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Article: Wynn Resorts Comments on Encore Plan
- Article from:
- AP Online
- Article date:
- June 10, 2005
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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AP Online
06-10-2005
Dateline: LAS VEGAS
Wynn Resorts Ltd. has extended the completion date for its $1.4 billion Encore hotel-casino to Dec. 31, 2008 to allow time to refine the scope of the project.
Wynn Resorts had originally planned to finish the megaresort nine months earlier, according to documents filed Thursday with the Securities and Exchange Commission.
The company is building Encore next to its $2.7 billion Wynn Las Vegas that opened April 28 and has already generated strong revenues in its first 34 days of operation.
Encore will be freestanding, but fully integrated with Wynn Las Vegas, the filing said.
The company said it wants to enlarge the Encore project due to demand for Wynn ...
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