In 2015, the independent directors of the Company chose not re-nominate Ms. Wynn to the Wynn Resorts Board of Directors. As a result, Ms. Wynn waged a campaign for her re-election and her efforts were soundly rejected by the company's shareholders. Although Mr. Wynn voted his shares pursuant to their Stockholders Agreement,
Ms. Wynn's latest allegations regarding our Board, its composition and its independence are simply not true and are rehashed from her previous, unfounded statements made during her proxy campaign. Our company has nine distinguished directors, seven of whom are independent under NASDAQ standards.
Throughout her campaign, in which she directly communicated with shareholders via numerous personal letters, she never once raised the new allegations set forth in her recent complaint. Her allegations regarding the use of company assets are without merit. The use of company assets is governed by many internal policies and is closely supervised both by the Audit Committee, which is comprised solely of independent directors, and our external auditors. As outlined in recent proxy statements, Mr. Wynn reimburses the Company for his accommodations at the hotel, his personal use of corporate aircraft and all other company assets subject to company policy. These policies and any perquisites he receives have always been set forth in our proxy statements.
As a leader in a highly regulated industry,
By any measure,
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 186,000 square feet of casino space, 34 food and beverage outlets featuring signature chefs, two award-winning spas, an on-site 18-hole golf course, meeting space, approximately 99,000 square feet of retail space as well as two showrooms; three nightclubs and a beach club.
Wynn and Encore Macau is a destination casino located in the Macau Special Administrative Region of
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/statement-from-wynn-resorts-in-response-to-elaine-wynns-recent-filing-300242079.html
Michael Weaver, SVP Marketing and Communications, 702-770-7501; Michael.Weaver@WynnResorts.com