#Wynn Resorts Ltd

Review Journal

Las Vegas may have had it’s best year ever in 2023

It's hard to argue against the position that Las Vegas had its most successful year in its history in 2023. And what do you do after one successful run? Come back for more. That's what local gaming and tourism analysts figure will happen in 2024 after wrapping up a year filled with record gaming revenue and union contract signings, airport…

Travel ・ 27 December 2023

Review Journal

Culinary negotiations with three casino companies were predictable

Following the Culinary union's negotiation process with three major casino companies was like watching the movie "Titanic." Once the union struck its deal with Caesars Entertainment Inc. on Nov. 7, everybody who has ever seen the union in action knew other companies would fall in line, just as surely as everybody who has seen the 1997 James Cameron…

Travel ・ 19 November 2023

news.bloomberglaw.com

Las Vegas Strike Averted as Hoteliers Round Out Labor Deals (1)

Nov. 10, 2023, 3:06 PM UTC Three Las Vegas casino companies have reached labor deals with the city's most powerful hospitality workers union, ending the threat of a strike in one of the nation's hottest tourist destinations. <-bsp-bb-link>Culinary Workers Union Local 226 said it reached a new five-year contract agreement with Wynn Resorts&hellip;

Land-based ・ 10 November 2023

news.bloomberglaw.com

Caesars, Las Vegas Workers Reach Deal Easing Strike Threat (1)

A powerful Las Vegas hospitality union struck an agreement with casino owner Caesars Entertainment Inc., the first breakthrough in a months-long labor standoff that threatened to upend one of the nation's largest tourist economies just before it hosts a major grand prix and the Super Bowl. Culinary Workers Union Local 226 said Wednesday it had&hellip;

Incidents ・ 08 November 2023

Super Slots Casino

$6,000 Welcome Bonus

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news.bloomberglaw.com

Las Vegas Casinos Face Threat of Worker Strike on Nov. 10 (1)

Over 35000 hospitality workers in Las Vegas will walk off the job next week if the city's largest casino companies fail to reach a deal with labor leaders. The Culinary Workers Union said Thursday that employees at 18 resorts owned by MGM Resorts International, Caesars Entertainment Corp., and Wynn Resorts Ltd. will go on strike if a deal isn't&hellip;

Land-based ・ 03 November 2023

Benzinga

Casinos and Gambling Market to grow by USD 90.22 billion from 2022 to 2027

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The casinos and gambling market is estimated to grow by USD 90.22 billion from 2022 to 2027, growing at a CAGR of 8.13% . The casinos and gambling market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer casinos and gambling market are 888 Holdings&hellip;

13 October 2023

Review Journal

Dubai to pass Las Vegas hotel room inventory

While Dubai is on track to surpass the number of hotel rooms in Las Vegas, a Southern Nevada gaming and hospitality industry analyst who knows the United Arab Emirates landscape well says it shouldn't become a major competitor as long as Las Vegas continues to invest in its infrastructure. "As long as Las Vegas stays on its game, nothing will be&hellip;

Land-based ・ 24 September 2023

Benzinga

Casino Gaming Market Projected to Reach USD 544.08 Mn at a 5% CAGR by 2030

The Global Casino Gaming Market size is expected to grow from USD 368.26 million in 2022 to USD 544.08 million by 2030, at a CAGR of 5% during the forecast period (2023-2030). Casino Gaming is one of the most lucrative segments of the global gaming industry. The relaxation of gambling laws around the world has created a number of opportunities for&hellip;

13 September 2023

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Parent of Las Vegas Strip casino to settle sexual harassment claim

This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Thursday, Sept. 7, 2023 | 5:31 p.m. A parent company of a Las Vegas Strip casino and nine unnamed women are settling a lawsuit alleging the company failed to investigate allegations that female employees were sexually harassed by the company's&hellip;

Law ・ 08 September 2023

WOWK TV 13 News

Casino mogul Steve Wynn fined $10M to end fight over claims of workplace sexual misconduct in Nevada

