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Industry
January 15, 2021
Encore Las Vegas to Serve as Vaccination Center in Nevada
Wynn will lend Encore Las Vegas to Nevada’s University Medical Center as a vaccination center against Covid-19 with inoculations starting on Monday. Encore Las Vegas Opens as Vaccination Center on Monday The Encore Las Vegas owned by Wynn will become a temporary Covid-19 vaccination center with the casino landing sufficient space to carry out inoculations […]
Business
January 7, 2021
Wynn Top Management Agree on 20% Salary Reduction for 3 Months
According to a filing by Wynn Resorts with the Securities and Exchange Commission earlier this week, three of the company’s top corporate executives agreed to take a 20% salary reduction. The salary reduction will be effective for three months starting January 1, 2021. Top Corporate Executives Agree on 20% Salary Reduction for 3 Months Three […]
Industry
December 16, 2020
Wynn Las Vegas: Union Scheduling and Healthcare Request “Forces” Layoffs
Wynn Resorts said Monday that the Culinary Union’s request for 40-hour schedules and healthcare benefits “forces” the company to lay off employees. Layoffs Could Begin in Early 2021 On Monday, Wynn Resorts warned its Las Vegas employees of possible layoffs as early as January 11, following the Culinary and Bartenders Union’s request that full-time employees […]
Industry
December 15, 2020
Wynn CEO: Macau Operators Would Benefit From Functioning US-China Relations
Wynn Resorts CEO Matt Maddox told the AGA that improving the tense relations between the US and China could benefit Macau’s casino operators. Softening the US-China Relationship is Crucial The tense relationship between the United States and China could improve under the Biden administration, according to Matt Maddox, Wynn Resorts CEO. Better relations would benefit […]
Business
November 14, 2020
Wynn Macau To Not Renew Senior-Level Management Contracts Overseas
Wynn Macau Limited said it will not renew middle and senior-level contracts, as an attempt to manage the downfall of the Covid-19 pandemic. The Macau government said it wishes casino operators will start prioritizing native candidates. Native Candidates For Senior-Level Jobs Hong Kong-listed casino operator Wynn Macau Limited has announced that it will not be […]
Legal
November 13, 2020
Massachusetts Should Not Allow Online-Only Sportsbooks
Two of the three land-based casinos in Massachusetts expressed their view that lawmakers should not allow the sports betting market be flooded by online-only sportsbook operators, ahead of the legalization of the gambling activity in the state. Casinos Should Hold the Key to Market Entry Plainridge Park Casino and Encore Boston Harbor pointed out that […]
Casino
November 9, 2020
Wynn: Curfew Will Cost Between 670 and 1,000 Jobs at Encore
Between 670 and 1,000 full-time employees of Encore Boston Harbor in Everett may be placed on furloughs due to the recent curfew hour imposed on casinos in the state, Wynn Resorts CEO Matt Maddox told investors during the company’s third quarter earning conference call. Curfew Will Force Furloughs Massachusetts Gov. Charlie Baker, worried by the […]
Business
November 7, 2020
Wynn Resorts Absorbes BetBull into $80M Wynn Interactive
Wynn Resorts and UK social sports betting operator BetBull expanded on their partnership by creating an $80 million joint venture company, as the casino operator is looking to diversify its portfolio of online gaming. As part of the deal, Wynn has also acquired the BetBull business for an undisclosed price. Wynn Acquires BetBull Wynn Resorts […]
Business
November 6, 2020
Wynn Resorts Reports $758.1 Million Loss in Q3, Focuses On iGaming Venture
On November 5, Wynn Resorts reported a net loss of $758.1 million in Q3, a 53.3% decline year-on-year. Despite huge falls in revenue at its two Macau resorts, positive trends have been emerging on the local market. Positive Trends Emerge in Macau High-end hotel and casino developer Wynn Resorts reported yesterday a $758.1 million loss […]
Sports
October 31, 2020
WynnBET Plans Ahead in Virginia’s Betting Market with NASCAR
NASCAR has found a new partner with WynnBET signing up a milestone partnership in Virginia and planning to launch dedicated betting lounges at Richmond Raceway and Martinsville Speedway. WynnBET Enters NASCAR Partnership for Virginia Wynn Resorts has taken its offer to the next level signing a multi-faceted partnership with NASCAR in Virginia and vowing to […]