MASHINIi

Wynn Resorts Limited.

WYNN.US | Short term accommodation activities

Wynn Resorts Limited is a developer and operator of high-end hotels, casinos, and resorts. The company's resorts typically feature luxury hotel rooms, extensive casino space, a variety of restaurants and bars, retail shopping, meeting and convention facilities, and entertainment venues. Wynn Resorts...Show More

Ethical Profile

Mixed.

Wynn Resorts faces scrutiny over its ethical conduct, notably settling a lawsuit related to sexual harassment allegations against former CEO Steve Wynn. This led to significant fines, including $20 million from Nevada and $35 million from Massachusetts gaming commissions. The company has incurred approximately $191 million in total penalties since 2000, with over $60 million linked to employment offenses like discrimination and wage violations. Despite this, Wynn Resorts recently agreed to a new union contract, raising average hourly wages from $28 to $37 over five years, following reports of workers authorizing a potential strike. On environmental efforts, the company targets net-zero emissions by 2050 and has achieved 100% renewable energy at Encore Boston Harbor and eliminated 8 million plastic bottles annually at Wynn Macau.

Value Scores

Better Health for All-20
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing-10
-100100
Honest & Fair Business-40
-100100
Kind to Animals30
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

-20

Wynn Resorts' core business, primarily gaming, has well-established negative health outcomes, particularly addiction, with no specific mitigation efforts mentioned in the provided evidence. The company also faced a 2009 class action regarding employee exposure to second-hand smoke

1
and settled a 2023 lawsuit over inadequate investigation into sexual harassment claims,
2
indicating a past failure to address employee health concerns, including potential mental health impacts. Despite these issues, Wynn Resorts demonstrated strong public health crisis response during COVID-19, partnering with the University Medical Center to establish vaccination centers that administered over 50,000 vaccines
3
and testing facilities capable of 7,000 PCR tests daily.
4
The company also provided free COVID-19 testing for employees
5
and contributed 70 team members for contact tracing.
6
Additionally, Wynn Resorts offers 24/7 telehealth services for guests and their families,
7
provides comprehensive health benefits for employees,
8
and launched a "Wynn Living Well" program focusing on wellness experiences, nutritious meals, and fitness.
9
Sustainability efforts, such as renewable energy installations and waste diversion, also contribute to public health.
10

Fair Money & Economic Opportunity

0

Wynn Resorts Limited operates high-end hotels, casinos, and resorts, generating revenue primarily from gaming, hotel rooms, food and beverage sales, and retail. The company's core business does not involve offering lending, deposit, or other consumer financial services. Consequently, all KPIs related to financial products, pricing, fees, lending compliance, customer financial outcomes, and financial literacy are not applicable. While Wynn Resorts engages in community involvement, such as the Wynn Employee Foundation, an Employee Lifeline Fund, and diversity and inclusion efforts including recruitment from HBCUs

1
and NAACP sponsorship,
2
these initiatives are not structured as community finance or profit-sharing programs that provide financial services to underserved clients, nor do they represent a share of a loan/insurance book.

Fair Pay & Worker Respect

20

In 2023, 47% of Wynn's U.S. employees were unionized.

1
In November 2023, Wynn Resorts reached a new five-year contract with the Culinary Workers Union, which was ratified by 99% of union members.
2
This agreement includes a 10% wage increase in the first year and a total of 32% over the contract's duration, raising the average hourly wage from $28 to approximately $37, including benefits.
3
The contract also mandates workload reductions for housekeeping staff, daily room cleaning, increased safety protections, expanded technology contract language, and extended recall rights.
4
These negotiations followed a potential strike authorization in September 2023 by Las Vegas hotel workers, including those at Wynn Resorts, seeking improved pay, benefits, and working environments.
5
Since 2000, Wynn Resorts has faced penalties totaling over $191 million for various violations, with more than $60 million specifically related to employment offenses such as discrimination and wage violations.
6

Fair Trade & Ethical Sourcing

-10

Wynn Resorts reported no incidents of forced or child labor in its 2023 ESG report.

1
The company condemns all forms of human trafficking and has adopted an anti-human trafficking policy.
2
It requires due diligence investigations on potential partners
3
and has developed awareness training and a virtual curriculum for employees on human trafficking prevention.
4
Mandatory training for employees to identify and respond to potential human trafficking situations was introduced in 2021 across Wynn Las Vegas and Encore Boston Harbor.
5

Honest & Fair Business

-40

Wynn Resorts revised its Code of Business Conduct and Ethics and Permitted Disclosures Policy in August 2020, aiming to encourage employees to report concerns without fear of retaliation.

