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Wynn Las Vegas Announces June 4 Reopening Date

  • Five-Star Resort Returns With Full Array of Luxury Amenities and Industry-Leading Health & Safety Plan

LAS VEGAS, May 27, 2020 /PRNewswire/ — Wynn Las Vegas (Nasdaq: WYNN) announced today a reopening date of Thursday, June 4, under phase two of the Nevada United: Roadmap to Recovery plan from Governor Steve Sisolak. As the largest five-star resort in the world, Wynn Las Vegas plans to offer guests a complete Las Vegas experience by opening every amenity and outlet available. Both hotel towers and the casino as well as all restaurants will reopen on June 4, followed by the resort’s newest restaurant, Elio, later in the month. Every effort has been made to present Wynn’s complete luxury experience and provide guests with the peace of mind needed to enjoy a fun and relaxing return.

In preparation, the Company has created a comprehensive new Health & Safety Plan that is now considered the gold standard in the hospitality industry.

“We are ready to provide our guests with a full Las Vegas experience with a collection of luxury amenities and unmatched service,” said Wynn Resorts CEO Matt Maddox. “At the same time, our extensive Health & Safety Plan, validated by the nation’s leading public health experts, will enable a safe environment for our guests. The entire Wynn team is looking forward to welcoming our guests back.”

Wynn will reopen withthe full Las Vegas experience guests expect and deserve, with everything conveniently and safely available under one roof, allowing for the perfect getaway. From lounging by pristine pools to lively late-night betting – and most everything in between – the very best of Wynn’s renowned glamour, excitement, and luxury will be available, including:

  • Both Wynn and Encore hotel towers
  • Two 24-hour casinos with a variety of table games and slots as well as the Race & Sports Book
  • The resort’s full portfolio of fine-dining restaurants, lounges, and casual eateries, several with outdoor seating on open verandas and patios
  • Expansive resort pools with private cabanas
  • Wynn’s 18-hole championship golf course
  • Nightly entertainment at the Lake of Dreams
  • Three retail esplanades
  • Full-service beauty salons, barber shop, spa treatments and fitness centers

In addition, several thoughtful new measures in social distancing, touchless technologies, and cleaning protocols have been incorporated throughout the resort in a clear and transparent effort to protect the well-being of all guests. Most notable among the enhancements are:

  • Non-invasive thermal temperature checks and face coverings provided at all entrances
  • Automatic hand sanitizer stations, UV Technology, and electrostatic sprayers will be utilized throughout the resort
  • Sealed guest rooms after meticulous sanitization by Wynn’s professional housekeeping staff    
  • Amenity kits including sanitizing wipes, hand sanitizer, and face coverings in each guest room
  • Dedicated team of cleaning professionals sanitizing public guest areas 24 hours a day

Wynn employees are required to wear face coverings at all times, and most importantly, have all been tested for COVID-19 before returning to work.

The Wynn Resorts Health & Safety Plan was created in consultation with leading public health medical professionals from Georgetown and Johns Hopkins Universities in addition to recommendations from the U.S. Centers for Disease Control and Prevention (CDC), the Southern Nevada Health District (SNHD) and the Gaming Control Board (GCB). The full plan can be viewed on www.wynnlasvegas.com.

Wynn Resorts Extends Benefits for All North American Employees

  • I always love to read stories about the generosity of great corporations. Especially during times when self-centered politicians love to bash them so that they can profit from the potential graft a pending victory can bring. -WB

PRNewswire/ — Wynn Resorts (Nasdaq: WYNN), the world’s leading resort company based in Las Vegas, Nevada, announced today that the Company will extend paying all salaried, hourly and part-time employees through May 15, for a total of 60 days of payroll continuance. The Company decided to take this action as part of its shared responsibility for the health and safety of its employees, their families and the Las Vegas and Greater Boston communities during this pandemic.

Payroll coverage will include more than 15,000 current Wynn and Encore employees.  For tipped employees, it includes the average tip compliance rate or distributed tips/tokes since the beginning of the year. 

“It is our shared responsibility to follow the direction of health and safety professionals to stay home, and limit social contact,” said Wynn Resorts CEO Matt Maddox.  “We owe it to each other, our families and to our community.”

For more information on Wynn’s health and safety measures, please visit www.WynnInfo.com.

The Encore Boston Harbor Casino in Everett seen from Somerville. (Jesse Costa/WBUR)

Wynn Resorts to Temporarily Close Wynn Las Vegas

LAS VEGAS (March 15, 2020)– Wynn Resorts has decided to temporarily close Wynn Las Vegas and Encore as part of its continuing effort to reduce the spread of COVID-19 (coronavirus).

The Company has committed to pay all full-time Wynn and Encore employees during the closure.

The closure will be effective Tuesday, March 17 at 6 pm and is expected to be in effect for two weeks, after which time the Company will evaluate the situation. A limited number of employees and management will remain at the resort to secure and maintain the facility. For additional information and updates, please visit www.wynninfo.com.

Boeing to Buy Aerospace Interiors Company EnCore Group

June 14 (Reuters) – Boeing Co on Friday said it would buy aerospace interiors company EnCore Group, the planemaker’s second foray into aircraft seats after it partnered with auto seats maker Adient last year.

The deal could help cut delays in the supply chain and improve profit margins for the planemaker, and is expected to close by the end of the second quarter of 2019.

California-based EnCore designs, certifies and produces airplane galleys and seats for airlines, and also supplies components to Boeing.

Last year, the planemaker moved into making aircraft seats with a joint venture with car seating leader Adient to reduce costly delays to deliveries.

Traditionally, aircraft seat makers sell seats to airlines, a process that can involve multiple customized designs and regulatory approvals and in turn lead to industrial delays.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)

How Wynn Resorts Could Free Up Billions in Cash

One of the trends sweeping through the gaming industry over the past decade is selling real estate to real estate investment trusts (REITs). Sometimes companies control their REITs, like MGM Resorts (NYSE: MGM) does with MGM Growth Properties (NYSE: MGP) and Caesars Entertainment (NASDAQ: CZR) does with VIVI Properties(NYSE: VICI), and sometimes real estate is sold to third-party companies. 

REITs free up cash for casino companies, often to the tune of billions of dollars. That money can help reduce debt or fund growth projects, which is attractive because it doesn’t fundamentally change a resort’s operations. But Wynn Resorts (NASDAQ: WYNN) has avoided the temptation to sell most of its real estate over the years. If it did, however, the company could free up billions of dollars in cash. 

Wynn's Encore Boston Harbor.
Wynn’s Encore Boston Harbor.

Image source: Wynn Resorts.

Click the link below for the full story from “The Motley Fool”

https://finance.yahoo.com/news/wynn-resorts-could-free-billions-163400237.html