Wynn Las Vegas President Gains Licensing Recommendation

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Wynn Las Vegas

Major changes at Wynn Las Vegas have been spearheaded by company president Marilyn Spiegel. She has been the driving force behind the revitalization of this Las Vegas gaming giant since the Steve Wynn scandal. Now, she is in excellent position to continue her work once fully licensed by the Nevada Gaming Control Board.

Wynn Las Vegas and Encore Get A New President

Posted on www.reviewjournal.com, she recently stated her case to state regulators. The Gaming Control Board then unanimously recommended licensing as a key employee for the Las Vegas Strip property. Spiegel used the opportunity to relay some grand plans for Wynn Las Vegas and Encore in the coming months and years.

At the top of the list were new restaurants, convention space and a proposed connector to Resorts World Las Vegas. A Tom Fazio 18-hole golf course has already been renovated and that property is scheduled to open Oct. 11. The new convention facility would double the company’s current space. The new 300,000 square-foot facilities is scheduled to open in February.

Resorts World Las Vegas is a new 59-story resort with 4,000 rooms. Developed by the Genting Group, it is due to open late next year. The proposed connector to that property would cross Las Vegas Boulevard.

Speaking directly to the Gaming Control Board, Spiegel stated:

“Encore is consistently a challenging footprint and so when Resort World opens, I know I will see much more foot traffic. And we’re putting into our capital plan to have some kind of crossover in terms of the street. And when the Drew (formally Fontainebleau) comes, that will add more. I think we will be a net gainer rather than a net loser of our hotel guests. Although as we know in Las Vegas, people go everywhere.”

Final approval of the Control Board’s licensing recommendation is expected to come on Sept. 26.

Spiegel served as the company’s president from 2010 to 2013. She decided to pursue other opportunities with Caesars Entertainment. Recently, Wynn Resorts CEO Matt Maddox invited her to return to her previous position. Rocked by accusations of sexual misconduct, Steve Wynn left the company. This also led to the departure of several top executives including Maurice Wooden as president.

Commenting on her return, Spiegel also told the Board:

“I felt that I had left the Wynn in a good place in 2013. And coming back, I think that we have a clear-cut idea what we’re going to do now. When I came back, it had much more to do with my personal desire to get back in the game.”

She went on to add::

“Earlier this year, I had a confused workforce that lacked the confidence that the team I had when I left. And my goal is to instill that confidence because I think all performance is improved when people are ready and willing and sure that they can perform. That is one of my key initiatives.”

Putting the past behind, the company is moving forward with property improvements. Gaming revenues are on the rise driven by higher handles on slots and table games.

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Wynn Las Vegas President Gains Licensing Recommendation
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Wynn Las Vegas President Gains Licensing Recommendation
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Major changes at Wynn Las Vegas have been spearheaded by company president Marilyn Spiegel. She has been the driving force behind the revitalization of this Las Vegas gaming giant since the Steve Wynn scandal.
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