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Business
July 31, 2024
WynnBet Exits New York, Downstate Casino Hopes Remain
WynnBet, one of the pioneers in the New York online sports betting market, will no longer be taking bets, heralding the coming of ESPN Bet to the Empire State. Wynn Is Winding Down Its Online Presence The Wynn-owned sportsbook stopped taking bets on Monday, putting an end to over two years of operation. New York […]
Casino
July 23, 2024
Politicians and Charities Oppose Wynn’s NY Casino Plans
Las Vegas Sands isn’t the only company to face difficulties in relation to its New York casino plans. Politicians representing the West Side of Manhattan have now also opposed Related Cos.’s plans to construct a Wynn-branded casino hotel in the High Line area. The Property Would Add Gaming to the High Line The planned property […]
Casino
July 17, 2024
Encore Las Vegas Gambler Scoops Up $2M Playing Buffalo Power Pay
A lucky gambler in Las Vegas has struck gold, winning a jackpot of almost $2 million dollar. The guest was visiting Wynn Resorts’ Encore Las Vegas on the famed Las Vegas Strip and playing a slot by Aristocrat Gaming. According to an official release from Wynn Resorts, the guest was firing up the reels of […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 20, 2024
Wynn Resorts’ Vegas Expansion Project Is Still Alive
A crucial decision by the Clark County Zoning Commission should significantly benefit Wynn Resorts’ Las Vegas ambitions. The Commission voted on Tuesday to extend the previously approved development plans for a new resort tower on the Strip, keeping the operator’s vision for a third tower alive amidst evolving regulations and competitive pressures. The Third Tower […]
Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
May 24, 2024
Fitch Predicts Growth for Ras Al Khaimah with Wynn’s UAE Resort
Earlier this month, Wynn Resorts, the leading casino and hospitality operator, released new concept art of its much-anticipated luxury resorts in Ras Al Khaimah, United Arab Emirates (UAE), Wynn Al Marjan Island. The massive project is the result of collaboration between the company and local partners, RAK Hospitality Holding and Al Marjan Island. The upcoming […]
Legal
May 10, 2024
Judge Rules against Wynn’s Injunction Plea in Fontainebleau Lawsuit
A few months have passed since Wynn Las Vegas filed a lawsuit against Fontainebleau Las Vegas. In its lawsuit, Wynn alleged that its competitor poached senior-level employees by offering them incentives, including higher pay and asking them to leave their positions, effectively breaching their non-compete clauses. Last month, Wynn filed a preliminary injunction plea, asking […]
Industry
May 8, 2024
Wynn Releases New Concept Art of Its New Al Marjan Island Resort
Leading casino operator Wynn Resorts has unveiled new images of its highly anticipated luxury resort, Wynn Al Marjan Island, currently under construction in Ras Al Khaimah, United Arab Emirates. Set to be the company’s first beachfront resort, Wynn Al Marjan Island is poised to become a landmark destination in the Middle East North Africa (MENA) […]