Articles tagged “wynn resorts”

Hospitality

Las Vegas Sands and Wynn Resorts Valuations Tank on Chinese Crackdown

Increased oversight from Chinese regulators in Macau threatens a massive financial hit to U.S. gaming resort operators. But don’t expect this to lead to a mass exodus to other gaming markets in Asia.

Cameron Sperance | 2 months ago

Coronavirus

Travel Helps to Fuel the Record-Setting $100 Billion in SPAC Deals Announced This Year

Travel companies increasingly looked to go public via SPACs this year, but the exuberance might be short-lived as a slowdown is likely in the U.S. Regulators are already looking into the explosion of activity.

Cameron Sperance, Skift | 6 months ago

Coronavirus

Wynn Resorts Will Unleash Online Gaming Into a Public Company

Casino companies like Wynn Resorts accelerating their push into online gaming isn't a sign sprawling gaming resorts are endangered species. This is about reaching customers who aren't the type to spend a few days in Las Vegas or Macau.

Cameron Sperance, Skift | 7 months ago

Coronavirus

Hotel Union Frustrations Boil Over as Deeper Job Cuts Coming

Unite Here, one of the largest North American labor unions, is angry at hotel companies for laying off a bulk of their workforce during the pandemic. But companies like Wynn Resorts and Omni are pushing back against what they see as unfair criticism.

Cameron Sperance, Skift | 11 months ago

Coronavirus

Short Sellers Lost Billions as Travel and Leisure Stocks Rallied Monday

For more evidence of the travel industry's current volatility, look no further than the billions of dollars certain funds lost following news of a vaccine.

Tommy Wilkes and Saqib Iqbal Ahmed, Reuters | 1 year ago

EventMB

Wynn Resorts Bets on Testing for a Faster Return to Events

1 year ago

Coronavirus

Will Las Vegas Resorts Survive a Year of No Conventions?

Can the show go on in Sin City while so many events and conventions can’t? Sure — if you have a few billion in the bank to tide your resorts over for a year.

Cameron Sperance, Skift | 1 year ago

Coronavirus

Giving Away the House? Las Vegas Resorts Reopen With Rock-Bottom Rates

Vegas casino operators may care more about occupancy over daily rates in the initial recovery, but prolonged room discounts can alter guest rate expectations — and sink hotel revenue streams for the long-term.

Cameron Sperance, Skift | 1 year ago

Hotels

Wynn Resorts Unveils $2 Billion Expansion Plan in Macau

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?

Christopher Palmeri, Bloomberg | 2 years ago

Hotels

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

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?

Randall Williams, Bloomberg | 2 years ago