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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
September 6, 2024
Wynn Al Marjan Island Gathers Steam as New Signs of Confidence Emerge
Now, JPMorgan analyst Joseph Greff has suggested that while a casino has not been confirmed just yet, and the project in Ras Al Khaimah is largely a hospitality development, this will change in the coming weeks or months. Wynn Set to Host Investor Day Possibly Tied to Middle East Operations There are several reasons to […]
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 […]
Business
July 31, 2024
WynnBet Exits New York, Downstate Casino Hopes Remain
WynnBet, one of the pioneers in the New York online sports betting market, will no longer be taking bets, heralding the coming of ESPN Bet to the Empire State. Wynn Is Winding Down Its Online Presence The Wynn-owned sportsbook stopped taking bets on Monday, putting an end to over two years of operation. New York […]
Casino
July 23, 2024
Politicians and Charities Oppose Wynn’s NY Casino Plans
Las Vegas Sands isn’t the only company to face difficulties in relation to its New York casino plans. Politicians representing the West Side of Manhattan have now also opposed Related Cos.’s plans to construct a Wynn-branded casino hotel in the High Line area. The Property Would Add Gaming to the High Line The planned property […]
Casino
July 17, 2024
Encore Las Vegas Gambler Scoops Up $2M Playing Buffalo Power Pay
A lucky gambler in Las Vegas has struck gold, winning a jackpot of almost $2 million dollar. The guest was visiting Wynn Resorts’ Encore Las Vegas on the famed Las Vegas Strip and playing a slot by Aristocrat Gaming. According to an official release from Wynn Resorts, the guest was firing up the reels of […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
June 20, 2024
Wynn Resorts’ Vegas Expansion Project Is Still Alive
A crucial decision by the Clark County Zoning Commission should significantly benefit Wynn Resorts’ Las Vegas ambitions. The Commission voted on Tuesday to extend the previously approved development plans for a new resort tower on the Strip, keeping the operator’s vision for a third tower alive amidst evolving regulations and competitive pressures. The Third Tower […]
