Business
June 16, 2020
Wynn Las Vegas Strip Buffet Reopening This Thursday
Strip Buffet by Wynn Las Vegas reopens on Thursday, June 18. The Buffet will be operating under an all-you-can-eat concept. Caesars Entertainment also announced plans to reopen Paris Las Vegas on June 18. Strip Buffet by Wynn Reopening June 18 Wynn Las Vegas announced yesterday that the company is reopening its Strip Buffet on Thursday, […]
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 […]
Business
June 10, 2020
Encore At Wynn and Resorts World Las Vegas Apply for the Loop
Resorts World Las Vegas has joined Wynn Resorts in its attempt to secure a stop on the Loop, the new system of tunnels that starts from the Las Vegas Convention Center. The new casino resort that is scheduled to open doors in the summer of 2021 has submitted a plan to Clark County seeking approval. […]
Casino
May 28, 2020
Wynn and MGM Vow to Reopen Properties on June 4 in Nevada
With Nevada’s phased reopening plans pushing ahead, Wynn Resorts Ltd. and MGM Resorts confirmed on Wednesday that their Nevada properties will restart operation on June 4. Wynn and MGM Confirm Reopening Date for June 4 With the world reshaped completely by the COVID-19 outbreak, the gambling industry is preparing to go back to the new […]
Casino
May 15, 2020
Massachusetts Regulator Extends Closure, State Casinos to Re-Open Last
The Massachusetts Gaming Commission unanimously voted Wednesday to extend casino closures to the three state casinos, pushing a potential re-opening date to June 1, mainly following the guidance from St. Gov. Charlie Baker, but casino operators in Massachusetts may not be in a hurry to re-open for business. Gloomy Picture Ahead Representatives of the three […]
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 26, 2020
Gaming Regulator in Massachusetts Turns to Macau Experience for Re-Opening of Casinos
Massachusetts Gaming Commission started researching in detail what the process of re-opening the state casinos would require in terms of safety measures, based on the experience from casino-operating companies in Macau. Closure Period Not Over Yet Casinos in Massachusetts have been shut since St. Gov. Charlie Baker has issued his order March 15, to close […]
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 8, 2020
Wynn Spends $3.5M a Day to Keep Employees in COVID-19 Outbreak
The novel coronavirus (COVID-19) pandemic has brought the majority of casino operations to a halt in the United States, putting unprecedented pressure on business. However, Wynn Resorts has decided to keep on paying its 15,000 employees through May 15. The company is spending $3.5 million a day to meet this pledge. Wynn Resorts Continues to […]