Wynn Resorts Company Profile
Wynn Resorts is traded on the Nasdaq stock exchange under the ticker symbol WYNN and, since December 2004, it has been part of the NASDAQ-100 Index.
Wynn Las Vegas, a $2.7 billion luxury hotel and destination casino resort located on the Las Vegas Strip, opened to the public on April 28, 2005. Wynn Las Vegas features 2,716 luxurious guest rooms and suites; an 111,000 square foot casino; 22 food and beverage outlets; an on-site 18-hole golf course; approximately 223,000 square feet of meeting space; an on-site Ferrari and Maserati dealership; and approximately 76,000 square feet of retail space. For more information, visit www.wynnlasvegas.com.
Wynn Resorts, Limited, through its 100% ownership in Wynn Macau, has been granted a concession to operate one or more casino gaming properties in Macau, located 37 miles southwest of Hong Kong. Macau has been an established gaming market for over 40 years, generating in excess of $5.1 billion in gaming revenues in 2004. Wynn Macau started construction of its Macau project, located on a 16 acres site across the street from the Hotel Lisboa on June 28, 2004. Wynn Macau opened in September, 2006.
|Wynn Resorts history|
1949: Golden Nugget, Inc., a company whose main asset is a downtown Las Vegas casino, is incorporated in Nevada
1972: Stephen A. Wynn begins major investment in Golden Nugget, Inc.
1973: Wynn becomes president and CEO of Golden Nugget and begins an expansion and remodeling program
1977: 17-story, 579-room hotel opens as part of the Golden Nugget Las Vegas--this adds a hotel component to the casino for the first time
1978: Wynn purchases a block of Atlantic City real estate at Boston Ave. and the Boardwalk to build a casino hotel
1980: Golden Nugget Atlantic City opens in New Jersey on December 9; it is a newly-built 22-story building with 504 hotel rooms and a 41,000 square-foot casino
1983: Wynn purchases 15 acres of land in Atlantic City's Marina district, but abandons plans to build a hotel-casino there in 1985
1984: Golden Nugget Las Vegas's hotel is expanded, and a new marble facade and porte cochere added
1986: Second high-rise tower expansion to the Golden Nugget Las Vegas
1987: Construction on a property on the Las Vegas Strip, to be named the Mirage, begins
1988: Golden Nugget purchases Del Webb's Nevada Club in Laughlin, NV, and a related motel in Bullhead City, AZ; it becomes known as the Golden Nugget Laughlin, and an expansion begins in the following year
1989: The Mirage opens on November 22; it is the first major new Strip casino to open in 16 years, and it helps spark a building boom on the Strip
1989: Shadow Creek Golf Course, a world-class 18-hole golf course available for play by invitation only for invited gamblers and guests, opens
1991: Golden Nugget, Inc. becomes Mirage Resorts, Inc.
1993: On October 26, Treasure Island, a pirate-themed casino hotel, opens next the the Mirage on the Las Vegas Strip
1993: Mirage Resorts acquires 164 acres between Flamingo Road and Tropicana Avenue formerly owned by the Dunes
1993: Mirage agrees to develop a hotel-casino as a joint venture with Circus Circus Enterprises on the southern portion of the Dunes land, and reopens the Dunes golf course as the nine-hole "Mirage Golf Club"
1994: Mirage Universal de Misiones S.A., a company in which Mirage owned a 50% share, was licensed to develop, own, and operate a casino near Iguazu Falls, Argentina
1995: Construction of the Bellagio begins
1995: Mirage acquires 18 acres of land in Biloxi, where a "luxurious Golden Nugget" casino was planned; Mirage was also selected by the City of Atlantic City, New Jersey, to redevelop 178 acres in the Marina district
1996: Mirage sells its 50% stake in the Argentine Company that owns Casino Iguazu
1996: Monte Carlo, the joint venture with Circus Circus, opens
1996: The Secret Garden of Sigfried and Roy, an exhibit allowing visitors to see the exotic animals of the famous illusionists, opens at the Mirage
1998: Mirage Resorts acquires the Boardwalk casino and hotel, south of the Monte Carlo
1998: A collection of fine art valued at approximately $162 million is acquired for display and resale at Bellagio
1998: Bellagio opens
1999: Beau Rivage opens in Biloxi
2000: MGM Grand, Inc. acquries Mirage Resorts
2000: Steve Wynn forms Valvino Lamore, LLC, to acquire land and build a casino resort to be known as "Le Reve; Valvino completes the purchase of the Desert Inn Resort and Casino and nearby land, and ceases operations of the Desert Inn
2002: Valvino Lamore stock is converted to Wynn Resorts stock, which becomes publicly traded; Wynn Resorts is born
2002: Wynn Resorts is one of three concessionaires granted a license to develop and own casinos in the Macau Special Administrative Region
2002: Groundbreaking for Le Reve
2003: Le Reve's name is changed to "Wynn Las Vegas"
2004: Construction on Wynn Macau begins
2005: On April 28, Wynn Las Vegas opens to the public
2006: Wynn Macau opens
2006: Encore Suites, an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas.
2008: Encore (Las Vegas) opens
2010: Encore at Wynn Macau opens
2012: Plans announced for the development of Wynn Cotai (Macau)
|Wynn Resorts: Current Properties|
Las Vegas, Nevada
Wynn Las Vegas
Encore Las Vegas
Wynn Macau/Encore at Wynn Macau
|Wynn Resorts: Financial Info online|
2003 annual report (pdf)
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Last modified Wednesday, 21-May-2014 14:36:51 PDT