Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - WYNN RESORTS LTD | form8k.htm |
Exhibit
99.1
WYNN
RESORTS DECLARES SPECIAL CASH DIVIDEND AND ANNOUNCES BOARD
APPROVAL OF A REGULAR CASH DIVIDEND COMMENCING IN 2010
APPROVAL OF A REGULAR CASH DIVIDEND COMMENCING IN 2010
LAS
VEGAS--(BUSINESS WIRE)—November 9, 2009--Wynn Resorts, Limited (Nasdaq:WYNN),
announced today that its Board of Directors declared a special cash dividend of
$4.00 per share on its outstanding common stock. This dividend will
be payable on December 3, 2009, to stockholders of record on November 19, 2009.
The stock will begin to trade ex-dividend on November 17, 2009.
The
Company’s Board of Directors also approved the commencement of a regular cash
dividend program, beginning in 2010. It is currently anticipated this
regular cash dividend will be $0.20 per share of common stock for the first
quarter of 2010, payable in the second quarter of 2010.
Forward-looking
Statements
This
release contains forward-looking statements regarding payment of certain cash
dividends by the Company. Such forward-looking information involves
important risks and uncertainties that could significantly affect payment by the
Company of the cash dividends. The risks and uncertainties include, but are not
limited to competition in the casino/hotel and resorts industries, the Company’s
dependence on existing management, levels of travel, leisure and casino
spending, general economic conditions, and changes in gaming laws or
regulations. Additional information concerning potential factors that could
affect payment by the Company of the cash dividends is included in the Company's
Annual Report on Form 10-K for the year ended December 31, 2008 and the
Company's other periodic reports filed with the Securities and Exchange
Commission. The Company is under no obligation to (and expressly disclaims any
such obligation to) update its forward-looking statements as a result of new
information, future events or otherwise.
CONTACT:
Wynn Resorts
Samanta
Stewart, 702-770-7555
SOURCE:
Wynn Resorts, Limited
1