Casino
April 3, 2023
Deutsche Bank Upbeat about Wynn Prospects
Deutsche Bank analyst Carlo Santarelli has defied expectations for the casino resorts sector, posting an upbeat outlook for Wynn Resorts. According to Santarelli, Wynn’s shares will soar. Wynn Resorts Is Gathering Financial Momentum He bases this outlook on several main factors that are going to drive an upsurge in the company’s stock over the next […]
Casino
March 22, 2023
Wynn Resorts Designates ALEC as Wynn Marjan Contractor
Wynn Resorts has taken another step toward its goal to recreate the Las Vegas Strip in the United Arab Emirates. The global gambling operator has announced that the main contractor for the construction of the unprecedented Marjan Island property is ALEC Engineering and Contracting. The contractor, a part of the Investment Corporation of Dubai, was […]
Casino
March 6, 2023
Wynn Resorts Wants to Build “Las Vegas Strip” in the UAE
The Al-Marjan island which will be hosting the upcoming casino resort which may not be the only property in the vicinity, as Wynn seeks to evoke a Las Vegas vibe to the future venture. Wynn Resorts Confident in the Success of “Vegas Strip” in UAE According to company filings, Wynn Resorts has already registered “Arabian […]
Casino
February 10, 2023
Massachusetts Approves Encore Boston Harbor Expansion
Wynn Resorts – Encore’s operator – received MGC’s blessing to construct a new building right across the street from its current integrated casino. The new plans include a variety of fresh offers, including sports betting, thanks to Massachusetts legalizing it recently. Expansion Plans Get Green Light The MGC approved the expansion on Wednesday after a […]
Business
February 9, 2023
Wynn Resorts Posts Strong Performance and Results for Q4 22
On Wednesday, the company posted its preliminary 2022 results, showing that its operating revenues for the year ended December 31, 2022, hit $3.76 billion, marking a flat result when compared to the corresponding period a year ago. Adjusted property EBITDAR for 2022 hit $725.4 million, marking an increase when compared to the $596.4 million result […]
Casino
January 18, 2023
Wynn Resorts Implements New Wellbeing Program
This new commitment is captured by the company’s signature Wynn Living Well program which has been carefully tailored to meet current customer needs and improve on their overall experience. Wynn Resorts Is All About the Healthy Lifestyle Wynn Resorts COO for North America, Brian Gullbrants, said that the property and the company were striving to […]
Business
December 19, 2022
Wynn Macau to Invest $2.2B Following Changes in Concessions
Wynn Macau Spending Big Wynn Macau announced it’s planning an investment of MOP17.8 billion (approximately $2.22 billion) in the special administrative region (SAR). A big piece of these investments is going to be focused on expanding revenue through non-gaming enterprises. This is a general trend that’s expected, as the SAR announced that broadening their non-gaming […]
Casino
December 12, 2022
Wynn Plans an Expansion of Everett Property
Wynn Resorts, one of the biggest gambling operators in the United States, is seeking to expand its Encore Boston Harbor casino in Everett. If everything goes according to plan, the expanded venue may include new poker and sports betting facilities. These plans are still subject to regulatory approval, though. Wynn to Expand Encore Boston Harbor […]
Casino
December 2, 2022
Wynn Resorts Ltd Finalizes Sale of Encore Boston Harbor
US casino giant Wynn Resorts Limited has completed the sale of its integrated resort in Massachusetts, Encore Boston Harbor. The news came early on Friday, and the move is part of the company’s plans to increase its war chest as it pivots towards new projects. The property was sold to Realty Income Corporation for $1.7 […]
Legal
November 24, 2022
Steve Wynn Heads to Court to Fight RICO Case
Since his fall from grace in 2018, Steve Wynn has been attending courts often enough. In most cases, he has been able to settle or prove his innocence. Controversial as he may be, Wynn has denied wrongdoing on any of the charges he has been brought on, but the public scandal that his alleged sexual […]
