Business Context and Reporting Period
Company: Wynn Resorts, Limited
Filing Type: Form 8-K (Current Report)
Date of Report: July 2, 2013
Subject: Conclusion of SEC informal inquiry regarding a donation by Wynn Macau, Limited to the University of Macau Development Foundation.
Key Financial Metrics
This filing is a qualitative report regarding regulatory matters. It does not contain financial statements, revenue figures, profit data, cash flow, margins, debt levels, or liquidity metrics.
Material Changes
SEC Inquiry Status: The Salt Lake Regional Office of the SEC has completed its informal inquiry initiated on February 13, 2012. The Office stated it does not intend to recommend any enforcement action against the Company.
Nevada Gaming Control Board: As previously announced in February 2013, the Board completed its investigation of Mr. Stephen A. Wynn and related entities in Macau, finding no violations of the Gaming Control Act or Nevada Gaming Commission Regulations.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resolution of the regulatory investigations without adverse findings.
Risks and Contingencies: The primary risk associated with the pending inquiry has been mitigated by the SEC's decision not to pursue enforcement. No new risks or unusual items are disclosed in this report.
Key Facts for Investor Verification
- SEC informal inquiry regarding Wynn Macau's donation to the University of Macau Development Foundation is closed.
- SEC will not recommend enforcement action against Wynn Resorts, Limited.
- Nevada Gaming Control Board previously found no violations regarding Mr. Stephen A. Wynn in Macau.
- No financial data is provided in this specific filing.