Casino operator Wynn Resorts Ltd is moving forward with its ongoing projects in the United States and in Macau, as well as the pursuit of a possible casino licence in Japan following the departure of the firm’s founder Steve Wynn. The corporate branding – Mr Wynn’s signature – will also be kept, said the newly appointed chief executive Matt Maddox (pictured).
Mr Maddox made the remarks during a meeting with the firm’s employees on Monday at the Wynn Las Vegas casino resort in Nevada, reported the Associated Press.
“The idea is that our future projects are going to continue to be leading in innovation and creativity. We are continuing to move forward as fast as we can,” Mr Maddox was quoted as saying.
The new Wynn Resorts CEO said additionally that the company would be creating an “innovation advisory team”, which would provide advise in the design of the firm’s resort projects.
Wynn Resorts announced on February 7 that it had accepted the resignation of Steve Wynn as chief executive and chairman of the firm’s board of directors.
The announcement of Mr Wynn’s resignation was made amid a broader controversy surrounding the executive, as the Wynn Resorts’ board awaits the results of an investigation into allegations of sexual misconduct made by former Wynn Resorts employees against Mr Wynn. Wynn Resorts has formed a special committee consisting solely of independent directors to investigate the claims.
Mr Maddox, who was president of Wynn Resorts before becoming chief executive, said he was not aware of any of the sexual misconduct accusations against Mr Wynn before they surfaced last month, reported the Associated Press. Mr Wynn has denied the allegations.
Wynn Resorts is currently developing the Wynn Paradise Park, a current construction on the former Wynn golf course. The company is also building a new hotel called Wynn West, which will be a 2,000- to 3,000-room property on the site on the northern end of the Las Vegas Strip it had purchased in December from Australian casino operator Crown Resorts Ltd.
The casino firm is also developing the Wynn Boston Harbor in Massachusetts, which is scheduled to open in June 2019.
The casino operator is pressing ahead with these projects as well as the pursuit of a casino licence in Japan, Mr Maddox was quoted as saying.
In Macau, the firm is also preparing to add more hotel rooms to its Cotai property Wynn Palace, which opened in August 2016. Mr Maddox is also the CEO of the firm’s Macau unit, Wynn Macau Ltd.
“We’re in full design mode there to present to the [Macau] government a plan for additional hotel rooms, suites and some really exciting new entertainment, food and beverage concepts,” said Mr Maddox as quoted by the Las Vegas Review-Journal.
Feb 22, 2024Police in China’s Sichuan province have reportedly broken up a “criminal syndicate” for online gambling that allegedly lured circa 1 million mainlanders, and generated “capital...
”The upswing in visitation and gaming revenue is likely to aid Fitch-rated casino operators with a presence in Macau in reducing their debt levels”