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Legal
April 23, 2024
Fontainebleau Objects to Wynn’s Injunction Plea in Poaching Lawsuit
The legal battle between two leading gaming operators in Las Vegas, Fontainebleau Las Vegas and Wynn Las Vegas (WLV), started late in February. At the time, Wynn filed a lawsuit, claiming that Fontainebleau poached its senior-level employees, offering them different employment incentives and encouraging them to leave their positions with the company. In the latest […]
Industry
April 12, 2024
Wynn’s Hudson Yards Office-Casino Proposal Faces Community Board Opposition
In September 2022, Wynn Resorts and Related Companies joined forces in an effort to pursue a casino license in New York. The duo selected Western Yards at Hudson Yards for the site of the ambitious project. New York is expected to award a total of three new downstate casino licenses so the interest in the […]
Legal
March 4, 2024
Fontainebleau Faces Wynn Lawsuit over Alleged Employee Poaching
Rivalry within the gambling industry is fierce, which is one of the main reasons why many leading gambling operators include non-compete clauses in their contracts with senior-level employees. A non-compete clause effectively restricts the employee from being employed with a rival company. Such clauses can be applicable for different durations with one year being a […]
Industry
February 14, 2024
PENN Secures New York Sports Betting Licenses in Deal with Wynn Interactive
Penn Entertainment has set its sights on the lucrative New York market with a recent strategic move. The company announced a significant agreement with Wynn Interactive Holdings, marking a pivotal step towards acquiring mobile sports wagering licenses for New York market access. PENN’s $25 Million Deal Secures Key Licenses for ESPN BET Launch in New […]
Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Business
January 31, 2024
WynnBET Plans to Exit Massachusetts, MGC Says
WynnBET, the online gambling venture of Wynn Resorts, seems to be preparing to exit Massachusetts’ gambling market, a recent announcement by the Massachusetts Gaming Commission (MGC) suggests. As the MGC prepares for tomorrow’s meeting, the authority published its agenda for the event. The second entry under the Legal and Sports Wagering Division section reads that […]
Business
December 25, 2023
Tilman Fertitta Confident in DraftKings, Wynn’s Prospects for 2024
In a recent interview with CNBC’s Brian Sullivan, Tilman Fertitta argued that Golden Nugget is not the only equity that is most likely going to benefit from the momentum in the gaming industry in 2024. He also sees Wynn Resorts and DraftKings as sector companies in a very strong position, not least because of his […]
Poker
December 21, 2023
Calvin Anderson Wins WPT Prime Championship, Takes Home $1.4M
Calvin Anderson, the Las Vegas-based professional poker player, emerged as the winner of the 2023 World Poker Tour (WPT) Prime Championship. The prestigious event took place at Wynn Las Vegas and saw a staggering 10,512 entries that helped generate a prize pool of $10,196,640. This year’s Prime Championship enjoyed much more interest when compared to […]
Casino
December 18, 2023
Wynn Resort Sued by Family of Woman Who Collapsed at Slot and Died
The Wynn Las Vegas patron’s family is now stepping in to demand what they insist is justice. In their allegations, the family of Billie Sakkab, 74, insists that there was a lack of proper intervention on behalf of the casino. A lawsuit has been filed with the Clark County District Court, with the family represented […]
Casino
November 10, 2023
Wynn Resorts Reports Strong Q3 2023 Financials Amid UAE Expansion Plans
Wynn Resorts, a leading global hospitality and entertainment company, announced stellar financial results for the third quarter ended September 30, 2023. CEO Craig Billings Applauds Wynn Resorts’ Q3 Success and Diverse Portfolio Strength The company reported operating revenues of $1.67 billion, marking a significant increase of $782.2 million compared to the same period in 2022. […]
