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Casino
May 20, 2025
Wynn Resorts Sued by Utah Family of 3-Year-Old Who Nearly Drowned in Pool
An accident dating back to 2023 has come back to haunt Wynn Resorts. Several years back, a family from Utah was visiting Wynn Las Vegas when the family’s youngest child, then three, almost ended up drowning in the resort’s swimming pool. The family of Wyatt Stanley, represented by Joseph III, Kelseigh, Joseph IV, and Jane, […]
Casino
May 19, 2025
Wynn Resorts Drops from the Downstate New York Casino License Race
Wynn Resorts has taken a step back, deciding to give up on its plans for a New York casino. The casino and hospitality giant will therefore drop from the race for one of the three downstate New York gaming licenses. Wynn’s Project Had Recently Secured a Major Approval A few weeks ago, Wynn Resorts secured […]
Casino
May 15, 2025
Capital World Investors Increases Its Ownership in Wynn Resorts
Capital World Investors based in Los Angeles, has increased its investment in Wynn Resorts, following a sharp rise in the casino company’s stock price. A recent SEC filing shows that the investment firm now owns 5.54 million shares, which equals a 5.2% stake in the company. Wynn Resorts Gains Momentum with Capital World Stake Hike […]
Casino
May 13, 2025
Wynn’s Unused Las Vegas Property Might Fetch $1B
A top casino industry expert thinks Wynn Resorts has a chance to boost its value by selling a key plot on the Las Vegas Strip. While the company has not said it plans to sell the land, a new report hints that its 38-acre empty lot could bring in offers close to $1 billion. Analyst […]
Casino
May 8, 2025
Fertitta Maintains Passive Role in Wynn Despite Largest Shareholding
Tilman Fertitta, the billionaire businessman and US Ambassador to Italy, has made it clear that his position as a Wynn Resorts shareholder remains hands-off, at least for the time being. He shared this during a recent Nevada Gaming Control Board (NGCB) meeting where the main attention was on licensing matters for his ex-wife, Paige Fertitta. […]
Industry
April 28, 2025
Macau May Cut Ties with US Concessionaires if US-China Relation Worsens
Fitch Ratings predicts possible headwinds for the three US-based Macau concessionaires due to the economic shifts. In an unlikely but possible worst-case scenario, Macau might decide to end its relationship with the three companies, Fitch experts suggested. Fitch Emphasized That the Worst-Case Scenario is Still Unlikely The three US-based Macau concessionaires include Las Vegas Sands, […]
Industry
April 10, 2025
Hudson Yards West Project Advances with Important Approval
Wynn Resorts and Related Companies’ bid for a hotel and casino resort in New York picked up significant speed after important approval. Earlier this week, Hudson Yards West, the project proposed by the two companies, received approval from the City Planning Commission (CPC), marking an important step in the ongoing process. The Development Is Expected […]
Business
April 10, 2025
Fertitta Doubles Down on Wynn Stake Amid New Trump Tariffs
In a move that now looks timed to perfection, billionaire Tilman Fertitta has quietly doubled down on his investment in Wynn Resorts (NASDAQ: WYNN), strengthening his position as the largest individual shareholder of the company. Ferttita Now Owns 13% of Wynn Resorts According to recent filings with the Securities and Exchange Commission (SEC), Fertitta, who […]
Casino
April 2, 2025
Wynn to Most Likely Go Unchallenged in the UAE in Foreseeable Future
Wynn Resorts has called dibs on the commercial development of casinos in the United Arab Emirates, owing to its license to run such a property issued by the newly founded regulator, the General Commercial Gaming Regulatory Authority (GCGRA). Wynn Resorts Likely to Enjoy Strong Lead in UAE Casino Market With MGM Resorts International looking to […]
Business
March 26, 2025
Tilman Fertitta Boosts Wynn Shareholding to Over 10%
Billionaire Tilman Fertitta has further increased his stake in Wynn Resorts, consistent with an earlier announcement. In February, Wynn confirmed that Fertitta intends to bolster his shareholding by May 13. Fertitta Can Play a Role in Wynn’s Decision-Making On Tuesday, Fertitta acted on his plan, purchasing the extra shares he was interested in. According to […]