Wynn defers $375m in capital projects amid import tariffs
Wynn Resorts is postponing $375 million in capital spending, including a renovation of the Encore Tower hotel in Las Vegas, CEO Billings said during the company’s first-quarter 2025 results briefing. He said tariffs have made imported materials and products more expensive, while their effect on operating costs remains manageable; Wynn is seeking alternative suppliers.
The delay affects Wynn’s planned investment in Encore Tower and other projects, while tariff-related costs are prompting a search for alternative suppliers.