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Stock impact report

Wynn CEO calls for reopening Las Vegas Strip by mid- to late May [MarketWatch]

Wynn Resorts, Limited (WYNN) 
Last wynn resorts, limited earnings: 2/6 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: wynnresorts.com
Company Research Source: MarketWatch
Matt Maddox, chief executive of Wynn Resorts Ltd. , on Sunday called for the Las Vegas Strip to reopen in mid- to late May, as long as a number of health precautions are taken. In an op-ed published by the Nevada Independent, Maddox said parts of Nevada's economy should start reopening in early May. Casinos and other nonessential businesses in Nevada have been closed since March 18 due to the coronavirus pandemic. Maddox noted Wynn was the first casino operator to close its doors, and is paying employees through May 15. However, "It is costing us approximately $3 million per day or $180 million for two months," he wrote. "Our economy is in a freefall. Nevada will likely be one of the hardest hit states in the nation and suffer very high unemployment. It is imperative to flatten this curve so we can re-emerge in a safe, sustainable way." Maddox said Nevada is well positioned to reopen and has flattened its curve of infections enough to start the reopening process, assuming the state's Show less Read more
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