LAS VEGAS (AP) - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at&hellip;

Law ・ 06 August 2023

Review Journal

Macao regulators release July gaming revenue results

Macao casinos had their best month of 2023, one year after having their worst month of 2022. Macao's Gaming Inspection and Coordination Bureau on Tuesday reported gross gaming revenue of $2.075 billion (U.S), the most won in the special administrative region since January 2020. By comparison, the state of Nevada last week reported gaming win of&hellip;

Finance ・ 02 August 2023

Insurance Journal

Las Vegas Casino Mogul Fined $10M to End Fight Over Claims of Workplace Sexual Misconduct

Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement last week to end the state's look at allegations that led&hellip;

Law ・ 31 July 2023

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NBC News

Casino mogul Steve Wynn to pay $10M, cut gambling ties after Nevada sexual misconduct investigation

LAS VEGAS - Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission accepted a settlement Thursday to end the state's look at&hellip;

Law ・ 29 July 2023

Bozeman Daily Chronicle

Las Vegas casino mogul Steve Wynn to pay $10M to end fight over claims of sexual misconduct

LAS VEGAS (AP) - Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in&hellip;

Law ・ 28 July 2023

Fortune

Las Vegas casino mogul Steve Wynn will pay $10 million

Casino mogul Steve Wynn's long legal fight with Nevada gambling regulators over claims of workplace sexual misconduct is expected to end Thursday with a settlement calling for him to pay a $10 million fine and cut virtually all ties to the industry he helped shape in Las Vegas. The Nevada Gaming Commission was scheduled to meet in the state capital&hellip;

Law ・ 28 July 2023

Review Journal

Las Vegas Strip still leads the US in casino gambling, according to AGA

The American Gaming Association recently published data showing the first quarter of 2023 produced the highest gaming revenue of any quarter in industry history. It wasn't a surprise. After all, Nevada results have been stellar for around two years and most of the publicly traded casino companies have said their results in jurisdictions outside&hellip;

Land-based ・ 24 May 2023

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Review Journal

American Gaming Association reports casino gaming revenue nationwide

The American Gaming Association recently published data showing the first quarter of 2023 produced the highest gaming revenue of any quarter in industry history. It wasn't a surprise. After all, Nevada results have been stellar for around two years and most of the publicly traded casino companies have said their results in jurisdictions outside&hellip;

Sports ・ 22 May 2023

Review Journal

Wynn lawsuit focused on tip-sharing by slot machine attendant

A Clark County woman filed a lawsuit against Wynn Resorts Ltd. saying the company violated labor laws by pooling tips paid to slot machine attendants and sharing the money with their supervisors. Attorneys for Sheila Little allege that management at Wynn Las Vegas violated the Fair Labor Standards Act by forcing her and her peers to share a portion&hellip;

Law ・ 27 April 2023

Review Journal

Las Vegas Sands signs deal for NY casino resort site

New York's Nassau County signed a preliminary 99-year lease agreement with Las Vegas Sands Corp. for use of its 80-acre Nassau Veterans Memorial Coliseum site for development of an integrated resort with a casino on Long Island. In a news conference in New York on Wednesday, Sands Chairman and CEO Rob Goldstein and Nassau County Executive Bruce&hellip;

Land-based ・ 27 April 2023

Market Watch

Casino Stocks Gain on Las Vegas Sands's 1Q Revenue Growth in Asia

Shares of MGM Resorts International, Wynn Resorts Ltd. and Caesars Entertainment Inc. advanced on the back of Las Vegas Sands Corp.'s surge in gambling revenue from Asia in its latest quarter. Sands recorded first-quarter gambling revenue of $1.54 billion, more than doubling from $627 million a year earlier. Shares up 4.9% to $62.26 in after-hour&hellip;

