Owns its own dirt — one of the last Strip operators to do so
Wynn Resorts operates the [[casino:wynn|Wynn Las Vegas]] and [[casino:encore|Encore]] adjacent properties on the north Strip. Unlike most of its Strip peers, Wynn owns its own underlying real estate — there is no REIT in the capital stack. That makes Wynn an outlier and a useful counter-example to the [[operator:vici-properties|VICI]]-centric capital structure that dominates the rest of the Strip.
Founder Steve Wynn departed in 2018 amid sexual-misconduct allegations. The company has been led by Matt Maddox and (since 2022) Craig Billings. The largest single shareholder, as of April 2025, is Tilman Fertitta — the Houston-based billionaire and owner of [[operator:landrys|Landry's]] / [[casino:golden-nugget|Golden Nugget Las Vegas]] — who holds 12.3% of the company. See [[article:fertitta-family]].
No incoming references yet. Will appear here when other pages mention this entity.