LAS VEGAS--(BUSINESS WIRE)--May 4, 2004--Wynn Resorts, Limited
(Nasdaq:WYNN) announced today that it has expanded its Board of
Directors and appointed Kiril Sokoloff to serve as the eleventh member
of the Company's Board. In addition to serving as the seventh
independent member of the Board, Mr. Sokoloff was appointed as the
fourth independent member of the Board's four-person Audit Committee.
Mr. Sokoloff is the President of 13D Research Inc., an independent
financial research firm he founded in 1983. 13D Research is focused on
detecting changes that will impact businesses and investments anywhere
in the world. He also is the founder and Chairman of Bluespan, a
company engaged in the research and production of wireless
applications for consumer use and the founder and Co-Chairman of HC
Search Company, a company involved in providing healthcare information
to customers over the Internet.
Mr. Sokoloff has authored several books including, among others:
Street Smart Investing (1984), Is Inflation Ending? Are you Ready?
(1983) and Thinking Investor's Guide to the Stock Market (1978). Mr.
Sokoloff was also one of the first foreign professional investors to
invest in Hong Kong. He opened an office in Hong Kong in 1992 and
introduced many of the largest money management firms in the U.S. to
the historic investment opportunity in Hong Kong/China.
"All the members of the Board are delighted that Mr. Sokoloff, a
man of wide perspective and rich understanding of world events, has
joined our company. His presence on the Board will greatly enhance the
Board's effective representation of all shareholders," added Stephen
This press release contains "forward-looking statements" within
the meaning of the federal securities laws. The forward-looking
statements in this press release involve risks and uncertainties,
which could cause actual results to differ from those expressed in or
implied by the statements herein. Additional information concerning
potential factors that could affect the company's future results is
included under the caption "Risk Factors" in Item 1 of Wynn Resorts'
annual report on Form 10-K for the year ended December 31, 2003.
CONTACT: Wynn Resorts, Limited
Samanta Stewart, 702-770-7555
SOURCE: Wynn Resorts, Limited