Wynn Resorts, Limited (WYNN) — ESG & Values Scores

Environment story

Wynn Resorts demonstrates weak environmental performance. Scope 1, 2, and 3 emissions are not disclosed in available filings, triggering automatic deductions. No net-zero target year is stated or disclosed. The company acknowledges extensive environmental regulation due to real property ownership, particularly contamination at Encore Boston Harbor (Massachusetts site). Typhoon exposure in Macau is documented as a material risk but no climate adaptation or resilience investments are detailed. No verified decarbonization infrastructure investments are evident. The company's environmental disclosure lacks transparency on operational emissions, renewable energy commitments, and supply-chain carbon. Greenwashing risk is elevated due to silent public messaging on climate commitments despite fiduciary acknowledgment of climate-related regulatory risk.

Criticisms on file

Contaminated sites requiring remediation at Encore Boston Harbor (Everett, Massachusetts); ultimate remediation costs difficult to predict.
Source: WYNN_10k.txt, Item 1A Risk Factors, Environmental Regulation section
Extreme weather vulnerability: Typhoon Ragasa (2025), Typhoon Mangkhut (2018), Typhoon Hato (2017) documented as material risks to Macau operations; no adaptation infrastructure disclosed.
Source: WYNN_10k.txt, Item 1A Risk Factors, Macau Operations section
No disclosed Scope 1, 2, or 3 emissions data; no net-zero target; no renewable energy percentage disclosed.
Source: WYNN_10k.txt and WYNN_proxy.txt (complete filing review)

Disclosed initiatives

Environmental Compliance and Risk Management

Company acknowledges extensive environmental regulation due to real property ownership; contamination identified at and in vicinity of Encore Boston Harbor site in Everett, Massachusetts requiring investigation and potential remediation.

Reactive compliance posture; remediation costs uncertain and potentially substantial.

Social story

Wynn Resorts exhibits mixed social performance. CEO-to-median-worker pay ratio is not disclosed in available filings, preventing accurate assessment; governance documents reference 'Pay Ratio Disclosure' section but specific ratio data is absent from source materials. Labor relations show documented union presence (collective bargaining agreements mentioned) without evidence of active suppression in past 24 months, but no neutrality agreements or positive labor partnerships disclosed. Diversity metrics for workforce and leadership are not quantified in provided filings; however, leadership diversity appears limited based on board composition (11 directors listed; gender distribution not fully detailed in excerpt). Supply-chain labor audits and human-rights due diligence are not addressed. The company acknowledges intense competition for labor in Macau and dependence on imported labor. No modern slavery statement or living-wage commitment is evident. Turnover rates are undisclosed. Overall, social transparency is weak and labor practices lack proactive ethical commitments beyond regulatory compliance.

Criticisms on file

CEO-to-median-worker pay ratio not disclosed in available filings; Pay Ratio Disclosure section referenced but data absent from source materials.
Source: WYNN_proxy.txt, sections on Executive Compensation and Pay Ratio Disclosure (data incomplete)
Workforce and leadership diversity percentages not quantified; no formal diversity metrics or programs disclosed in available filings.
Source: WYNN_proxy.txt and WYNN_10k.txt (complete review; no diversity data found)
No modern slavery statement, forced-labor policy, or supply-chain human-rights audit disclosed.
Source: WYNN_10k.txt and WYNN_proxy.txt (complete filing review)
Labor organizing activity ongoing; company unable to provide assurance against future successful organizing or labor disputes.
Source: WYNN_10k.txt, Item 1A Risk Factors, Labor Actions section

Disclosed initiatives

Employee Attraction and Retention in Competitive Labor Markets

Company acknowledges dependence on continued services of key managers; recognizes intense competition for qualified management and technical personnel. Annual report highlights awards for labor in Macau, competing for limited qualified employees.

No formal retention or development programs disclosed; reliance on compensation competition rather than workplace culture or advancement initiatives.
Stock Awards for 20th Anniversary (Wynn Las Vegas)

Company granted stock-based compensation to employees in connection with 20th anniversary of Wynn Las Vegas opening, increasing general and administrative expenses by $36.5 million.

