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Business
March 13, 2024
Entain Strengthens Board with Former Wynn Resorts President
Entain, the global sports betting and gaming conglomerate, has appointed Ronald J. Kramer, former president of Wynn Resorts, to its board of directors as an Independent non-executive director. Kramer’s extensive experience in the gaming industry, coupled with his corporate finance background, is expected to fortify Entain’s position in the US market. Kramer’s Arrival and Share […]
Industry
March 12, 2024
Wynn Resorts CEO Joins Online Gambling Expansion Debate
Over the last decade, online gambling has been expanding across the globe. In the last five years alone, pushed by the pandemic in early 2020, iGaming activities surged in a number of markets. The temporary closures of brick-and-mortar casinos led many gamblers to the online space. And while some returned, others chose the comfort of […]
Legal
March 4, 2024
Fontainebleau Faces Wynn Lawsuit over Alleged Employee Poaching
Rivalry within the gambling industry is fierce, which is one of the main reasons why many leading gambling operators include non-compete clauses in their contracts with senior-level employees. A non-compete clause effectively restricts the employee from being employed with a rival company. Such clauses can be applicable for different durations with one year being a […]
Business
February 19, 2024
Wynn Resorts Executives Sell $3M in Company Stock
Recently, several DraftKings executives sold nearly $80 million worth of company shares. This was evident from Form 144 filings released by the company, confirming that executives dumped some $78.8 million in company shares between January 22, 2024, and February 8, 2024. The list of DraftKings executives who sold part of the company’s shares includes Jason […]
Industry
February 14, 2024
PENN Secures New York Sports Betting Licenses in Deal with Wynn Interactive
Penn Entertainment has set its sights on the lucrative New York market with a recent strategic move. The company announced a significant agreement with Wynn Interactive Holdings, marking a pivotal step towards acquiring mobile sports wagering licenses for New York market access. PENN’s $25 Million Deal Secures Key Licenses for ESPN BET Launch in New […]
Industry
February 12, 2024
Wynn Plans to Start Hotel Tower Construction for Al Marjan Project
The development of the hotel tower of Wynn Al Marjan Island, Wynn Resorts’ multi-billion-dollar hospitality and entertainment resort, is expected to commence soon. The ambitious project, located on the Al Marjan Island in the United Arab Emirates (UAE), represents a $4 billion investment. Previously, Wynn Resorts spoke about the project, explaining its plans to build […]
Casino
February 12, 2024
Wynn Resorts Increases Las Vegas Resort Fees for Guests
In a move that will affect the wallets of travelers, Wynn Resorts has announced an increase in resort fees for its Las Vegas properties. Wynn Resorts Raises Las Vegas Resort Fees from $45 to $50 Effective January 24, 2024, the daily resort fee has been raised to $50 plus tax for reservations made on or […]
Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Business
January 31, 2024
WynnBET Plans to Exit Massachusetts, MGC Says
WynnBET, the online gambling venture of Wynn Resorts, seems to be preparing to exit Massachusetts’ gambling market, a recent announcement by the Massachusetts Gaming Commission (MGC) suggests. As the MGC prepares for tomorrow’s meeting, the authority published its agenda for the event. The second entry under the Legal and Sports Wagering Division section reads that […]
Business
January 31, 2024
Fitch Bumps Wynn Resorts to BB- with Stable Outlook
Wynn Resorts, the global hospitality, entertainment and gaming company, secured a first-time BB- rating from Fitch Ratings, the leading provider of credit ratings, commentary and research for global capital markets. Announcement about the rating and the stable outlook, applicable for the gaming company along with its related companies, came Tuesday. Per the leading credit research […]
