2000 — Steve Wynn Acquires Desert Inn
After selling Mirage Resorts to MGM Grand, Steve Wynn purchased the Desert Inn in Las Vegas for $270 million, laying the groundwork for his next venture.
2002 — Wynn Resorts Founded & IPO
Steve Wynn, Elaine Wynn, and Japanese billionaire Kazuo Okada founded Wynn Resorts. The company held its IPO on NASDAQ on October 25, 2002, raising capital for its first project.
2005 — Wynn Las Vegas Opens
The company's first property, Wynn Las Vegas, opened on April 28, 2005, at a cost of $2.7 billion — the most expensive casino resort ever built at the time. The luxury resort set new standards for high-end gaming and hospitality.
2006 — Wynn Macau Opens
Wynn Macau opened on September 6, 2006, becoming the company's first international property and quickly establishing itself as the highest-grossing casino on the Macau Peninsula.
2008 — Encore Las Vegas Opens
Encore, an extension of Wynn Las Vegas, opened in December 2008, adding 2,034 suites and expanding the resort's gaming, dining, and retail offerings.
2010 — Encore at Wynn Macau Opens
Encore at Wynn Macau opened on April 21, 2010, expanding the company's Macau Peninsula operations with additional luxury gaming and hotel capacity.
2012 — Okada Ousted
Following a corporate investigation into alleged improper payments to Philippine gaming regulators, the board forced Kazuo Okada's Aruze USA to sell back its 19.7% stake at a discount, ending the partnership.
2016 — Wynn Palace Opens
Wynn Palace in Cotai, Macau, opened on August 22, 2016, at a cost of $4.2 billion. The floral-themed integrated resort features a performance lake, cable cars, and 1,706 luxury rooms.
2018 — Steve Wynn Resigns
Steve Wynn resigned as Chairman and CEO in February 2018 amid allegations of sexual misconduct, ending his tenure at the company he founded. Matt Maddox succeeded him as CEO.
2019 — Encore Boston Harbor Opens
Encore Boston Harbor, a $2.6 billion luxury integrated resort in Everett, Massachusetts, opened in June 2019 — the largest single-phase private development in Massachusetts history.
2022 — Craig Billings Becomes CEO
Craig Billings succeeded Matt Maddox as CEO in 2022, leading the company's continued focus on luxury operations and digital expansion.
2024 — Strong Financial Performance
Wynn Resorts reported $7.1 billion in revenue for 2024, with strong performance across its Las Vegas, Macau, and Boston operations. The company continues to hold more Forbes 5-Star awards than any other independent hotel company.