Travel & Tourism Industry release:
LAS VEGAS, Feb. 12, 2018 /PRNewswire/ — The Special Committee of the Board of Directors of Wynn Resorts, Ltd., which was formed on January 26, 2018 to investigate allegations regarding the Company’s former CEO and Chairman Steve Wynn, today announced that it has retained Gibson, Dunn & Crutcher LLP as outside counsel to assist with its review. In addition to investigating matters related to the allegations, the Special Committee, which is comprised solely of independent directors, will conduct an expanded and comprehensive review of Wynn Resorts’ internal policies and procedures with the goal of ensuring the Company employs best practices to maintain a safe and respectful workplace for all employees.
The Board of Directors also announced today that the Nominating and Corporate Governance Committee will commence a process to add additional directors to strengthen the composition, skills and experience of the Board.
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 103,000 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 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 281,000 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 that opened August 22, 2016. 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 Wynn Boston Harbor located in Everett, Massachusetts.
Special Committee Contact
Joele Frank / Daniel Katcher
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Special Committee of the Board of Directors of Wynn Resorts
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