LAS VEGAS--(BUSINESS WIRE)--Nov. 11, 2013--
The Wynn Resorts Board of Directors recently met to carefully examine
the feasibility and opportunities associated with the company’s domestic
development in Philadelphia, Pennsylvania. At this time, the Board has
decided that the best course for the company is to pursue business
opportunities elsewhere.
The board took a host of factors into consideration, including the
Philadelphia market performance over the past year and the competition
which will result from the recent approval of gaming in the State of New
York. Consequently, the company will withdraw its licensing applications
in Pennsylvania.
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 265,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 54,600 square feet of retail
space, recreation and leisure facilities, including two health clubs,
two spas and a pool.
Source: Wynn Resorts, Limited
Media Contact:
Wynn/Encore Las Vegas
Michael
Weaver, 702-770-7501
michael.weaver@wynnlasvegas.com
or
Deanna
Pettit-Irestone, 702-770-2121
deanna.pettit@wynnlasvegas.com
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