Articles tagged “wynn resorts”

Wynn Resorts Unveils $2 Billion Expansion Plan in Macau

Wynn Resorts Unveils $2 Billion Expansion Plan in Macau

Christopher Palmeri, Bloomberg

Wynn Resorts sees a prime opportunity in Asia, with both China and Japan becoming more receptive to gambling and foreign tourism lately. The question is will growth in those markets warrant pricey construction costs?

1 month ago

Wynn Resorts Banks On International Gamblers at New Boston-Area Casino

Wynn Resorts Banks On International Gamblers at New Boston-Area Casino

Randall Williams, Bloomberg

Wynn Resorts is betting on overseas visitors, including Asian parents dropping off their children at Boston’s many colleges, to flock to its just-opened casino. Will a Vegas-style concept in the heart of New England work?

2 months ago

Wynn Resorts Bets on Vegas-Style Glitz for New Boston-Area Hotel

Wynn Resorts Bets on Vegas-Style Glitz for New Boston-Area Hotel

Christopher Palmeri , Bloomberg

Usually casinos outside major cities lack some of the polish of Las Vegas. But with its new hotel outside Boston, Wynn is trying something different. The Encore Boston Harbor will be a Vegas-style operation. Will it work?

3 months ago

Wynn Resorts May Sell New Boston-Area Casino to MGM Resorts

Wynn Resorts May Sell New Boston-Area Casino to MGM Resorts

Christopher Palmeri, Bloomberg

Wynn Resorts fought hard to win the right to open this casino outside Boston. But business priorities change, and this seems less important to the company now.

3 months ago

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

John J. Edwards , Bloomberg

It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.

5 months ago

Wynn in Early Talks to Buy Australia’s Crown Resorts

Wynn in Early Talks to Buy Australia’s Crown Resorts

Angus Whitley and Daniela Wei, Bloomberg

Wynn needs to expand in Asia badly as it has only one resort in the region in Macau, which is seeing a slowdown. But will Crown be a good win, especially since gaming in Australia is also weakening, and there may be new opportunities in Japan?

5 months ago

Wynn Resorts Has to Pay $20 Million For Steve Wynn’s Bad Behavior

Wynn Resorts Has to Pay $20 Million For Steve Wynn’s Bad Behavior

Nick Turner, Bloomberg

A mere $20 million in fines is nothing for a company that made $6.72 billion in operating revenues last year. Wynn Resorts is certainly lucky to have retained its gaming licenses in Nevada, too.

6 months ago

Wynn Sues Genting for Copying Its Design for Las Vegas Resort

Wynn Sues Genting for Copying Its Design for Las Vegas Resort

Edvard Pettersson, Bloomberg

There are only so many ways you can design a mega resort on a small piece of land so it appeals to the Vegas visitor.

8 months ago

Wynn Resorts Names New Chairman and Settles With Elaine Wynn

Wynn Resorts Names New Chairman and Settles With Elaine Wynn

Christopher Palmeri , Bloomberg

Does this really signal the "new Wynn" or is this just more of the same?

1 year ago

Board Rejects Chairman Candidate Backed by Elaine Wynn

Board Rejects Chairman Candidate Backed by Elaine Wynn

Christopher Palmeri, Bloomberg

The power struggle at Wynn Resorts continues. Changing the board is one step, but is it enough to ensure the company's future success?

1 year ago

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Elaine Wynn Emerges as a Shareholder Activist With a Refreshing Approach

Joe Nocera, Bloomberg

Bloomberg columnist Joe Nocera adds up the victories by Steve Wynn's ex-wife Elaine as she attempts to clean up Wynn Resorts. He rightfully calls her a shareholder activist who breaks the mold because she doesn't have a cut-and-run mindset. Now there's a model for others to follow.

1 year ago

Wynn Resorts Expects to Complete Its Sexual-Harassment Probe by the Fall

Wynn Resorts Expects to Complete Its Sexual-Harassment Probe by the Fall

Christopher Palmeri, Bloomberg

How the multibillion-dollar company conducts itself with regard to the multiple allegations of sexual harassment and abuse lodged against its founder will really determine whether the "new Wynn" can actually succeed.

1 year ago