,000 square feet of retail
space, recreation and leisure facilities, including two health clubs,
two spas and a pool.
Source: Wynn Resorts