New Wynn CEO says Paradise Park, Las Vegas Strip hotel will move ahead

Updated February 19, 2018 - 8:07 pm

Newly appointed Wynn Resorts CEO Matt Maddox told hundreds of employees Monday the company will move forward with plans to build Paradise Park and Wynn West on the Strip, complete Wynn Boston Harbor in Massachusetts and build more hotel rooms in Macau.

He also indicated he doesn’t expect a corporate name change as a result of the allegations made against co-founder Steve Wynn.

Maddox was named CEO on Feb. 6 after Wynn resigned following news reports that he had sexually harassed employees for decades.

In his first interview since taking the helm, Maddox, 42, said he assured employees in town hall-style meetings that the company’s future is bright and that the creative team behind the development of The Mirage, Treasure Island, Bellagio and Wynn Las Vegas would continue on projects announced by the company in January before the allegations became public.

Wynn strongly denies the allegations that led to his resignation as CEO and chairman of the board of directors, saying they were orchestrated by his former wife, Elaine Wynn. She has denied doing so.

With the company facing three lawsuits, its board of directors conducting an internal investigation and regulatory agencies in Nevada, Massachusetts and Macau conducting their own probes, Maddox declined to address inquiries specifically related to Steve Wynn.

The meetings with employees were designed to give them an opportunity to better know Maddox and his ideas for the company’s future.

He announced a new policy that will pay employees for time they take off for company-sponsored community enrichment programs. He also pledged to take strides toward the company leading the nation in gender-equality issues.

“Being a part of the community and being viewed as an asset of this community is essential to success,” Maddox said in an exclusive interview with the Las Vegas Review-Journal. “What we’re finding more and more is that our employees are wanting that. They’re wanting to give back, and they’re wanting to have that feeling. It’s sweeping America.”

Social change

Maddox also promised to be an advocate for social change.

“We’ve already felt it in our company,” he said. “It can be disruptive in the way some of these things occur, but the underlying message inside of the social change, there’s often truth to it. And when I say that, what I mean is that, effective immediately, I’ve set up a leadership forum chaired by Chris Flatt, who runs our hotel sales and marketing, and Stacie Michaels, our general counsel, and their No. 1 focus is gender equality.”

That change will start with town hall meetings and evolve into action.

“Even though Wynn is very inclusive — 40 percent of our management is women, and some of our highest-paid executives are women — when I look at this, why is 40 percent OK? We don’t have to lead our industry. We should be leading the country, and that’s something that Wynn as a company has always done, and we’re starting that today,” he said. “It’s something that, as a father of a 12-year-old daughter and a 10-year-old daughter, this isn’t lip service. I want my girls to have the same opportunity my son does when they get in the workplace, and Wynn should be leading that effort.”

Currently, there is one woman on the nine-person Wynn Resorts board of directors.

New parental leave policy

The changes include an immediate shift in the company’s parental leave policy. Maddox said effective immediately, employees will get six weeks of paid parental leave when a child is born in an employee’s family.

“I think that’s definitely leading in this industry and moving the company forward, because there’s no more important time in a human’s life then when that child is born,” he said. “And you shouldn’t have to not be paid to be with your child.”

Though Maddox would not answer specific questions about the allegations, he said he would step up when called upon by regulators.

“The board and the regulators are beginning their investigations and I’m sure I’ll be interviewed as a part of that, and I’ll need to provide any and all information that I would have,” he said.

‘We are Wynn’

In the talk, Maddox emphasized the strength of the Wynn name.

“The reason I’m talking to all the employees now and reminding them that we are Wynn is because my thoughts are that our brand stands for excellence, high quality and service and all 25,000 of us (Wynn employees) are proud of that,” he said.

As for the future in Las Vegas, Maddox said construction already has begun on a 400,000-square-foot convention facility adjacent to a planned lagoon, a project currently known as Paradise Park, and the company has already begun booking conventions there for when the facility is completed, likely in two years.

He said development of the so-called Wynn West project, on 38 acres across Las Vegas Boulevard from the Wynn Las Vegas, “is still in the top of the first inning,” and design for a planned hotel tower trails behind the Paradise Park plans.

