Business
December 14, 2022
WynnBET Scores Approval for Betting License in Massachusetts
Following PASPA’s revocation back in 2018, the statewide expansion of sports betting started. To date, more than 30 US states have legalized and introduced the activity, while in five states, the activity is legal but not operational. Massachusetts legalized sports betting back in August this year, but the launch date is not confirmed yet. Still, […]
Casino
December 12, 2022
Wynn Plans an Expansion of Everett Property
Wynn Resorts, one of the biggest gambling operators in the United States, is seeking to expand its Encore Boston Harbor casino in Everett. If everything goes according to plan, the expanded venue may include new poker and sports betting facilities. These plans are still subject to regulatory approval, though. Wynn to Expand Encore Boston Harbor […]
Casino
December 2, 2022
Wynn Resorts Ltd Finalizes Sale of Encore Boston Harbor
US casino giant Wynn Resorts Limited has completed the sale of its integrated resort in Massachusetts, Encore Boston Harbor. The news came early on Friday, and the move is part of the company’s plans to increase its war chest as it pivots towards new projects. The property was sold to Realty Income Corporation for $1.7 […]
Business
November 29, 2022
Wynn Macau Adjusting to Comply with New Gaming Laws
Considering this year’s changes that Macau made to its gaming laws concerning operators, Wynn Macau has had to make some adjustments in order to be compliant with the latest regulatory updates. Capital Restructuring at Wynn Macau The Wynn Resorts Macau (WRM) unit was subjected to a capital restructuring that answered the need for an increase […]
Legal
November 24, 2022
Steve Wynn Heads to Court to Fight RICO Case
Since his fall from grace in 2018, Steve Wynn has been attending courts often enough. In most cases, he has been able to settle or prove his innocence. Controversial as he may be, Wynn has denied wrongdoing on any of the charges he has been brought on, but the public scandal that his alleged sexual […]
Casino
November 11, 2022
Wynn Resorts, Ready to Open the First Casino in the Gulf Arab Region
US publicly traded corporation that develops and operates high-end casinos and hotels Wynn Resorts has used its Q3 earnings conference call to update its investors on its plans to build an integrated resort in the United Arab Emirates (UAE). According to the original plans announced at the beginning of the year, the man-made island of […]
Business
November 10, 2022
Wynn Resorts Released 3Q22 Financial Results
The company is showing great US results and losses from its Macau operations yet again, but the general sentiment is still positive. Q3 Results Tell Familiar Story Wynn Resorts recently held an earnings call and the company’s financial results for the third quarter are out. Operating revenue was $889.7 million, which was down around 10% […]
Business
November 1, 2022
Tilman Fertitta Becomes One of Largest Wynn Shareholders
The legendary Tilman Fertitta has been looking to get even more active on the Strip, and his latest moves all seem to come up wins for him. His latest involvement in Wynn might spell good news for both sides. Second-largest Shareholder A Securities and Exchanges Commission (SEC) filing from Monday indicated that the billionaire Tilman […]
Legal
October 13, 2022
Judge Clears Up Allegations against Steve Wynn
On Wednesday, the casino tycoon Stephen A. “Steve” Wynn won his battle against the U.S. Department of Justice when a federal judge in Washington DC ruled that Wynn could not be required to register as a foreign agent. DOJ Sought to Force Wynn to Register under FARA In May, the Department of Justice filed a […]
Legal
September 21, 2022
Massage Therapist Files New Lawsuit Against Wynn Resorts
A massage therapist working at Wynn Resorts keeps haunting the company with yet another lawsuit alleging sexual misconduct. Brenna Schrader filed a new lawsuit on September 1, while she is also a plaintiff in an ongoing class action against former Wynn Resorts CEO Steve Wynn and Wynn Resorts, which was filed back in 2019. New […]