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Wynn Resorts Tumbles After First-Quarter Revenue Miss

Joseph Woelfel

CEO Matt Maddox said on a conference call that casino revenue would soon rebound. Maddox also said that Encore Boston Harbor's June 23 opening could be delayed "a week or two later" as Wynn considers whether to accept fines and conditions set by Massachusetts gambling regulators. Wynn was handed a $35 million fine from Massachusetts but was allowed to keep its state casino license and open its Boston-area resort as planned after executives failed to disclose years of allegations of sexual misconduct against company founder Steve Wynn.