LAS VEGAS, Aug. 6, 2018 /PRNewswire/ -- Today, Wynn
Resorts' (NASDAQ: WYNN) Board of Directors announced the addition
of Phil Satre as its newly-appointed
vice chairman. D. Boone Wayson, current board chairman, also
announced he will be stepping down as chairman at the end of this
year, but will continue to serve as a board member. The Board of
Directors plans to appoint Mr. Satre to succeed Mr. Wayson as
Chairman of the Board.
Satre is president of the National Center for Responsible
Gaming. He served in various leadership roles in the gaming
industry for more than 25 years, including as Chairman and CEO of
Harrah's Entertainment, Inc. He has also served as the Chairman of
the Board of International Game Technology PLC, Nordstrom, Inc.,
and NV Energy, Inc. and has served as director of Tabcorp Holdings
Ltd. and Rite Aid Corporation. He has received numerous accolades,
including his election to the American Gaming Association's Hall of
Fame.
"The addition of someone of Phil's caliber and experience is a
significant step forward for Wynn Resorts as we turn the page on
the last six months," said Wayson. "Our goal is to give the
management team, led by CEO Matt
Maddox, an opportunity to grow and develop this company to
its greatest potential. Phil's insight and guidance will be
invaluable as we move forward. I am proud of our accomplishments
and am pleased that someone as outstanding as Phil will succeed me
in the role as Chairman."
Wayson continued, "This appointment is the result of a
collaborative effort with co- founder Elaine Wynn, which I believe will serve as the
beginning of a constructive and unified effort by all parties to
move the Company forward."
Elaine Wynn, co-founder and the
largest shareholder of Wynn Resorts, said, "I have long respected
Phil as a leader in the gaming industry and am confident that his
addition to the Company's leadership team, coupled with the plans
laid out by Management, will bring the Company tremendous success
in the years to come. Phil's role as vice chair, and as chairman in
the future, will be key to furthering the Wynn Resorts brand as one
of the premier destination resort operators in the world."
Phil Satre said, "I have admired
the innovation and excellence that have become the hallmarks of the
Wynn brand. I am honored to now have the opportunity to be joining
Wynn Resorts at this important time and to play a role in the
Company's continued success. I applaud the efforts by Management
and the Board to respond to the current challenges faced by this
otherwise first-class enterprise. The strength of the current Board
of Directors, combined with the leadership of Matt Maddox and his team, give me confidence
that the future is bright for Wynn Resorts."
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
Index. Wynn Resorts owns and operates Wynn Las Vegas
(www.wynnlasvegas.com), Wynn Macau (www.wynnmacau.com) and Wynn
Palace, Cotai (www.wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a
total of 4,750 spacious hotel rooms, suites and villas,
approximately 192,000 square feet of casino space, 22 dining
experiences featuring signature chefs and 11 bars, two
award-winning spas, approximately 290,000 square feet of meeting
and convention space, approximately 110,000 square feet of retail
space as well as two showrooms; three nightclubs, a beach club and
recreation and leisure facilities. A luxury retail Strip-front
expansion, Wynn Plaza, is currently
under construction and is scheduled to debut in the second half of
2018.
Wynn Macau is a luxury hotel and casino resort 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 273,000 square feet of casino space, casual and fine
dining in eight restaurants, approximately 31,000 square feet of
meeting and convention space, approximately 59,000 square feet of
retail space, and recreation and leisure facilities including two
opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed
destination, it boasts 1,706 exquisite rooms, suites and villas,
approximately 420,000 square feet of casino space, 11 food and
beverage outlets, approximately 37,000 square feet of meeting and
convention space, approximately 106,000 square feet of designer
retail, SkyCabs that traverse an eight-acre Performance Lake, an
extensive collection of rare art, a lush spa, salon and recreation
and leisure facilities.
Wynn Resorts is currently constructing Encore Boston Harbor
located in Everett,
Massachusetts.
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SOURCE Wynn Resorts