Wynn Resorts CEO Calls for Reopening Vegas Strip By Mid-May
Wynn Resorts (NASDAQ: WYNN) CEO Matt Maddox says the Las Vegas Strip could reopen as soon as mid-May and as late as the end of May, so long as "extensive safety measures" are taken.
The casino operator was the first resort in Nevada to close ahead of the order by the state to shut down, and it has agreed to pay all of its employees' wages, including the estimated tips they would have received, through May 15.
Maddox says it costs Wynn $3 million a day to do so, amounting to $180 million for the two months the resort has been closed, but it's time to move to reopen the state's flailing economy.
Source Fool.com