Finance ・ 20 April 2023

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Reuters

Japan approves $13.5 billion Osaka resort, country's first casino

MGM Resorts, Orix to own 40% each Resort set to open in 2029 Will include hotel, shopping mall, ferry terminal TOKYO, April 14 (Reuters) - Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic&hellip;

Travel ・ 14 April 2023

Review Journal

Macao casino revenue rebounding as analysts expect continued growth

Gaming industry analysts expect casino revenue to continue rising in Macao after back-to-back months of growth. The region's Gaming Inspection and Coordination Bureau on Wednesday reported a 33.1 percent increase in gross gaming revenue to $1.3 billion in February compared with a year earlier. While February figures were down from January, John&hellip;

Industry ・ 02 March 2023

Asgam

Collapse of VIP market drives Wynn Macau Ltd to widened US$181 million operating loss in 4Q22

Wynn Resorts Ltd has reported a US$181.3 million loss from its Macau operations in the three months to 31 December 2022, widened from both the US$128.2 million loss reported in 4Q21 and the US$162.7 million loss in 3Q22. The challenging result, which predated the recent reopening of Macau's borders, was attributable to both the challenging&hellip;

Finance ・ 09 February 2023

Review Journal

Wynn Resorts led Massachusetts’ casino market share in July

Wynn Resorts Ltd. commanded a whopping 66 percent share of the Massachusetts casino market in July, the Massachusetts Gaming Commission reported Monday. The commonwealth announced gross gaming revenue was $98.7 million from the state's three casinos, with Wynn's Encore Boston Harbor in Everett winning $64.7 million, MGM Resorts International's MGM&hellip;

Finance ・ 31 January 2023

Review Journal

Las Vegas Sands Corp. to build Long Island casino resort

Las Vegas Sands Corp. is proposing to build a multibillion-dollar resort on Long Island, New York, as part of a bid for one of three downstate New York casino licenses. Las Vegas Sands said Thursday it has entered into agreements to purchase the long-term lease of the site that's currently home to the Nassau Veterans Memorial Coliseum. The&hellip;

Land-based ・ 13 January 2023

GGRAsia

Aristocrat gets regulatory nod for Sally Denby as new CFO

Australia-listed casino slot machine maker and gaming content provider Aristocrat Leisure Ltd says it has received the "necessary regulatory pre-approvals" to confirm the appointment of Sally Denby as chief financial officer (CFO). The group's plan to install her had been announced to the Australian Securities Exchange on November 14. Ms Denby's&hellip;

Travel ・ 29 December 2022

Review Journal

Three Las Vegas companies receive Macau licensing extensions

Las Vegas Sands Corp. will tear a page out of the Las Vegas playbook when it invests $3.5 billion over the next decade in launching restaurants and nongaming tourist attractions to attract international visitors there, the company announced Monday. It plans to develop several new restaurants and introduce international culinary concepts to support&hellip;

Industry ・ 20 December 2022

Review Journal

Wynn Resorts partners with New York land developer Related Companies on casino resort license

Wynn Resorts Ltd. is partnering with a New York real estate company to pursue one of three new downstate casino licenses in a Manhattan neighborhood. Related Cos. and Wynn announced the agreement Thursday to develop a casino, resort and entertainment area near the Javits Center on the western side of the Hudson Yards, near the Hudson River. The&hellip;

Travel ・ 18 December 2022

Review Journal

AGA President and CEO Bill Miller seeks a crackdown against illegal gaming operators in speech in Las Vegas

A panel of gaming industry experts on Sunday discussed the challenges of targeting illegal operators nationwide, after the American Gaming Association's leader appealed for a crackdown. AGA President and CEO Bill Miller said several days earlier that illegal gaming operations have become the biggest - and costliest - challenge to legal gaming in&hellip;

Law ・ 13 December 2022

Review Journal

Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.

