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Business
June 19, 2024
Wynn Aims at Leading Cash Flow Margin amid Funding for UAE Project
Currently under development, Wynn Al Marjan Island, a new luxury resort located in Ras Al Khaimah, United Arab Emirates (UAE), represents an investment of $4 billion. Wynn Resorts’ share in that investment is approximately $900 million. A newly released report acknowledged the importance of the project for the leading gaming and entertainment company, pointing to […]
Business
June 7, 2024
CBRE Experts Bullish on Wynn Resorts’ Al Marjan Island Project
Wynn Al Marjan Island, Wynn Resorts’ much-anticipated luxury resort in Ras Al Khaimah, United Arab Emirates (UAE) is currently under development. The resort represents an investment close to $4 billion with Wynn’s share being around $900 million. The new luxury resort is expected to bring economic stimulus to the region while granting Wynn unique growth […]
Business
May 24, 2024
Fitch Predicts Growth for Ras Al Khaimah with Wynn’s UAE Resort
Earlier this month, Wynn Resorts, the leading casino and hospitality operator, released new concept art of its much-anticipated luxury resorts in Ras Al Khaimah, United Arab Emirates (UAE), Wynn Al Marjan Island. The massive project is the result of collaboration between the company and local partners, RAK Hospitality Holding and Al Marjan Island. The upcoming […]
Legal
May 10, 2024
Judge Rules against Wynn’s Injunction Plea in Fontainebleau Lawsuit
A few months have passed since Wynn Las Vegas filed a lawsuit against Fontainebleau Las Vegas. In its lawsuit, Wynn alleged that its competitor poached senior-level employees by offering them incentives, including higher pay and asking them to leave their positions, effectively breaching their non-compete clauses. Last month, Wynn filed a preliminary injunction plea, asking […]
Industry
May 8, 2024
Wynn Releases New Concept Art of Its New Al Marjan Island Resort
Leading casino operator Wynn Resorts has unveiled new images of its highly anticipated luxury resort, Wynn Al Marjan Island, currently under construction in Ras Al Khaimah, United Arab Emirates. Set to be the company’s first beachfront resort, Wynn Al Marjan Island is poised to become a landmark destination in the Middle East North Africa (MENA) […]
Legal
April 23, 2024
Fontainebleau Objects to Wynn’s Injunction Plea in Poaching Lawsuit
The legal battle between two leading gaming operators in Las Vegas, Fontainebleau Las Vegas and Wynn Las Vegas (WLV), started late in February. At the time, Wynn filed a lawsuit, claiming that Fontainebleau poached its senior-level employees, offering them different employment incentives and encouraging them to leave their positions with the company. In the latest […]
Industry
April 12, 2024
Wynn’s Hudson Yards Office-Casino Proposal Faces Community Board Opposition
In September 2022, Wynn Resorts and Related Companies joined forces in an effort to pursue a casino license in New York. The duo selected Western Yards at Hudson Yards for the site of the ambitious project. New York is expected to award a total of three new downstate casino licenses so the interest in the […]
Casino
April 9, 2024
Wynn Resorts Escalates Legal Battle Against Fontainebleau
Wynn Las Vegas has taken legal action against Fontainebleau, requesting a Clark County District Court judge to intervene and halt what they claim is the ongoing poaching of their executives by the rival resort. Wynn’s Legal Filing Claims Fontainebleau Tempts Executives with Salary Boosts In a recent court filing, Wynn attorneys outlined allegations that Fontainebleau […]
Industry
March 25, 2024
Wynn Resorts’ Lawsuit against Fontainebleau Intensifies
Despite the existing non-compete clauses, effectively restricting employees from one gambling operator to engage in employment with another, competition in the sector is fierce. Such policies affect a number of important employees and breaches may result in legal action. A few years ago, Wynn filed a lawsuit after losing a high-ranking employee to Fontainebleau. While […]
Casino
March 15, 2024
Wynn Resorts Discloses Further Details on $12bn Casino Plan
The Nevada-based, publicly traded corporation that develops and operates high-end hotels and casinos, Wynn Resorts, has offered additional details of its bold plans for a $12 billion skyscraper casino resort in New York City. Wynn Resorts has recently released the renderings of the upcoming complex that will be located at Hudson Yards. 5.6-Acre Recreational Area […]
