Wynn Resorts Ltd WYNN
Q1 2010 Earnings Call Transcript

Transcript Call Date 04/29/2010

Operator: Good afternoon, and welcome to the Wynn Resorts First Quarter 2010 Earnings Call. Joining the call on behalf of the Company today are Steve Wynn; Marc Schorr; John Strzemp; Matt Maddox; Andrew Pascal, President of Wynn Las Vegas; Scott Peterson, CFO of Wynn Las Vegas; and on the phone Ian Coughlan, President of Wynn Macau; and Robert Gansmo, CFO of Wynn Macau. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). Thank you.

I would now like to turn the call over to Mr. Maddox. Please go ahead, sir.

Matt Maddox - CFO and Treasurer: Thank you very much. Good afternoon, everyone, and good morning to people in Asia. I just need to remind everybody that this conference call will be – some of the things we’ll say are forward-looking statements and they are protected under the Safe Harbor federal securities laws.

With that, I’m going to go ahead and turn the call over to Steve Wynn for opening remarks.

Stephen A. Wynn - Chairman and CEO: Thanks, Matt. The numbers I think speak for themselves. Really very little to add to that, except that the first quarter numbers that we released today do not include any contribution from Wynn Encore in Macau, and which opened a week ago today, and we are looking forward to it contributing to the overall impact of our operation in Macau.

I’m also pleased to announce that we have instituted – as announced previously, we have instituted our first quarter dividend of $0.25 a quarter, which will be payable to stockholders of record on May 12th and paid down on May 26th.

With that, I’ll take questions.

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