TITLE

ANALYSTS PRAISE WYNN RESORTS' COST-CUTTING PLAN

AUTHOR(S)
Stutz, Howard
PUB. DATE
February 2009
SOURCE
Las Vegas Business Press (10712186);2/16/2009, Vol. 26 Issue 7, pP22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Wall Street analysts commend the plan of Wynn Resorts Ltd. to reduce operating expenses by $75 million to $100 million annually at Wynn Las Vegas and Encore hotel-casinos in Las Vegas, Nevada. The company will cut salaries, reduce workweeks and suspend 401(k) contributions of employees, but it will not layoff employees. Gaming analyst Andrew Zarnett thinks that the decision of Wynn will bolster employee morale.
ACCESSION #
40538665

 

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