Marc Schorr, chief operating officer of Wynn Resorts Ltd., will retire effective June 1, the Las Vegas-based gaming company announced Thursday in a filing with the Securities and Exchange Commission.
Schorr, 65, also will step down from Wynn Resorts’ board of directors. Schorr’s total compensation, including base salary and bonuses, last year was $8.86 million, a regulatory filing showed.
“On June 1, my great friend and colleague … will retire from Wynn Resorts after an illustrious 33 year career,” Wynn Resorts CEO Steve Wynn said in a statement. “Prior to Wynn Resorts, Marc held many senior executive positions at my former company, Mirage Resorts.”
Schorr was president and chief operating officer of both The Mirage and Treasure Island.
“For the last 13 years, Marc has been the COO of Wynn Resorts; standing by my side every step of the way while we grew into the world-class multibillion-dollar company that we are today,” Wynn said.
Wynn Resorts did not announce Schorr’s replacement Thursday. Bill Lerner, an analyst with Union Gaming Group, said there are plenty of talented but unemployed executives in Las Vegas from which to choose.
“Schorr was an extremely talented gaming executive and his talent will surely be missed at Wynn,” said Lerner. “It is unclear at this point if the company will look to fill the position internally or seek someone from the outside.”
In his daily “Heard on the Strip” report Thursday, Lerner said Bill McBeath could be a possible candidate to replace Schorr.
McBeath resigned in December as president and chief operating officer of CityCenter.
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