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Article: Wynn Resorts' loss slims.
- Article from:
- Las Vegas Review-Journal (Las Vegas, NV)
- Article date:
- November 4, 2005
CopyrightCOPYRIGHT 2005 Las Vegas Review-Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Chris Jones
Nov. 4--Wynn Resorts Ltd. will lay off more workers after reporting a third-quarter loss of nearly $14.2 million, company officials said Thursday.
After trimming 1,400 jobs from its opening day work force of 9,600, more cuts will be made Monday at the $2.7 billion Strip hotel-casino.
The reduction in full-time workers will be "another major adjustment," since the megaresort debuted April 28, Steve Wynn, the company's chairman and chief executive officer, said in a conference call with several Wall Street analysts.
"There's a proper level with each of these hotels where you have a certain amount of people to run the ...