Industry
June 29, 2022
Wynn Macau Grants 19 Million New Shares to Employees
Following permission by the Hong Kong Stock Exchange that was granted on June 4, Wynn Macau Ltd, operator of the luxury casino resort Wynn Macau, has issued 75 million new shares. 19 million of them are ordinary shares that are going to go to employees of the company. New Shares Issue to Compensate Reduction in […]
Casino
June 17, 2022
Livespins Partners with WynnBET, Aims to Continue Expanding in the US
Livespins has once again shown that it means business when it comes to expanding in the US as it teams up with WynnBET. Thanks to this development, the brand will be able to stand out from the competition and provide players with a new and unique online casino experience. WynnBET Can Elevate Livespins to a […]
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 […]
Casino
June 8, 2022
Wynn Macau Management to Take Salary Cut for Shares
Macau is in a state of flux with lawmakers undertaking the most serious industry review to date. Because of that, companies have had to act preemptively and anticipate changes in regulation, altering their business models in some instances, and coming up with coping mechanisms in others. Wynn Macau Creates New Way of Remuneration From reducing […]
Poker
June 7, 2022
WPT, Wynn Las Vegas Team for Largest-Ever $15M GTD Poker Tour
The 20th season of the World Poker Tour is expected to mark the absolute highest amount of money in a guaranteed prize pool throughout the history of live poker with a $15 million guarantee. $15M Guaranteed Prize Pool Draws Attention The World Poker Tour (WPT) is one of the most recognizable names in internationally televised […]
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
Wynn and MGM China Found Jointly Liable in Nine VIP Room Cases
The Court of Final Appeal in Macau has decided that MGM China and Wynn Macau share liability in nine cases related to lost deposits at VIP rooms. The nine cases were recorded at Dore Entertainment Co LTD’s VIP room and the former VIP room belonging to Sun City Gaming Promotions Co LTD located at an […]
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 […]
