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The Latest in Casino
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Massachusetts Will Continue Wynn Probe

The resignation of Steve Wynn resulted in the surge of the Wynn Resorts share price. Despite Wynn’s efforts to restore the company to the state, it was in prior to the sexual harassment allegations, the probe into the company’s eligibility in Massachusetts is still continuing. The company’s share price bounced back to $177.32 in the […]

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Casino

Steve Wynn Calls It a Day at the Wynn Resorts

Steve Wynn, the big boss or ex-boss at Wynn Resorts I should say, has handed in his resignation. The decision comes amid the sexual harassment charges that female employees of Wynn Resorts made against Wynn. Representatives of Wynn Resorts announced Wynn’s resignation from his CEO position earlier this week. The board of Wynn Resorts has […]

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Casino

Wynn Paternity Claim Part of Sexual Harassment Lawsuit

In 2005, Steve Wynn settled a sexual harassment lawsuit with $7.5 million. A new report from Bloomberg states the suit involved a paternity claim by the petitioner. The manicurist claimed a child she had or was carrying at the time was Wynn’s. Sources indicated Steve Wynn did not want the allegations to be an issue […]

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Casino

Legalized Gambling Comes to Hainan, China Despite Tight Wallets

The southern province of China, Hainan, is preparing for a wave that could take on the Macau region. The Chinese government is hard at work preparing a draft of legislation that could be the route that allows for gambling to be legal within Hainan. Bloomberg recently shared that the government is thinking of having online […]

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Casino

Kangwon Land Casino Will Close 2 Hours Earlier

Kangwon Land, the only legal casino in South Korea, will soon reduce its trading hours by 120 minutes as the casino plans to remain on good terms with its government. At the end of last year, the country’s Ministry of Culture, Sports, and Tourism demanded that the casino reduce its daily trading hours from 20 […]

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Casino

Wynn’s $7.5 Million Sexual Harassment Settlement

Steve Wynn has had a $7.5 million claim against him for sexual harassment. The topic was on everyone’s lips during the hearing in Massachusetts that was held by the gaming regulators to ascertain if Wynn would be eligible to run a casino in the state. The Massachusetts Gaming Commission (MGC) hosted the hearing on Wednesday, […]

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Casino

Stephen Hung Absconds the Macau Hotel Project

Stephen Hung, Hong Kong investment banker, has decided to not pursue his latest Macau hotel project. The project called The 13 is a luxury hotel. Hung handed in his resignation letter just last week from his role as joint chairman and executive director. The 13 Holdings told the Hong Kong exchange that Hung is not […]

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Casino

Wynn Resort Shares Take a Dive amid Sexual Allegations

Wynn Resorts boss Steve Wynn has felt a pinch to his bank account since the sexual harassment against the casino mogul emerged. The Wynn Resorts are down an additional 9.3% from Monday after a 10% dip last week Friday. The Wall Street Journal stated in an article last week that Wynn had been accused by […]

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Casino

Steve Wynn Accused of Sexual Harassment

Steve Wynn, CEO of Wynn Resorts, has decided to resign from the Republican National Committee as the financial chair. Ronna Romney-McDaniel, Republican National Committee (RNC ) chairperson said that she received Wynn’s resignation on Saturday. On Friday, the media reported that several female staff of Wynn accused him of sexual harassment which spanned for more […]

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Casino

US Sexual Harassment Claims Add Steve Wynn to the List

Several prominent celebrities have recently come under fire regarding sexual harassment claims. Last year Bill Cosby was at the top of the list, but for 2018 it is none other than the gaming mogul—Steve Wynn. Wynn denies the allegations that he sexually harassed a female staff member at his Wynn Resorts location. It is not […]