Wynn Resorts (NASDAQ: WYNN) famous at this time Steve Weitman, the president of the operator’s Las Vegas Strip properties, is leaving the corporate efficient June 10.
Wynn and Encore on the Las Vegas Strip. President Steve Weitman is leaving the venues in June after twenty years with the corporate. (Picture: Luxurious Life-style Journal)
The manager didn’t give a cause for his departure past noting he’s evaluating different alternatives and now could be “the best time to pursue my subsequent chapter.”
After 20 years with this nice firm and main the property to the most effective monetary leads to its historical past, Wynn Las Vegas and Encore are in a superb working place,” Weitman stated in a letter to colleagues and workers on the Strip venues. “This has been an incredible journey and I couldn’t be prouder to have labored alongside the most effective within the enterprise. The friendships and relationships I’ve constructed with a lot of you over the past twenty years will final a lifetime, for which I’m most grateful.”
Wynn and Encore Las Vegas are the operator’s Sin Metropolis properties and two of its three US venues with the opposite being Encore Boston Harbor.
Weitman Had Lengthy Historical past with Wynn
When he leaves the gaming firm on June 10, Weitman can have spent simply over twenty years with the agency.
He joined as senior vp of Wynn Las Vegas — a task he held for 12 years and 5 months — in Could 2004. In September 2016, he was promoted to chief working officer (COO) of the Sin Metropolis venues. He occupied that function till January 2023 when he was elevated to president.
“All of us will miss Steve, however after such an extended and profitable run, we will all perceive why he now needs a while to think about different life choices. … Steve has been an integral a part of Wynn Las Vegas for 20 years. He has demonstrated a singular stage of dedication to Wynn and has contributed a lot to our success. His profession inside the firm has been inspiring to so many,” stated Wynn CEO Craig Billings in a notice to workers.
Previous to becoming a member of Wynn, Weitman spent greater than eight years as director of operations and licensing for Walt Disney at that firm’s Burbank, Calif. headquarters.
Attention-grabbing Timing for Weitman Departure
Whereas neither Weitman nor Wynn gave a particular cause for the manager’s choice to depart the helm of Wynn Las Vegas, his departure comes because the operator is embroiled in litigation in opposition to Fontainebleau Las Vegas for pilfering Wynn staffers.
Wynn formally sued Fontainebleau in late February with the most recent venue on the Strip firing again with a authorized complain of its personal lower than a month later. Wynn believes that a number of former culinary and nightlife workers that jumped ship to Fontainebleau actively tried to recruit former colleagues nonetheless employed at Wynn and a few might have violated non-compete agreements with Wynn.
To be clear, there is no such thing as a information at this level about Weitman shifting to a different on line casino or staying within the gaming business following his June departure from Wynn Las Vegas.
