Macau, March 27, 2014 – Mr. Stephen A. Wynn, Chairman of the Board & Chief Executive Officer of Wynn Resorts, Limited personally introduced two new benefits programs to each and every one of the non-senior executives at Wynn Macau and Wynn Palace today. He invited 7,500 of his employees to become owners of Wynn Macau, Limited (SEHK: 1128).
With the first benefits program, Mr. Wynn is giving his employees ownership of Wynn Macau. Employees will each receive 1,000 shares of Wynn Macau, Limited stock. “I consider everyone at Wynn Macau my family, and it is my fundamental belief that our amazing success should also be shared as a family,” Mr. Wynn said.
“The only compelling way that my colleagues can fully participate in our business success is by making each and every one of them an owner of the company with me,” he said. “This is the kind of benefit that, through stock appreciation and regular dividends, will continue to work for them and their families well into the future.”
In the second benefits program, employees will receive an additional bonus in July, on top of their 13th month bonus paid annually in the winter. The additional bonus will be given out to employees starting this July and will continue through 2017.
“The stock ownership initiative, coupled with a guaranteed two months’ bonus annually through 2017, is consistent with our company history of looking after our wonderful employees and our embracing of the wider Macau community,” Mr. Wynn added.