But Maddox said adding that acreage — a transaction he engineered — would double Wynn’s Southern Nevada presence in 10 years.

He said he is confident the Wynn design team will continue to flourish, even without Steve Wynn, because it still includes architects Roger Thomas and DuRuyter Butler, who were a part of the teams that developed The Mirage, Treasure Island, Bellagio and Wynn Las Vegas.

Boston project

In Boston, Wynn already has invested $1.3 billion of the total $2.4 billion final cost for what Maddox describes as “the nicest integrated resort in the Northeast.”

“It’ll have 671 rooms, 13 food-and-beverage outlets, the largest ballroom in the Boston metroplex area and it’s opening in June ’19,” he said.

Maddox said several Southern Nevada Wynn employees with East Coast roots are considering transferring to that property.

In Macau, the company owns two parcels totaling 11 acres near the Wynn Palace property that opened in 2016.

“We’re in full design mode there to present to the government a plan for additional hotel rooms, suites and some really exciting new entertainment, food and beverage concepts,” he said.

A full-time design group has been dedicated to Macau, led by Chris Gordon, a 20-year lecturer from the Massachusetts Institute of Technology Center for Real Estate and one of the Boston Harbor design leaders.

Maddox also has traveled to Japan on and off for the past eight years, establishing contacts in the company’s bid to become one of the first holders of a gaming license there, a process expected to progress to the end of this year.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

