Trinity Health has written a letter to fellow Wynn Resorts shareholders, urging them to vote for a proposal that the Board of Directors commission and disclose a report on the potential cost savings from implementing a smoke-free policy at its casino properties.
The letter, which indicated the shareholder meeting is on April 30, said the report should be prepared at a reasonable cost, omitting confidential and proprietary information.
“The proponent is requesting additional transparency regarding how the company manages the risks associated with indoor secondhand smoke and the benefits of non-smoking indoors,” the letter said. “As long-term shareholders concerned with legal, operational, and reputational risks to the company, we find the current disclosure insufficient.”
In response to shareholders, Wynn said the Board has carefully considered the proposal and concluded that its adoption is not in the best interests of the company or its shareholders.
“The Company’s smoking policies at our properties already take into consideration a wide range of business factors, including the various needs and preferences of all our guests, local practices and regulations, the policies of our relevant market competitors, and other considerations,” Wynn said in the statement.
“The Company is subject to, and complies with, all applicable laws and regulations concerning smoking at each of our properties,” the statement said. “In addition, at our Las Vegas property where smoking is allowed in the casino, we limit the areas in which our customers and other visitors are allowed to smoke and have invested in a state-of-the-art air ventilation system to reduce the presence of smoke in those limited areas in which smoking is permitted.”
Wynn said it regularly considers the various business factors related to smoking and the Board doesn’t believe this proposal would be an effective use of its time and resources.
“Our Board of Directors recommends that you vote against this shareholder proposal.”
