Brian Gullbrants on capital deployment
From Wynn Las Vegas President Brian Gullbrants · · NoVacancyNews
“Craig, our CEO, and myself — our focus is how are we deploying capital in the future: how are we going to stay fresh and relevant? We just renovated all of the Wynn rooms — $220 million.”
On , Brian Gullbrants, Chief Operating Officer - North America at Wynn Resorts, spoke about capital deployment during Wynn Las Vegas President Brian Gullbrants on NoVacancyNews.
About Brian Gullbrants
In a December 2022 interview, Wynn Las Vegas President Brian Gullbrants discussed the company's pandemic-era decision to continue paying hourly employees, including average tips and healthcare, stating that this allowed the property to retain its staff when it reopened. He described a daily practice of writing a message to the company's 1,400 leaders, who are required to pass it along to all employees, and said that employees remember how they were treated during difficult times. Gullbrants also outlined environmental goals, including achieving net-zero emissions by 2050, peaking CO2 by 2030, and sourcing 50% of energy from renewables by 2030. Gullbrants noted that the company renovated all Wynn rooms at a cost of $220 million, and described the focus of CEO Craig Billings and himself as deploying capital to keep the property fresh and relevant. He mentioned that Wynn has 37 acres across the Strip, and in conjunction with Formula 1, Insomniac, and Live Nation, there will be a large activation on that site, with Wynn as a founding partner of Formula 1. He also discussed the creation of bespoke experiences, such as the Harland dinners, saying the goal is to "make the untouchable touchable" and create experiences that people could not otherwise have.