ad-high_impact_4
Business
MGM Grand Plans To Add Retail And Dining To Its Strip Facade
MGM Grand President and Chief Operating Officer Scott Sibella said executives are “discussing redeveloping that entire frontage of the building out to the Las Vegas Strip.” (Todd Prince/Las Vegas Review-Journal)
Boyd Gaming planning new corporate campus
Casino operator Boyd Gaming Corp. has filed plans to build a new corporate campus. The plans call for two 10-story office buildings and a six-level parking garage in the southwest Las Vegas Valley. Boyd Gaming operates The Orleans, the Suncoast, downtown's California Hotel and other properties. The new headquarters would be just a mile from its current main office building.
Bellagio Conservatory transformed to celebrate Year of the Pig
The Bellagio Conservatory Team transformed the 14,000 square foot conservatory to commemorate Chinese New Year, the holiday that marks the end of the coldest days of winter. (Rachel Aston/Las Vegas Review-Journal)
CES 2019: Intro uses sound to connect people
Intro, a startup that is part of the Future Worlds Accelerator in the UK, has an app that uses ultrasonic sound to find people and companies nearby.
CES 2019 Video: CES wraps up another year
Time-lapse video of the action at CES 2019 in Las Vegas. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Create your own beauty products
Beauty Mix by BeautyByMe is a product that lets you create your own cosmetics and beauty products. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Picobrew’s home brew machine
Picobrew brings automation to homebrewing. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Surviving CES
What it's like to spend four days working the mammoth tech convention. (Jason Bracelin/Las Vegas Review-Journal)
Haier’s smart home
Haier presented smart home technology at CES 2019.
CES 2019 VIDEO: Foldimate makes laundry day easy
Foldimate has created a machine that will fold your laundry for you. Just feed it anything you need folded and it will do the rest. (Mat Luschek/Las Vegas Review-Journal)
CES 2019: Opte device corrects skin spots
Opte from Proctor and Gamble is a device for correcting spots and freckles from skin. It analyzes the area for spots and then covers them with a serum of matching skin tone. (Mat Luschek/Las Vegas Review-Journal)
Circa hotel-casino in downtown Las Vegas unveiled
Derek Stevens reveals Circa hotel-casino in downtown Las Vegas. He plans open by the end of 2020. (K.M Cannon/Las Vegas Review-Journal)
Circa, new casino coming to Fremont Street
Casino owner Derek Stevens announces his new property Circa, coming to Fremont Street in downtown Las Vegas in late 2020. (Michael Quine/Las Vegas Review-Journal)
Dreenk My Oeno makes wine suggestions
At CES 2019 in Las Vegas, the Dreenk My Oeno tells you all about wine.
Polaroid One Step Plus camera unveiled at CES 2019
Polaroid has moved into the digital age with its One Step Plus camera with Bluetooth. With the connected app, it turns your smartphone into a remote for the camera, along with filters and features.
Amazon is everywhere at CES 2019 in Las Vegas
Seemingly everything works with Amazon Alexa
LG Smart Mirror helps you dress snazzy
LG’s Smart Mirror is less of a mirror but more of an assistant to help get you looking snazzy. It takes your image and recommends clothes for you or matches existing clothes with new clothes, which can be purchased right from the mirror. (Mat Luschek/Las Vegas Review-Journal)
Underwater robots make waves at CES 2019 in Las Vegas
Robosea is a company dedicated to underwater robotics. They produce consumer robots for underwater filming as well as commercial products which can be used for underwater research. (Mat Luschek/Las Vegas Review-Journal)
CES 2019 - Victrola record players spin in Las Vegas
A new spin on an old favorite, Victrola record players are meeting a demand for retro products. The brand is also making furnitures with built-in speakers.
CES 2019: Slamtec robots ready to serve
Slamtec is a robotics company out of China whose goal is to provide solutions for laser localization mapping and navigation. They have created two autonomous robots that can be used in areas such as bars, restaurants and malls. (Mat Luschek/Las Vegas Review-Journal)
Mixologiq drink maker appears at CES 2019 in Las Vegas.
This is the Mixologiq drink maker.
CES 2019: Veritable smart garden
Let’s face it; not all of us have green thumbs. And herbs are particularly difficult to grow, considering their constant need for sunshine. Enter the Veritable smart garden from Exky, which does it all for you. (Heidi Knapp Rinella/Las Vegas Review-Journal)
Bonnie Springs Ranch near Las Vegas being sold to developer
Bonnie Springs Ranch near Las Vegas is being sold to a developer, set to close in March. Bonnie Springs, west of Las Vegas off State Route 159 — next to Spring Mountain Ranch State Park — spans more than 60 acres and was on the market for $31 million. The developer and his project partner are under contract to buy the ranch and plan to chop it up mostly into custom-home lots. The plans includes a 25-room motel, a restaurant and a 5,400-square-foot event barn.
Bone-conduction headphones form Aftershokz
Aftershokz offers bone-conduction headphones - headphones that don’t go in the ear.
CES Happy Hour party at Hangover Suite at Caesars Palace
Conventioneers mingled during the Hardware Massive CES 2019 Happy Hour Bash at The Hangover Suite at Caesars Palace in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal) @KMCannonPhoto
Autonomous Cars and Futuristic Aircraft Rule CES
Day two of CES was dominated by autonomous cars and futuristic aircraft in the North Hall of the Las Vegas Convention Center.
TekNekSavr fights neck problems caused by smart phones
Atiya Syverson invented the TekNekSavr to help fight neck and head problems caused by strains while typing on smart phones. (Mat Luschek/Las Vegas Review-Journal)
New eyeglasses know if you fall and call for help
The French company Abeye has created eye glasses that will detect if the wearer falls and call for help. (Mat Luschek/Las Vegas Review-Journal)
Company that creates vibrator-like device claims genders bias against CES
Lora DiCarlo is a women-run start-up that creates a vibrator-like device designed for female pleasure called the Osé. This year they were awarded the CES Innovation Award in the Robotics and Drone Category, but a month later the Consumer Technology Association, which runs CES, rescinded the award and their booth. Haddock and her team believe it is a reflection of gender bias and sexism in an industry with a long history of male domination.
CES-Wagz has new pet products
Wagz has three new products to help create better lives for your pets in a digital world. One is a collar with LTE tracking and an HD camera. Also a smart pet door that only lets your pet in and out. Lastly, a device to humanely keep Fluffy out of certain areas of your home. (Mat Luschek/Las Vegas Review-Journal)
TOP NEWS
News Headlines
Home Front Page Footer Listing
Circular
You May Like

You May Like