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Business
November 22, 2024
Wynn Shares Al Marjan Casino Update, Says Building Is 55% Complete
Wynn Resorts announced that the construction of its Al Marjan Island casino resort is progressing well, moving the company closer to realizing its UAE casino ambitions. The company hopes to complete the overall property by December 2025. The Construction Is Progressing Well According to Wynn’s announcement, 55% of the structural concrete is now complete. The […]
Casino
November 22, 2024
Opposition to Wynn NY Casino Grows as 5,000 Join “Protect the High Line”
As the awarding of the downstate New York casino licenses draws near, the competition between casino operators intensifies. Unfortunately for them, not everyone is on board with their casino projects. The War for New York Rages On Wynn Resorts continues to face trouble in New York where locals have strongly opposed its plans for a […]
Business
November 15, 2024
Tilman Fertitta Bolsters His Influence Within Wynn Resorts
Billionaire entrepreneur Tilman Fertitta, known for his ventures in hospitality and gaming, has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the US Securities and Exchange Commission (SEC). The filing currently designates Fertitta’s position as “passive,” but industry insiders have reportedly hinted that the Houston billionaire may soon push […]
Business
November 5, 2024
Wynn Resorts Remains Optimistic on UAE Expansion Despite Underwhelming Q3 Results
Despite an unimpressive third-quarter earnings report, Wynn Resorts is doubling down on its ambitious expansion into the UAE, specifically through its landmark Wynn Al Marjan Island project in Ras Al Khaimah. CEO Craig Billings was optimistic about the UAE project, set to launch in 2027, as the operator expects it to usher in a new […]
Legal
November 4, 2024
Ex-Wynn Cocktail Server Secures $321K Compensation After Trial
A lawsuit filed by a former cocktail server at Wynn Las Vegas picked up speed after a five-day trial granted her more than $320,000 in compensatory and punitive damages. Compensation Awarded in Unlawful Termination Lawsuit The lawsuit was filed by Tiare Ramirez, who was a Wynn employee from November 2008 through November 2017. In November […]
Business
October 7, 2024
Steve Wynn Lowers Price of NYC Penthouse after No Buyer Is Found
Billionaire and casino mogul Steve Wynn has been trying to sell a luxurious penthouse in New York City. However, since no buyer has been found yet, the businessman was forced to lower the price by some $20 million. Steve Wynn Failed to Sell the Luxurious Property According to Realtor, the residence on sale is currently […]
Industry
October 7, 2024
UAE Awards First Commercial Gaming License to Wynn Resorts
In 2023, Wynn Resorts, the leading gaming, hospitality and entertainment operator, began the construction of its ambitious project in the United Arab Emirates (UAE), Wynn Al Marjan. Now, the company reached a major milestone after securing the first commercial gaming license in the jurisdiction. Wynn Received the License After Extensive Review The license was awarded […]
Legal
September 9, 2024
Wynn Las Vegas Forfeits $130M to Settle Financial Offenses Allegations
The US Department of Justice (DOJ) announced that Wynn Las Vegas, Wynn Resorts’ Vegas-based subsidiary, has agreed to pay over $130 million to settle claims that it worked with unlicensed money transfer companies. According to the DOJ, this is the largest such forfeiture by a casino company yet. The Company Allegedly Conspired with Illegal Businesses […]
Casino
September 6, 2024
Wynn Al Marjan Island Gathers Steam as New Signs of Confidence Emerge
Now, JPMorgan analyst Joseph Greff has suggested that while a casino has not been confirmed just yet, and the project in Ras Al Khaimah is largely a hospitality development, this will change in the coming weeks or months. Wynn Set to Host Investor Day Possibly Tied to Middle East Operations There are several reasons to […]
Business
August 21, 2024
Wynn Appoints Max Tappeiner as Wynn Al Marjan President
Wynn Resorts has designated Max Tappeiner as the president of its Wynn Al Marjan Island property. Tappeiner, who is set to step into the office on September 1, 2024, will stand at the helm of the new resort, overseeing the company’s foray into the United Arab Emirates. Tappeiner Replaces Schoen In his new position, Tappeiner […]
