Wynn Las Vegas News - Page 27

A selection of news and views from inside the industry this week.

Wynn Resorts Ltd. is exploring a long-range plan to develop 142 acres behind its Wynn Las Vegas resort into a "large, mixed-use" hotel, casino and residential resort complex.

Wynn Resorts, reports that its subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer for any and all of the $247,580,000 aggregate principal amount of outstanding 12.0% Second Mortgage Notes due 2010 issued by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.

A second planned hotel tower at Wynn Las Vegas is expected to include 1,500 suites at a cost of about $900 million, Wynn Resorts Ltd. announced Monday.

Wynn Resorts, Limited has agreed to sell 7,500,000 shares of its common stock to Deutsche Bank Securities Inc.

Wynn Resorts, Limited reports its intended expansion of its Wynn Las Vegas project on 20 acres of land adjacent to the existing site.

The success of Wynn Las Vegas's online recruiting program is palpable in the lack of people gathered outside its employment center.

Wynn Las Vegas goes operational Monday with the opening of its employment center and what is thought to be the largest Internet recruiting program ever, anywhere.

With design work done, financing complete and shell construction wrapping up, the $2.5 billion project becomes operational Monday when it starts hiring an expected 9,000 line employees, developer Steve Wynn said.

More than 125,000 of the city's best workers are expected to apply for jobs at Steve Wynn's new $2.4 billion Strip resort.

Wynn Resorts Ltd., the company behind the $2.7 billion Wynn Las Vegas megaresort, said in a Wednesday filing with federal regulators that it sold its Global Express aircraft this month for $33 million.

A selection of news and views from inside the industry this week.

Wynn Resorts, Limited unveiled the first steps of its plan for the expansion of its Wynn Las Vegas resort.

Wynn's companies have long enjoyed a positive relationship with the Culinary Union, and the developer said he expects that to continue when the megaresort opens.

Steve Wynn says his $23 million purchase of the 10 homes remaining on the Desert Inn Estates won't affect his $2.4 billion Wynn Las Vegas resort now under construction.

Steve Wynn announced an April 28, 2005, opening date for his Wynn Las Vegas resort on the Las Vegas Strip in a speech this morning to the Advertising Specialty Institute conference in Las Vegas.

Steve Wynn plans a half-billion dollar expansion of his $2.4 billion megaresort, with construction on a second tower set to begin before Wynn Las Vegas' scheduled April 2005 opening, industry insiders say.

Gateway will supply approximately 7,000 customized Gateway-branded plasma and LCD TVs as well as hundreds of DVD players and other products at Wynn Las Vegas.

The profitability of Wynn Las Vegas and the continuing transformation of the California tribal casino market are the biggest issues facing the Las Vegas economy, according to the state's top gaming economist.