The novel coronavirus (COVID-19) pandemic has brought the majority of casino operations to a halt in the United States, putting unprecedented pressure on business. However, Wynn Resorts has decided to keep on paying its 15,000 employees through May 15. The company is spending $3.5 million a day to meet this pledge. Wynn Resorts Continues to […]
Macao’s VIP business suffers the consequences of the US – China trade war The Las Vegas Sands Corporation, MGM Resorts International and Wynn Resorts Ltd. all report on slumps in VIP business revenue Business analysts remain optimistic for the long-term future Business reports from Macao display a market-wide revenue decrease of 13.4% year-on-year for the […]
Wynn Resorts is suffering due to the allegations against Steve Wynn and board members. While the board members and executive staff were not a party to any sexual harassment, the lawsuits contend some of them knew what was happening and failed to act. The dip in stock prices for Wynn Resorts has made it a […]
An employee for Philippine Amusement and Gaming Corporation filed a lawsuit against Wynn Macau. The employee was an executive for PAGCOR. The lawsuit stated Wynn Macau violated privacy law by disclosing personal information. Wednesday, March 14, 2018, the Macau Special Administrative Region Court of First Appeal made a ruling on the lawsuit. The court ruled […]
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 […]
