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Casino
April 9, 2024
Wynn Resorts Escalates Legal Battle Against Fontainebleau
Wynn Las Vegas has taken legal action against Fontainebleau, requesting a Clark County District Court judge to intervene and halt what they claim is the ongoing poaching of their executives by the rival resort. Wynn’s Legal Filing Claims Fontainebleau Tempts Executives with Salary Boosts In a recent court filing, Wynn attorneys outlined allegations that Fontainebleau […]
Industry
March 25, 2024
Wynn Resorts’ Lawsuit against Fontainebleau Intensifies
Despite the existing non-compete clauses, effectively restricting employees from one gambling operator to engage in employment with another, competition in the sector is fierce. Such policies affect a number of important employees and breaches may result in legal action. A few years ago, Wynn filed a lawsuit after losing a high-ranking employee to Fontainebleau. While […]
Casino
March 15, 2024
Wynn Resorts Discloses Further Details on $12bn Casino Plan
The Nevada-based, publicly traded corporation that develops and operates high-end hotels and casinos, Wynn Resorts, has offered additional details of its bold plans for a $12 billion skyscraper casino resort in New York City. Wynn Resorts has recently released the renderings of the upcoming complex that will be located at Hudson Yards. 5.6-Acre Recreational Area […]
Business
March 13, 2024
Entain Strengthens Board with Former Wynn Resorts President
Entain, the global sports betting and gaming conglomerate, has appointed Ronald J. Kramer, former president of Wynn Resorts, to its board of directors as an Independent non-executive director. Kramer’s extensive experience in the gaming industry, coupled with his corporate finance background, is expected to fortify Entain’s position in the US market. Kramer’s Arrival and Share […]
Industry
March 12, 2024
Wynn Resorts CEO Joins Online Gambling Expansion Debate
Over the last decade, online gambling has been expanding across the globe. In the last five years alone, pushed by the pandemic in early 2020, iGaming activities surged in a number of markets. The temporary closures of brick-and-mortar casinos led many gamblers to the online space. And while some returned, others chose the comfort of […]
Business
February 19, 2024
Wynn Resorts Executives Sell $3M in Company Stock
Recently, several DraftKings executives sold nearly $80 million worth of company shares. This was evident from Form 144 filings released by the company, confirming that executives dumped some $78.8 million in company shares between January 22, 2024, and February 8, 2024. The list of DraftKings executives who sold part of the company’s shares includes Jason […]
Industry
February 12, 2024
Wynn Plans to Start Hotel Tower Construction for Al Marjan Project
The development of the hotel tower of Wynn Al Marjan Island, Wynn Resorts’ multi-billion-dollar hospitality and entertainment resort, is expected to commence soon. The ambitious project, located on the Al Marjan Island in the United Arab Emirates (UAE), represents a $4 billion investment. Previously, Wynn Resorts spoke about the project, explaining its plans to build […]
Casino
February 12, 2024
Wynn Resorts Increases Las Vegas Resort Fees for Guests
In a move that will affect the wallets of travelers, Wynn Resorts has announced an increase in resort fees for its Las Vegas properties. Wynn Resorts Raises Las Vegas Resort Fees from $45 to $50 Effective January 24, 2024, the daily resort fee has been raised to $50 plus tax for reservations made on or […]
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
January 31, 2024
Fitch Bumps Wynn Resorts to BB- with Stable Outlook
Wynn Resorts, the global hospitality, entertainment and gaming company, secured a first-time BB- rating from Fitch Ratings, the leading provider of credit ratings, commentary and research for global capital markets. Announcement about the rating and the stable outlook, applicable for the gaming company along with its related companies, came Tuesday. Per the leading credit research […]
