LAS VEGAS (May 6, 2020) – Wynn Resorts, the world's leading resort company based in Las Vegas, Nevada, announced today that the Company will extend paying all salaried, hourly and part-time employees through May 31, for a total of 75 days of payroll continuance. More than 15,000 current Wynn and Encore employees will continue to receive payroll coverage, which includes the average tip compliance rate or distributed tips/tokes for tipped employees. In total, the Company will invest close to $250 million in payroll expense.
"We have been working closely with state and local officials, gaming control boards, and leading public health professionals to determine how to safely reopen," said Wynn Resorts CEO Matt Maddox. "We have the best teams and culture in the industry, and have made the important decision to continue to invest in our employees in Las Vegas and Boston by extending their full pay and benefits through the end of the month while we work through the phases to welcome back our guests."
In addition to the payroll continuance, the Company recently announced a partnership with University Medical Center (UMC) that allows all employees of Wynn Las Vegas to have access to testing for the COVID-19 virus at no cost to the employee. The Company remains committed to the health and safety of its employees, their families and the Las Vegas and Greater Boston communities during this pandemic.
About Wynn Resorts COVID-19 Relief Efforts
Wynn Resorts is committed to supporting its home communities impacted by COVID-19 with relief efforts that fill financial and supply chain gaps where it matters the most. To date, The Company has procured and donated more than $3 million worth of financial aid, personal protective equipment, food and prepared meals, and essential cleaning and hygiene supplies to dozens of health care facilities and local nonprofit organizations throughout Las Vegas and Boston. This includes more than 245,000 N95-equivalent respirator masks, 730,000 surgical masks, and 580,000 pairs of medical gloves to hospitals, nursing homes, and law enforcement agencies; $125,000 in funds and $950,000 worth of food including 21,000 prepared meals to local food banks; and $100,000 in funds to domestic violence shelters.
The Company recently launched its new Virtual Volunteer program, an innovative digital platform that connects more than 15,000 Wynn employees under stay-at-home orders to hundreds of online volunteer opportunities. The donation and volunteer strategies follow an extensive financial protection plan implemented by Wynn Resorts CEO Matt Maddox that ensures all Wynn employees in North America will continue to receive their full wage, including their average tip, through May 31, 2020.
For more on Wynn Resorts ongoing COVID-19 relief efforts and additional health and safety measures please visit www.WynnInfo.com.