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Robin Leach: Luxe Life

What's your story? If you are a celebrity in Vegas, Robin Leach wants to know.



September 15, 2008 · 8:30 AM

Wynn’s employment contract extended through 2020

By Robin Leach

Wall Street sources confirmed this morning (Monday) that Steve Wynn's employment agreement with his Wynn and Encore properties in Las Vegas and Macau has been renewed through to Oct. 24, 2020. He doesn't get to up his paycheck or boost his bonus plans because all other terms of his contract remain unchanged.

The news leaked out in a new Wynn filing with the Securites & Exchange Commission today in Washington DC.

"It sure demonstrates Steve's faith and commitment not only to his company but also to all of Vegas during the current economic slowdown. He's in this for the long haul and he's never been wrong yet. If he's betting Vegas will turn around and boom again then ride with him,"one investment banker told me.

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