July 28, 2016 7:57 AM ET

Hotels, Restaurants and Leisure

Company Overview of Wynn Las Vegas, LLC

Company Overview

Wynn Las Vegas, LLC develops, owns, and operates destination casino resorts. It operates Wynn Las Vegas | Encore (Wynn Las Vegas), an integrated destination casino resort on the ‘Strip’ in Las Vegas, Nevada. Its Wynn Las Vegas features approximately 186,000 square feet of casino space, offering 232 table games, 1,866 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; 2 luxury hotel towers with a total of 4,748 guest rooms, suites, and villas; 34 food and beverage outlets; and approximately 99,000 square feet of area for retail shopping. The company’s Wynn Las Vegas also features approximately 290,000 square feet of meeting and convention space; 3 ni...

3131 Las Vegas Boulevard South

Las Vegas, NV 89109

United States

Founded in 2001

11,900 Employees

Phone:

702-770-7555

Key Executives for Wynn Las Vegas, LLC

Principal Executive Officer and President
Age: 54
Chief Financial Officer
Chairman, Chairman of Wynn Resorts Limited and Chief Executive Officer of Wynn Resorts Limited
Age: 74
Director and President of Wynn International Marketing
Age: 49
Executive Vice President of Casino Operations & Marketing
Age: 49
Compensation as of Fiscal Year 2016.

Wynn Las Vegas, LLC Key Developments

Wynn Las Vegas Announces Plans for the New Luxury Retail Development

Wynn Las Vegas announced the development of Wynn Plaza, an expansive retail complex featuring 75,518 sq. ft. of luxury retail space. Debuting fall 2017, the uniquely designed complex will augment the existing luxury retail collection currently showcased at Wynn Las Vegas and Encore as well as bring the shopping experience to the high traffic area bordering Las Vegas Blvd. The design of Wynn Plaza will be influenced by European elements, specifically the legendary Avenue Matignon in the Right Bank of Paris, invoking a sense of elegance and sophistication. The selection and flow of retailers will offer visitors a unique experience with interactive and experiential opportunities dispersed throughout the space. Two entrances off of the Strip as well as a dedicated valet service will make the area highly accessible to visitors and interior entrances will offer a natural transition and seamless flow within Wynn and Encore.

Wynn Las Vegas, LLC Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Wynn Las Vegas, LLC reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's operating income was $58,502,000 against $97,424,000 a year ago. Adjusted Property EBITDA was $122,037,000 against $160,424,000 a year ago. Net revenues were $423.5 million, a 6.2% decrease from $451.4 million in the second quarter of 2014. For the six months, the company's operating income was $106,102,000 against $148,938,000 a year ago. Adjusted Property EBITDA was $232,714,000 against $270,712,000 a year ago.

Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. Announce Pricing of Private Offering of $1.8 Billion Aggregate Principal Amount of 5.5% Senior Notes Due 2025

Wynn Resorts, Limited announced the pricing by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. of $1.8 billion aggregate principal amount of 5.5% Senior Notes due 2025. The Notes will be issued at par. Wynn Las Vegas, LLC plans to use the net proceeds from the offering to purchase any and all of the issuers’ outstanding $1,226.6 million aggregate principal amount of 7¾% First Mortgage Notes due 2020 and any and all of the issuers’ outstanding $377.01 million aggregate principal amount of 7?% First Mortgage Notes due 2020 pursuant to the previously announced cash tender offer with respect to the 2020 Notes. In addition, Wynn Las Vegas, LLC intends to satisfy and discharge the indentures governing each of the 7¾% Notes and 7?% Notes and use any remaining net proceeds from the offering to redeem any 7¾% Notes and 7?% Notes not tendered and for general corporate purposes.

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