Statement from Wynn Resorts Regarding Media Reports about Its Recent 10-Q
LAS VEGAS -- November 12, 2013
Erroneous reports by several news organizations, including Anna Prior of the
Wall Street Journal, mentioned a Department of Justice investigation noted in
the Company’s 10-Q released today. Those reports fail to mention that no new
information was released on the matter in Tuesday’s 10-Q and is identical to
the disclosure the Company made in May 2013 and August 2013. The disclosure is
consistent with standard reporting practices.
When the US Department of Justice publicly filed its 35-page motion in April
2013 to intervene in the Okada case, the motion included a one-sentence
footnote mentioning that the DOJ was conducting an investigation into the
Company’s donation to the University of Macau. Wynn Resorts has never received
a target letter or subpoena with such an investigation. Furthermore, the
Securities and Exchange Commission disclosed in July 2013 that it would not
recommend any enforcement action in the matter.
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 275,000 square feet of
casino space, casual and fine dining in eight restaurants, approximately
57,000 square feet of retail space, recreation and leisure facilities,
including two health clubs, two spas and a pool.
Michael Weaver, 702-770-7501
Deanna Pettit-Irestone, 702-770-2121
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