1
However, there is no evidence of independent investigation processes for these reports. An earlier report from January 2018 noted that no formal complaints were reported through the company's hotline, which raised questions about internal policies.
2

Kind to Animals

30

Wynn Resorts achieved 100% cage-free chicken egg sourcing globally in 2024, ahead of its 2026 target, with U.S. resorts reaching this in 2023.

1
The company maintains a policy that none of its bath amenities are tested on animals, and it does not sell products that have been tested on animals, implying zero animals used in testing.
2
Its K9 Unit at Wynn Las Vegas holds Platinum Level accreditation, with K9s housed in 3,800-square-foot climate-controlled quarters, receiving comprehensive health and dental insurance, regular veterinary care, and trained using positive reinforcement.
3
Wynn Macau operates a jellyfish breeding system since 2010, eliminating the need to source species from the wild for aquariums, and the Wynn Golf Course is an Audubon Cooperative Sanctuary for wildlife habitat management.
4
Wynn Palace obtained and renewed Marine Stewardship Council and Aquaculture Stewardship Council Chain of Custody certifications for seafood.
5
The company also supports various animal welfare organizations and discourages the use of animals in entertainment, requiring humane treatment certification if used.
6

No War, No Weapons

0

Wynn Resorts Limited does not have direct or indirect involvement in military operations, arms manufacturing, or conflict facilitation, with its core focus on hospitality and entertainment.

1
This indicates zero revenue from arms or defense contracts, no exposure to any weapons, no defense assets requiring divestment, and no need for codified ethical red lines related to weapons. The company has been recognized for community engagement
2
and supports military veterans through dedicated councils,
3
emphasizing non-conflict-related activities.
4

Planet-Friendly Business

-40

Wynn Resorts Limited has set a corporate sustainability goal to achieve Net-Zero emissions by 2050, with an interim target for Carbon Dioxide Emissions to peak by 2030.

1
Encore Boston Harbor receives 100% of its energy from renewable sources and diverts 100% of waste from landfills.
2
Wynn Las Vegas meets 25% of its electric load with green power, reduced CO₂ emissions by over 80,000 metric tons, and reduced water usage by 16% from its 2019 baseline.
3
Wynn Las Vegas also achieved a 41% waste diversion rate.
4
The company has 23 megawatts of solar capacity, and the Wynn Solar Field powers seven casinos completely, leading to a 20% reduction in annual energy consumption.
5
Wynn Resorts aims for a 50% renewable energy sourced operation by 2030.
6

Respect for Cultures & Communities

0

No specific, quantifiable evidence was found in the provided articles that directly corresponds to the defined Key Performance Indicators for 'Respect for Cultures & Communities'. While the company received awards for being community-minded

1
and for social impact,
2
and made charitable donations totaling nearly $9 million in 2023
3
and $1.44 million in grants in 2024,
4
the articles do not provide the specific percentages, counts, or protocol details required by the rubric's thresholds for any KPI. Information on cultural impact assessments, local employment ratios, grievance mechanisms, cultural preservation investments, or specific supplier diversity numbers is not present.

Safe & Smart Tech

0

The provided articles describe Wynn Resorts' cybersecurity program as grounded in the National Institute of Standards and Technology Framework, including regular risk assessments, audits, and security controls

1
. The company states it invests in infrastructure, personnel, and training
2
, and that its CISO provides quarterly updates to the Board
3
. It also mentions integrating AI-driven technologies while prioritizing privacy, security, and ethical AI practices
4
, and partnering with BeyondTrust for privileged account protection and regulatory compliance
5
. However, the articles do not provide specific, quantifiable data points such as the frequency or scale of data breaches, percentage of revenue invested in cybersecurity, specific privacy or security certifications, employee training effectiveness rates, encryption coverage, AI audit frequency, or detailed information on user data controls. Consequently, there is insufficient evidence to score any of the KPIs against the provided rubric's quantitative thresholds.

Zero Waste & Sustainable Products

-30

Wynn Las Vegas achieved a 41% waste diversion rate in 2023.

1
The company has implemented several waste reduction initiatives, including Wynn Macau's adoption of the 'Winnow Vision System' in 2019, which led to a 70% reduction in food waste (approximately 350 tonnes annually).
2
Wynn Macau also installed an on-site water bottling plant in 2020 to eliminate about 8 million plastic bottles annually.
3
At Wynn Las Vegas, comprehensive recycling and composting programs were implemented, such as recycling over 4,000 pounds of soap,
4
and a zero waste event service was launched to avoid single-use plastics and divert at least 90% of event waste from landfills.
5

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.