Casino
September 16, 2022
Related Companies to Build a Casino With Wynn Resorts in Hudson Yards
Related Companies, a real estate giant, has announced that it will be pursuing a casino license in a joint venture with Wynn Resorts. The casino license that both parties want to gain will be for a casino on the western half of the Hudson Yards. Developing the Western Point of the Yards Is a Priority […]
Casino
September 13, 2022
Wynn Macau Submits License Re-tendering Bid
Wynn Macau, Wynn Resorts’ Chinese arm, announced that it has submitted its application for a new gaming concession. This makes the company the first among the six concessionaires to confirm joining the concession race. Wynn Macau Submits Concession Bid Wynn Macau’s submitted its tender for a new 10-year concession under the name Wynn Resorts (Macau). […]
Casino
August 10, 2022
Wynn Resorts’ US Operations Soar, Macau Dips in Q2, 2022
The leading luxury resorts and casino company, Wynn Resorts, released its financial results for the three months ended June 30, 2022. Wynn Unveils Financial Results for Second Quarter Overall, the company reported operating revenue of $908.8 million in Q2, 2022. This marked a decrease of $81.3 million or 8.2% when compared to the $990.1 million […]
Casino
August 8, 2022
Wynn Senior Moving from Macau to UAE For Upcoming Integrated Resort
After an eight-year grind of climbing up the corporate ladder in Wynn’s subsidiary in Macau, Derek Sands will be taking on the role of executive vice president for the upcoming integrated resort in Ras Al Khaimah. Experienced Asia Market President Already Moved to UAE Derek Sands has filled one of the first positions for Wynn […]
Industry
July 5, 2022
Wynn’s $2B UAE Casino Resort Offers ‘Brand Extension’
A $2 billion integrated casino resort in the United Arab Emirates (UAE) is one of the key priorities for Wynn Resorts as the company seeks to extend its brand worldwide according to Wynn Resorts CEO Craig Billings. Billings, who is now over six months into the position of chief executive officer at the casino resort […]
Industry
June 15, 2022
Wynn Resorts Provides Wynn Macau with a $500M Loan
Wynn Resorts has vowed to continue investing in Macau despite the hurdles the region is facing. To prove this, the gambling giant loaned $500 million to its Wynn Macau arm, helping it recover from COVID-19. Wynn Resorts Lent $500M to Wynn Macau Wynn Macau will use the money to bolster its business and mitigate the […]
Legal
May 26, 2022
SJC Orders Superior Court to Revisit the Everett Case
FBT Everett Realty has been trying to sue the Massachusetts gambling regulator for several years. The local Supreme Judicial Court has now intervened, ordering a lower court to reexamine the situation. FBT Everett Claims the Regulator Unjustly Decreased the Price The situation began in 2016 when FBT Everett agreed to sell some land to Wynn […]
Industry
May 23, 2022
Wynn Resorts Executives Exchange Salary for Shares
Several members of Wynn Resorts’ leadership team have opted to get a reduced salary in exchange for shares in the company. This is yet another effort to boost Wynn’s damaged stock. Executives Pick Shares Over Cash The most notable executive to reduce his salary was none other than Craig Billings, Wynn Resorts’ chief executive officer. […]
Industry
May 17, 2022
Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts
David Tepper, the owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management, his personal hedge fund. The NFL franchise owner invested in two gambling companies, namely Las Vegas Sands and Wynn Resorts. Appaloosa Expects the Share Prices to Go Up Tepper’s investments in Sands and Wynn Resorts were the only new equity […]
Casino
May 11, 2022
Wynn Macau Ltd Feels the Heat of Lockdowns and Missing VIPs
Wynn Macau Ltd will have to face the facts, and the facts are that the long-term revenue has been impacted by the spate of regulatory changes introduced in the special administrative region. While the company has been more than happy to comply with all existing regulatory prerequisites, the return to profitability will be a somewhat […]