One-time benefit; retention effectiveness unclear.

Governance story

Wynn Resorts exhibits moderate governance strengths with material weaknesses. Board independence is strong at approximately 91% (10 of 11 directors independent; CEO + 10 non-executive/independent directors per proxy), exceeding the 75% threshold and approaching best-practice 80%+ standard. Share structure is single-class (no dual-class voting), a governance positive. However, concentration of influence is material: Elaine P. Wynn trusts own ~9.12% of shares and are party to a Cooperation Agreement controlling Board composition (specifically guaranteeing appointment of Philip G. Satre as Chair). This supermajority-coalition control mechanism partially offsets independence metrics. Lobbying expenditures are not quantified in available filings. Significant regulatory/compliance matters documented: non-prosecution agreement with DOJ/USAO (Sept 2024) resulting in $130 million forfeiture and enhanced compliance programs related to anti-money laundering deficiencies at Wynn Las Vegas. No active antitrust litigation disclosed; privacy/cybersecurity risk disclosures are extensive but no material fines documented. The company's regulatory posture is reactive; proactive governance gaps include absence of disclosed ESG oversight committee mandate and limited transparency on political contributions or lobbying targets.

Criticisms on file

Non-prosecution agreement (NPA) with DOJ/USAO effective September 6, 2024: Wynn Las Vegas forfeited $130 million related to anti-money laundering deficiencies. Investigation began in 2020 with grand jury subpoenas regarding transactions involving foreign patrons and agents.
Source: WYNN_10k.txt, Item 1A Risk Factors, Anti-Money Laundering section and Item 7 MD&A
Elaine P. Wynn trusts own ~9.12% of outstanding shares and are party to Cooperation Agreement controlling Board composition, including guaranteed appointment of Philip G. Satre as Chair. Effective supermajority control limits independence despite formal metrics.
Source: WYNN_10k.txt, Item 1A Risk Factors, Stockholder Matters; WYNN_proxy.txt, Board Leadership section
Lobbying expenditures not quantified or disclosed; political contribution stance toward environmental deregulation or consumer-protection rollbacks not addressed.
Source: WYNN_10k.txt and WYNN_proxy.txt (complete review; no lobbying data found)
Extensive cybersecurity and data-breach risk disclosures; company acknowledges prior security incidents (stated as non-material to date) and expectation of additional incidents in future.
Source: WYNN_10k.txt, Item 1A Risk Factors, Cybersecurity and Data Protection sections
Regulatory investigations and litigation distract management and damage reputation; multiple grand jury subpoenas and information requests from U.S. regulators documented.
Source: WYNN_10k.txt, Item 1A Risk Factors, Investigations and Litigation section

Disclosed initiatives

Independent Board Leadership and Separation of Roles

Chair (Philip G. Satre) is independent, non-executive director, separate from CEO (Craig Billings). Board bylaws and corporate governance guidelines require annual election of independent, non-executive Chair by majority of directors.

Clarifies roles, streamlines decision-making, enhances accountability per Board statement. Positive governance structure.
Audit Committee Oversight and Independent Auditor

Audit Committee meets regularly in executive session with independent auditors (Ernst & Young LLP), General Counsel, Chief Audit Executive, and CFO to review accounting, controls, compliance, and regulatory matters. Independent auditors have unfettered access to Audit Committee.

Robust financial oversight framework; independent auditor engagement strengthened.
Enhanced Anti-Money Laundering Compliance Program

Pursuant to NPA with DOJ/USAO (2024), Wynn Las Vegas committed to enhanced AML compliance programs and controls beyond prior protocols.

Remedial; addresses identified deficiencies but indicates prior compliance gaps.
Compensation Committee Independence and Advisor Retention

Compensation Committee retained Radford (Aon plc) in 2025 as independent compensation advisor; no other services provided by advisor to company, eliminating conflicts of interest.

Aligns executive compensation with market comparables and reduces advisory bias.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Wynn Resorts, Limited. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Wynn Resorts, Limited in the app for interactive charts and portfolio building.

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