Wynn president Pascal resigning, replaced by Harrah’s executive
Wynn Las Vegas President Andrew Pascal will be resigning from his position, the company announced Monday in a filing with the Securities and Exchange Commission.
Pascal will be replaced by Marilyn Winn Spiegel, 58, who spent the last 22 years as an executive with Harrah's Entertainment Inc. Spiegel's most recent position was regional president of Bally's, Paris Las Vegas and Planet Hollywood Resort and Casino.
The change will be effective Dec. 1, the company said.
The regulatory filing did not give a reason for Pascal's departure, but said "there are no disagreements between the company and Mr. Pascal."
Pascal's resignation was announced about a week after Wynn Resorts Ltd. announced a loss of $22.5 million, or 27 cents a share, for the third quarter, compared with a profit of $34.2 million for the same period last year.
Pascal has held the position of president since October 2005. Before that, he was executive vice president and chief operating officer of Wynn Las Vegas, a subsidiary of Wynn Resorts. He joined the company in 2003, serving as senior vice president of product marketing and development.
Shares of Wynn Resorts gained $3.47, or 3.07 percent, to close Monday at $116.54 on heavy volume of 5.24 million shares traded on the New York Stock Exchange. On average, Wynn trades about 2.9 million shares daily.
Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.
