Statement from Wynn Resorts Regarding Its Developments in Pennsylvania
LAS VEGAS -- November 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
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
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.
Wynn/Encore Las Vegas
Michael Weaver, 702-770-7501
Deanna Pettit-Irestone, 702-770-2121
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