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Wynn Chooses Binion for Key Role



Printer Friendly VersionPost a CommentTell a Friend about this Article29 July 2006
As reported by: RGT Online
Wynn Resorts Thursday named Jack Binion as chairman of Wynn International and senior executive for its Asian operations and development.

"The decades of experience and unparalleled success that Jack brings to our company is extraordinary," Wynn Resorts Chairman Steve Wynn said in a statement. "Jack's guidance will greatly enhance our ability to deal with the challenges that we face as a fledgling operator in China." Advertisement

Binion, former chairman of Horseshoe Gaming Holding Corp., will join Wynn before the Sept. 5 opening of the $1.2 billion, 600-room Wynn Macau.

Binion sold Horseshoe Gaming, which owned three riverboats in Louisiana, Indiana and Mississippi, to Harrah's Entertainment in mid-2004 for $1.45 billion. The deal included a noncompete contract that precluded Binion from working for any Harrah's competitor domestically except in Nevada.

In an investor advisory, Jeffries and Co. analyst Larry Klatzkin called the appointment of Binion good news for Wynn Resorts.

"Binion's talent and creativity in dealing with high rollers should be of big benefit to Wynn, and we take this as a strong positive for the company," he said.
Article By: RGT Online

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