Macao reported another disappointing month of gaming revenue in November with the region reporting winning $374.4 million, a 55.6 percent decline from November 2021. Macao's Gaming Inspection and Coordination Bureau on Thursday said the region has had only one month - February - in which the region's 39 casinos made more money than they did a year&hellip;

Covid ・ 02 December 2022

The Wall Street Journal

Six Macau Casino Operators Win New 10-Year Licenses

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed byour Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contactDow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https Cotai Strip earlier this year. Six casino operators in&hellip;

Travel ・ 26 November 2022

Market Watch

Wynn, Las Vegas Sands, MGM Shares Rise After China Eases Covid-19 Controls

Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International shares were higher Friday after China eased certain Covid-19 controls, including reducing quarantine times for travelers from other countries. Wynn gained 9% to $78.27, Las Vegas Sands rose 6% to $43.66, and MGM was up 4% to $36.81.

Covid ・ 11 November 2022

Review Journal

Tilman Fertitta starts demolition for Las Vegas Strip hotel-casino project

Tilman Fertitta demolished an old motel on the Strip, as the Houston billionaire pushes ahead with plans for a towering upscale resort. Works crews recently tore down a former 1960s-era Travelodge on Las Vegas Boulevard just south of Harmon Avenue, leaving piles of concrete, wood and other debris on the site as of Tuesday. Its boarded-up lobby, in&hellip;

Land-based ・ 10 November 2022

Portland Press Herald

With casinos struggling, ‘Las Vegas of Asia’ looks to reduce reliance on gambling

BEIJING - Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and now&hellip;

Covid ・ 07 November 2022

Review Journal

Gaming industry CEOs wary of future issues while celebrating Las Vegas success

Two prominent casino company CEOs said Tuesday they're happy that Southern Nevada is pacing a record industry rebound, but they remain wary of economic uncertainties that could put a dent in the future. Derek Stevens, owner of downtown Las Vegas' Circa, and Craig Billings, the newest person to hold the position of CEO of Wynn Resorts Ltd., kicked&hellip;

Industry ・ 26 October 2022

Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year&hellip;

Travel ・ 21 October 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of&hellip;

Covid ・ 21 October 2022

Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Owning it: I have been following the shares of Las Vegas Sands (NYSE: LVS) for five years, for any number of reasons that most investors share with me. It is the global leader of the gaming industry, having been built from the Las Vegas legacy of the original Sands, home of the famous Rat Pack of Frank Sinatra, and decades later, its extension to&hellip;

Travel ・ 22 September 2022

Review Journal

Las Vegas Sands, Wynn Resorts, MGM among companies lining up for Macao license.

Seven gaming companies will vie for six operational licenses in Macao, but at least one analyst expects all of the competitors will end up getting a piece of the action. The government of Macao on Friday announced six existing concessionaires - Las Vegas Sands Corp., Wynn Resorts Ltd., MGM Resorts International, and Chinese operators SJM Resorts&hellip;

Travel ・ 20 September 2022

Review Journal

Macao casino relicensing occurring as region recovers from shutodown of properties

Macao, the most lucrative casino gaming market in the world since 2006, is taking a page from an old Strip playbook. Remember those efforts to draw families to Las Vegas in the 1990s? Casino companies across the valley built thrill rides, roller coasters and Strip-front entertainment to attract audiences to their resorts. That's what's in store for&hellip;

Strategy Guide ・ 14 August 2022

Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation&hellip;

Covid ・ 27 July 2022

Review Journal

Sands casinos among properties that will be allowed to reopen Saturday morning

Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there. The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.&hellip;

Covid ・ 20 July 2022

Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will&hellip;

Covid ・ 18 July 2022

Review Journal

Macao extends lockdown by 5 days, 3 Las Vegas based casinos affected

HONG KONG - The Chinese gambling enclave of Macao on Saturday extended its lockdown by five days as it grapples with the biggest outbreak of the coronavirus in over two years. Authorities said that industries and commercial companies will remain closed until July 23. The lockdown, which began July 11, had been set to expire Sunday. The shutdown&hellip;

