Casino
June 30, 2020
Wynn Resorts’ Encore Boston to Furlough 3,000 Employees Prior to Reopening
Massachusetts-based Wynn Resorts’ Encore Boston Harbor is readying to restart operation 3,300 staffers shorter. The employees will be furloughed and reinstated on the job once demand picks up. Furloughed staffers are still considered employees of the company. Encore Boston Readies for Restart 3,000 Staffers Shorter Wynn Resorts’ Encore Boston Harbor has been one of the […]
Casino
June 12, 2020
Wynn Macau Proposes New Series of Senior Notes, Releases Q2 Preliminary Results
Wynn Resorts is considering issuing a series of senior notes, reveals an 8-K filing by the gaming and hospitality operator to the US Securities and Exchange Commission (SEC) Thursday. As per the information submitted, Wynn Macau is proposing to conduct an offering of the Notes to Professional Investors, with its completion subject to market conditions […]
Casino
May 11, 2020
LVS May be Considering the Acquisition of Wynn Resorts, Analysts Suggest
Las Vegas Sands (LVS) may be looking to acquire Wynn Resorts, an analysis by a boutique investment bank and advisory firm for the gaming industry suggests. Union Gaming LLC, in a note published Thursday overnight, cited Okada Manila in the Philippines, Australia-based Crown Resorts, and Wynn Resorts, all three as potential acquisition targets for the […]
Casino
May 7, 2020
Wynn Resorts Revenues Materially Impacted by Casino Closures
Wynn Resorts issued today its first quarter financial results, posting 42.3% drop in operating revenues, due to the closure of its properties, in February in Macau, and from mid-March in the USA. Revenue Impact Material First quarter revenue for the company fell to $953.7 million, from $1.65 billion for Q1 2019, nearly $700 million less, […]
Casino
April 23, 2020
Casinos in Nevada Remain Closed, Reopening Plan Announced
Casinos in Nevada will remain closed. The government has announced a plan for the reopening of businesses. The Stay at Home Oder is Active since March 17 Nevada’s Governor Steve Sisolak issued the stay-at-home order on March 17. The order effectively closed all non-essential businesses, including casinos. The stay at home order was then further […]
Business
April 3, 2020
All US Wynn Resort’s Employees to Receive Payment till May 15
Amid the ongoing COVID-19 pandemic in the US, while Nevada extends the stay-at-home order, Wynn Resorts is taking action to help the company’s employees. Growing COVID-19 Pandemic Keeps Casinos Closed till End of April Wednesday, 1st of April – Nevada Gov. Steve Sisolak announced the extending of the stay-at-home order through April. The order being […]
