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NEWS 3 December 2018

Wynn Resorts Chairman: We will outperform our rivals without Steve Wynn

By Tim Poole

Wynn Resorts Chairman Phil Satre is confident the operator can still outperform its rivals without the presence of former Chairman and CEO Steve Wynn.

Wynn was the driving force behind the company’s success since founding it in 2002 but resigned this February following allegations of sexual misconduct.

More recently, Wynn filed a lawsuit against Wynn Resorts and the Massachusetts Gaming Commission stopping them releasing any reports about their investigation into him, with a temporary block being granted.

However, Satre – appointed Chairman in November – believes the operator will continue to deliver strong results away from Wynn’s leadership.

He told CommonWealth Magazine: "I will tell you this – Encore Boston Harbor will meet everybody’s expectations of what a special experience it is to be in a Wynn Resorts property.

"What I’m saying is we can separate Steve from the company and still accomplish everything we promised here. We will be the finest hotel casino property on the East Coast of the US.

"We will outperform anybody else in the state of Massachusetts in terms of casino performance – however you want to measure it. I’m confident of that. We don’t have to have him as the chairman and CEO of the company to do that."

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