Covid ・ 17 July 2022

Northwest Asian Weekly

‘Las Vegas of Asia’ tells casinos to grow beyond gambling

By JOE McDONALD AP Business Writer BEIJING (AP) - Streets in the gambling center of Macao were empty on July 11 after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia"&hellip;

Covid ・ 14 July 2022

The Arkansas Democrat

Macao casinos told to branch out

MGM Grand Macau casino resort is closed in Macao, Monday, July 11, 2022. Streets in the gambling center of Macao were empty Monday after casinos and most other businesses were ordered to close while the Chinese territory near Hong Kong fights a coronavirus outbreak. (AP Photo/Kong) BEIJING -- Losing money because of covid, the American casino&hellip;

Travel ・ 12 July 2022

The Diplomat

Macao, ‘Las Vegas of Asia,’ Tells Casinos to Grow Beyond Gambling

Losing money due to COVID-19, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades but now is&hellip;

Covid ・ 11 July 2022

WNYT

'Las Vegas of Asia' tells casinos to grow beyond gambling

BEIJING (AP) - Losing money due to COVID, the American casino giants that helped make Macao the "Las Vegas of Asia" face a fresh challenge: The tiny Chinese territory wants them to help reduce its reliance on gambling by paying to build theme parks and other attractions. The former Portuguese colony stayed out of business decisions for decades and&hellip;

Covid ・ 11 July 2022

Review Journal

Macao casinos to close as COVID-19 outbreak widens

Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak in the Asian gambling hub showed few signs of abating, Macao Daily reported. Essential business operations including supermarkets and pharmacies will remain open, the report cited the city's officials as saying at a press briefing Saturday.&hellip;

Covid ・ 10 July 2022

Review Journal

Blackstone, a major Las Vegas casino landlord, acquires Australia’s Crown Resorts

The landlord of several megaresorts on the Strip has completed its buyout of billionaire James Packer's Crown Resorts Ltd., an Australian casino operator with its own history in Las Vegas. Blackstone announced Friday that it closed its acquisition of Crown, saying this marked its largest transaction to date in the Asia-Pacific region.&hellip;

Travel ・ 24 June 2022

WFMZ News

Casino Gaming Market Size to Grow by USD 50.03 Billion

NEW YORK, June 15, 2022 /PRNewswire/ -- The " Casino Gaming Market by Type and Geography - Forecast and Analysis 2021-2025 " report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the casino&hellip;

Industry ・ 15 June 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported&hellip;

Finance ・ 02 June 2022

Bangkok Post

Casinos Just Had Their Best Month Ever

Gambling industry reports record $5.31 billion in revenue for the month of March Gamblers spent $8.19 billion on slot machines during the first quarter, a 19% increase from the same period a year earlier, according to the American Gaming Association. (Photo: AFP) Gamblers, eager to get back to slot machines and blackjack tables, have shrugged off&hellip;

Gaming Authorities ・ 14 May 2022

Review Journal

New York casino licenses spur interest from local companies, Strip operators

Several Las Vegas resort companies are expected to vie for a license to open a casino in or near New York City. When New York Gov. Kathy Hochul and state legislative leaders fast-tracked the licensing of new casinos last week, they revived interest in the state's expansion of casino gambling in one of the most densely populated areas in the&hellip;

Gaming Authorities ・ 14 April 2022

Crain's New York Business

New York budget deal calls for three NYC-area casinos

The New York City area could get as many as three new casinos as a result of the new budget deal reached by Gov. Kathy Hochul and state legislative leaders on Thursday. The budget still needs to be voted on by the full Legislature. The decision, which was part of the state's overall funding package, moved up the date of a 2013 voter-approved&hellip;

Travel ・ 09 April 2022

Review Journal

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau&hellip;

Finance ・ 02 April 2022

Recent Slot Releases

Global Gambling Market Opportunities and Strategies Report 2022-2030: Shift In Interests Towards Online And Physical Sportsbook Betting

