Wynn Resorts pumps the brakes on Encore tower renovation amid tariffs

Wynn Resorts halts $375M in CapEx, citing tariffs

The resort operator delayed its Encore Tower remodel amid ongoing economic uncertainty, but CEO Craig Billings says other areas of the business have not been impacted.

Wynn Resorts pumps the brakes on Encore tower renovation amid tariffs

LAS VEGAS (KLAS) — Wynn Resorts is delaying its remodeling project at the Encore tower on the Las Vegas Strip because of uncertainty about the impact of tariffs. Craig Billings, chief executive officer of Wynn Resorts, Ltd., told investors during its first-quarter earnings call that the renovations — estimated to cost in the upper-$200 million range — would wait until things settle. Wynn is delaying a total of $375 million in capital expenditure…

Wynn postponing Las Vegas remodeling project due to higher tariff expenses

The company’s CEO says while tariffs on operating expenses, such as food and beverage, are manageable, higher costs involving capital expenses are another story.

Wynn Delays $375M In Capital Expenditures Due To Tariffs

Wynn Resorts, a REIT with six massive casino resorts, is pausing hundreds of millions of dollars in spending due to the impacts of the Trump administration's tariff policies.