Wynn Resorts Signs Agreement With the TWU

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Nov 11, 2010, 11:30 ET

LAS VEGAS, Nov. 11, 2010 /PRNewswire/ -- Wynn Resorts, Limited (Nasdaq: WYNN) announced today that the company has signed a collective bargaining agreement with the TWU for the Wynn Las Vegas table games dealers.

"The management of Wynn Las Vegas is very happy and frankly quite surprised that the contentious issue of dealer tips has been resolved in a mutually satisfactory way through this new contract with the dealers' union. The contract is completely satisfying to the company in that it provides a very flexible and rational framework to deal with the challenges of casino management in the next 10 years. At the end of the day, the union representatives were able to focus intelligently on the fundamental necessities of management's flexibility in today's challenging casino environment," commented Stephen A. Wynn, Chairman and CEO of Wynn Resorts, Limited.

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 Las Vegas (www.wynnlasvegas.com), Encore (www.encorelasvegas.com) and Wynn Macau (www.wynnmacau.com). Wynn Las Vegas, a luxury hotel and destination casino resort located on the Las Vegas Strip features 2,716 luxurious guest rooms and suites, an approximately 110,000 square foot casino, 21 food and beverage outlets, an on-site, 18-hole golf course, meeting space, an on-site Ferrari and Maserati dealership, approximately 74,000 square feet of retail space as well as a theater, two nightclubs and lounges.

Encore, an expansion of Wynn Las Vegas, opened on December 22, 2008. Encore features a 2,034 all-suite hotel, approximately 76,000 square foot casino, 13 food and beverage outlets, a spa and salon, meeting space, approximately 27,000 square feet of upscale retail outlets as well as a beach club, theater, two nightclubs and lounges.

Wynn Macau is a destination casino resort in the Macau Special Administrative Region of the People's Republic of China and currently features 600 deluxe hotel rooms and suites, an approximately 222,000 square foot casino, casual and fine dining in six restaurants, approximately 48,000 square feet of retail space, a health club, pool and spa, along with lounges and meeting facilities.

Encore at Wynn Macau opened on April 21, 2010. An expansion of Wynn Macau, Encore adds a fully-integrated resort hotel with 414 spacious suites and villas along with restaurants, additional retail and gaming spaces.

SOURCE Wynn Las Vegas