TITLE

Wynn gets high-five from Wall Street

AUTHOR(S)
Stutz, Howard
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/16/2009, Vol. 26 Issue 7, pP21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the praises received by Wynn Resorts from Wall Street analysts concerning its plan to reduce expenses by $75 million to $100 million annually at Wynn Las Vegas and open a $2.3 billion Encore facility. It notes the strategies that will be implemented by Wynn to reduce expenses, including cutting workers' salaries and suspension of 401(k) contributions. According to gaming analyst Andrew Zarnett, the decision of Wynn could bolster employee morale.
ACCESSION #
40538661

 

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