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Casino
October 9, 2024
Wynn Pumps Up Its Budget for Wynn Al Marjan Island
Casino and hospitality giant Wynn Resorts has opted to increase its investment in Wynn Al Marjan Island, its upcoming property in the United Arab Emirates. This announcement comes shortly after the company secured the first commercial gaming license in the region. The Company Just Secured The First Local License Wynn Al Marjan Island is set […]
Industry
October 7, 2024
UAE Awards First Commercial Gaming License to Wynn Resorts
In 2023, Wynn Resorts, the leading gaming, hospitality and entertainment operator, began the construction of its ambitious project in the United Arab Emirates (UAE), Wynn Al Marjan. Now, the company reached a major milestone after securing the first commercial gaming license in the jurisdiction. Wynn Received the License After Extensive Review The license was awarded […]
Industry
September 27, 2024
NY Gambling Regulator Alarmed by Wynn, Resorts World Allegations
There is much anticipation regarding the three new downstate casino licenses New York is expected to award. Not unexpectedly, this will be a lengthy process, considering that the New York State Gaming Facility Location Board is expected to start accepting applications toward the end of June next year. NYSGC, Concerned with Two Potential Casino License […]
Legal
September 19, 2024
Wynn Resorts Reaches $70M Settlement in Investor Class Action
A class action lawsuit against Wynn Resorts and several of its former executives recently reached an important milestone. The legal claim against the company and some of its executives stemmed from sexual misconduct allegations that were allegedly concealed, misleading shareholders between 2016 and 2018. Class Action Lawsuit Finally Reaches Settlement After More than Six Years […]
Business
September 13, 2024
Wynn Stock Deserves More Credit for UAE and Macau, Suggests Analyst
Amid fears about China’s weak economic outlook, some investors were quick to dismiss Macau and Chinese stocks such as Wynn Macau. The stocks of the company’s parent, Wynn Resorts, have also seen a decrease on a year-to-date basis. Stifel Analyst, Optimistic About Wynn Resorts’ Stocks Still, an expert analyst remained optimistic about Wynn Resorts, especially […]
Business
September 11, 2024
Wynn Issues $800M Debt to Redeem Bonds, Pay DOJ Settlement
Last week, the leading gaming and hospitality operator, Wynn Resorts, announced that it has reached a settlement with the US Department of Justice (DOJ). Under the settlement, the company’s subsidiary, Wynn Las Vegas, agreed to forfeit a record $130 million to settle alleged financial offenses. Now, Wynn announced the pricing of $800 million in senior […]
Legal
September 9, 2024
Wynn Las Vegas Forfeits $130M to Settle Financial Offenses Allegations
The US Department of Justice (DOJ) announced that Wynn Las Vegas, Wynn Resorts’ Vegas-based subsidiary, has agreed to pay over $130 million to settle claims that it worked with unlicensed money transfer companies. According to the DOJ, this is the largest such forfeiture by a casino company yet. The Company Allegedly Conspired with Illegal Businesses […]
Casino
August 29, 2024
Incredibly Fortunate Players in Las Vegas Win Hefty Jackpots
Two lucky players in Las Vegas recently won $1 million each after visiting the same casino resort. The fortunate winners played at Wynn Las Vegas during the weekend and won a million dollars each in 24 hours. The first jackpot dropped on Saturday, August 24. At the time, a lucky player was enjoying the popular […]
Business
August 21, 2024
Wynn Appoints Max Tappeiner as Wynn Al Marjan President
Wynn Resorts has designated Max Tappeiner as the president of its Wynn Al Marjan Island property. Tappeiner, who is set to step into the office on September 1, 2024, will stand at the helm of the new resort, overseeing the company’s foray into the United Arab Emirates. Tappeiner Replaces Schoen In his new position, Tappeiner […]
Business
August 7, 2024
Wynn Resorts Records Record Quarter While Unveiling Global Expansion Plans
Wynn Resorts has plans to grow worldwide while enjoying a record quarter. The company saw its best second-quarter EBITDA ever reaching $572 million. This success came from strong results at its sites in Las Vegas, Boston, and Macau. Wynn Resorts Unveils Expansion Plans for Thailand and UAE While Thriving in Las Vegas Wynn Resorts wants […]
