Tagged wynn resorts limited

Wynn Macau Limited provides an update on its Macau development plans

May 11, 2022

United Arab Emirates, Latest Casino and Gambling News, Casino proposals, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Macau, New York

In the casino hotspot of Macau and Asian casino operator Wynn Macau Limited is reportedly reconsidering whether to carry through with plans to further expand its Wynn Macau and Wynn Palace Cotai developments. ...

Wynn Macau Limited establishes $7.9 million junket defence fund

Adam Morgan

April 25, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Macau and casino operator Wynn Macau Limited has reportedly set aside approximately $7.9 million to defend itself against litigation that may be brought by former customers of local junket firm Dore Entertai...

The Match golf extravaganza to feature quartet of NFL quarterbacks

Adam Morgan

April 19, 2022

Latest Casino and Gambling News, Las Vegas, NFL, Gaming Industry News, Mergers, Acquisitions & Partnerships

American casino operator Wynn Resorts Limited has announced that the next instalment of The Match exhibition golf event is set to take place on June 1 from the Wynn Golf Club located next door to its Wynn Las V...

United Arab Emirates looking to potentially legalize casino gambling

Adam Morgan

April 15, 2022

United Arab Emirates, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Lottery

The casino hotspots of Las Vegas and Macau could soon have another substantial rival in the United Arab Emirates after the Middle Eastern nation of almost 9.3 million people reportedly revealed that it intends ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Macau casino operators facing free cash flow to equity run rate crisis

Adam Morgan

March 30, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau

Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as three months as China’s crackdown against the spread of coronavirus continues to limit travel to and ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Macau casino operators not set to face increase in tax rates

Adam Morgan

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Taxation, Mergers, Acquisitions & Partnerships

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to ...

Disappointing weekend for Macau casino operators

Adam Morgan

March 15, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the on...

Macau casino operators facing six-month license extension costs

Adam Morgan

March 10, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and every member of the enclave’s six-strong club of licensed casino operators is reportedly being asked to pay at least $6.2 million in order to have their lucrative local gambling concessions extende...

Macau casino operators experience aggregated share price slump

Adam Morgan

March 8, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

The six-strong club of Hong Kong-listed casino operators in Macau reportedly saw the aggregated value of their shares drop by almost $3.5 billion over the weekend as investors exercised caution regarding the fu...

New York records $1.54 billion online sportsbetting handle for February

Adam Morgan

March 7, 2022

Latest Casino and Gambling News, NFL, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Licensing, New York

Online sportsbetting aficionados in the eastern American state of New York reportedly altogether staked some $1.54 billion on wagers last month thanks in large part to increased interest surrounding Super Bowl ...

Macau draft gaming legislation looking to include national security protections

Adam Morgan

March 7, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Licenses, Macau, Fines, Lawsuits & Litigation

Draft gaming legislation currently being debated in Macau could reportedly allow the enclave’s Chief Executive to rapidly terminate any local casino operating license should the holder be found to have breached...

Wynn Resorts Limited inks Encore Boston Harbor lease-back agreement

Adam Morgan

February 16, 2022

Casino Sales, Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Massachusetts

American casino operator Wynn Resorts Limited has announced the signing of a $1.7 billion lease-back deal with real estate investment trust Realty Income involving its Encore Boston Harbor development. The L...

Asian casino magnate Kazuo Okada ordered to pay $54.6 million legal bill

Adam Morgan

February 10, 2022

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation

In the United States and Asian casino magnate Kazuo Okada (pictured) has reportedly been told to pay over $54 million to a law firm that represented him during his long-running legal tussle with former Wynn Res...