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Wednesday August 12, 2020 11:50AM

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By Fiona Simmons

Business

Wynn Resorts Tests 98% of Employees for COVID-19, 300 Infected

Wynn Resorts has been testing staff members at a rate of 500-600 people tested per week to determine if members of the staff have been infected. So far, 300 people have tested positive for the novel coronavirus with nearly the whole work force undergoing a test. Wynn Tests Staff Members for Novel Coronavirus Infection Wynn […]

By Fiona Simmons

Business

FanDuel Signs Strategic Partnership Deal with The Ringer

Daily fantasy and sports book provider FanDuel announced Thursday it entered into a strategic partnership with The Ringer. The multifaceted deal with the sports and culture website that has been recently acquired by Spotify will be focused around sports betting. The Ringer’s Exclusive Fantasy and Sports Book Under the terms of the deal, FanDuel has […]

By Jerome García

Business

Estimated 90% of Endurance Sports in Could Go Bankrupt Due to COVID-19

An estimated 90% of all endurance sports businesses in the United States are threatened by bankruptcy, putting a $3 billion+ industry at risk. Endurance Sports Threatened by Pandemic with 500 Jobs on the Line The coronavirus outbreak may be endurance sports own Achilles heel with 80% of all endurance event operators in the United States […]

By Fiona Simmons

Business

Massachusetts Betting Amendment Proposes 30% Tax on Online Wagering

Massachusetts lawmakers have voted amendments on House Bill 4879 to expand the scope of online lotteries in the state and increase sports betting tax to 30%. Amendments Passed for HB 4879 in Massachusetts Massachusetts lawmakers have amended a sports betting bill introduced last week to now allow online lotteries to operate legally in the state. […]

By Jerome García

Casino

Caesars Approves Pay Raises for Executives Amid Pandemic

Following the merger of Eldorado and Caesars, Caesars approved pay raises for five executive employees. Caesars’s Board of Directors Approved Managerial Salary Raises Following the merger by Eldorado and Caesars, Caesars has set a plan for pay raises for the company’s management. Earlier this week a Compensation Committee meeting approved that five of the company’s […]

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