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Wynn Resorts News
Macau gaming revenue declines for sixth straight month
1 Dec 2014
The Macau Gaming Inspection and Coordination Bureau said Monday casinos in the Chinese gambling market collected $3.04 billion in gaming revenue during the month, down 19.6 percent from a year ago.
Wynn Resorts: No federal investigation despite published reports
24 Nov 2014
Wynn Resorts said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money- laundering violations.
Wynn Resorts say they're unaware of criminal investigation
21 Nov 2014
Wynn Resorts has received a request for information from the government concerning its elite clients.
Fitch analysts join others in cautioning on Macau
19 Nov 2014
The bond advisement service predicted zero growth in Macau’s gaming revenue by the time 2014 is concluded, and an overall decline of 1 percent in 2015.
AGA making its voice heard on major gaming issues
12 Nov 2014
AGA CEO Geoff Freeman said the AGA should be the group to clear up misconceptions or untruths about a regulated casino industry. That’s what the organization did in Massachusetts, and will do in other markets.
MGM officially awarded Massachusetts gaming license
6 Nov 2014
The process was been put hold until a ballot question that sought to repeal the state’s casino law was decided. On Tuesday, Massachusetts voters overwhelmingly rejected the referendum.
Macau casino revenue dips record 23.2 percent in October
5 Nov 2014
Total casino revenue was $3.5 billion in October — Macau’s fifth straight monthly decline, the Macau Gaming Inspection and Coordination Bureau said Tuesday.
Bay State voters choose to preserve fledgling casino industry
5 Nov 2014
Massachusetts voters saved the state’s fledgling casino industry Tuesday by overwhelmingly rejecting a ballot referendum that would have tossed a three-year-old gaming law.
Vote to reverse Bay State casinos appears losing — or will it?
3 Nov 2014
By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by 15 to 20 percentage points.
Wynn revenues dip, but profits up in Q3
29 Oct 2014
Wynn said its net income for the quarter that ended Sept. 30 was $191.4 million, or $1.88 per share. A year ago, the company reported net income of $182 million, or $1.79 per share.
Inside Gaming: Smoking ban the least of worries in Macau gambling
27 Oct 2014
The Chinese gaming enclave has experienced four straight months of gaming revenue declines. A fifth monthly drop is expected when October’s numbers are counted.
Suffolk Downs workers file lawsuit
17 Oct 2014
A lawsuit has been filed against the Massachusetts Gaming Commission by both the city and a union alleging unfair advantage in recent license bid.
Macau suffers fourth straight monthly gaming revenue drop
7 Oct 2014
Analysts warned Monday that the Chinese gaming enclave, which has experienced four straight monthly revenue dips, hasn’t bottomed out.
Adelson reiterates his opposition to Internet gaming
2 Oct 2014
In a full-throated beat-down, Adelson, 81, enumerated all the reasons why he opposes the legalization of Internet gaming.
Wynn's thoughts on Internet gaming: "Not much"
1 Oct 2014
Steve Wynn doesn't see the profit in Internet gaming in the U.S. currently and worries that a public relations crisis surrounding the activity would “invite additional regulation or oversight for land-based gambling.”
G2E to ring up $22.3 million in nongaming economic impact
30 Sep 2014
Sponsored by the American Gaming Association and produced by Reed Exhibitions, the 14th annual Global Gaming Expo is expected to attract 27,000 attendees.
Boston casino not yet a clear Wynn
29 Sep 2014
Saying the Las Vegas-based company isn’t well liked in Boston or in surrounding communities is an understatement. The award to Wynn could drive some of those angry voters to the polls Nov. 4.
Macau mired in cold streak
24 Sep 2014
On Monday, the Chinese gaming market was red-flagged when Wells Fargo Securities gaming analyst Cameron McKnight became the latest Wall Street researcher to post warning signals.
Wynn Resorts wins Boston-area license
17 Sep 2014
Wynn Resorts proposed casino for Everett wins Boston area gaming license.
SLS, and visionary behind it, get warm Strip welcome
8 Sep 2014
Nazarian, 39, the visionary behind the Strip’s first major hotel-casino unveiling in four years, quickly learned he had support from the competition for the $415 million renovation of the Rat Pack-era Sahara.
Turnaround story unfolds for MGM Resorts International
18 Aug 2014
Following the company’s release of second-quarter earnings this month — a profit of $105.5 million on revenue of $2.6 billion — the investment community praised the company and lauded expansion opportunities in the U.S. and Macau.
Is the Macau party over for Wynn and Adelson?
11 Aug 2014
A gaming insider looks at the troubles facing the Macau market and wonders how those issues will impact Steve Wynn and Sheldon Adelson.
Speakers lineup for G2E announced
31 Jul 2014
Producers of the G2E, scheduled from Sept. 30-Oct. 2 at the Sands Expo and Convention Center, announced the tradeshow and conference’s speaker list Wednesday.
Las Vegas casinos save Wynn Resorts quarterly results
30 Jul 2014
The company’s revenue from its two Las Vegas casinos was roughly 32 percent of the total figure but grew 12.5 percent to $451.4 million.
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