The "Gambling Global Market Opportunities And Strategies To 2030, By Type, Channel Type" report has been added to ResearchAndMarkets' offering. The global gambling market reached a value of nearly $465763.9 million in 2020, having increased at a compound annual growth rate (CAGR) of 2.1% since 2015. The market is expected to grow from $465763.9&hellip;

Sports ・ 16 March 2022

Review Journal

Optimism high among casino execs during Las Vegas investor forum

Nevada-based casino companies are poised for a strong 2022, judging by the upbeat comments from executives during an investment forum this week at Wynn Las Vegas. Casino executives said business is approaching or surpassing pre-COVID-19 levels, many companies are showing favorable group business calendars and leisure visitors continue to crowd&hellip;

Finance ・ 10 March 2022

Market Watch

Las Vegas Sands, Wynn, MGM Shares Rise After Macau Proposes New Rules

Shares of U.S. casino operators with exposure to Macau rose in premarket trading after the Chinese gambling enclave released a new draft law that would tighten rules for U.S.-owned casinos in the city. Las Vegas Sands Corp. rose 10% in premarket trading, while Wynn Resorts Ltd. was up 7.8%. Shares of MGM Resorts International advanced 3.7%.

Travel ・ 14 January 2022

Gambling News

US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim

Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a lot of money,&hellip;

Covid ・ 12 January 2022

Review Journal

Losses by large companies show pandemic still affects Las Vegas

The theory gaming industry analysts hypothesized months ago appears to be holding true: Companies operating on the Strip and in Macao are struggling more than their regional counterparts. Third-quarter earnings reports wrapped up late last month and the numbers show there's still a way to go before we can say the pandemic is behind us, even as&hellip;

Covid ・ 05 December 2021

Review Journal

Thanksgiving travelers ready to feast in ‘fully reopened’ Las Vegas

Thanksgiving holiday travelers are coming, and they have quite the appetite. It's the second Thanksgiving weekend during the pandemic. But the circumstances are different this year: There are no pandemic capacity restrictions, shows are up and running, COVID-19 vaccines are widely available across the country and international borders are open to&hellip;

Valentine's Day ・ 23 November 2021

Review Journal

Mets majority owner reported to be in talks with Las Vegas Sands for casino

A sports business website has reported that Steven Cohen, majority owner of the New York Mets baseball team, is in preliminary talks with Las Vegas Sands Corp. to build a casino next door to the Mets' Citi Field. A Las Vegas Sands spokesman would not comment on the report but issued a statement about the company's continuing interest in the New&hellip;

Gaming Authorities ・ 30 October 2021

Reuters

Billions blown as Macau casino investors fold amid gambling review

HONG KONG, Sept 15 (Reuters) - Shares of Macau casino operators on Wednesday shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub. With Macau's lucrative casino licences up for rebidding next year,&hellip;

Finance ・ 16 October 2021

GGRAsia

Macau ex-advisor Green tells court when LVS tied to Galaxy

The casino operations experience of Las Vegas Sands Corp (LVS) had significant weight when the Macau government was assessing bids for gaming concession rights nearly 20 years ago, a Macau court was told on Friday by David Green, part of a consulting team from accountancy firm Arthur Andersen LLC, hired by the city's government to advise on&hellip;

Travel ・ 08 October 2021

Review Journal

Global Gaming Expo G2E gathering this week in Las Vegas to see new slot machines

If there ever was a slot machine supermarket, it would be G2E. Beginning this week, gaming industry professionals will gather at The Venetian Expo to see, hear and touch what gaming manufacturers say will be the next generation of casino gadgetry designed to keep players more engaged - and to spend more of their entertainment dollar. Leaders of the&hellip;

Winnings ・ 05 October 2021

Review Journal

MGM Resorts makes shrewd move to acquire The Cosmopolitan of Las Vegas

Last week, the largest employer on the Strip made the surprise announcement that it's acquiring the operations of The Cosmopolitan of Las Vegas for $1.625 billion. It's part of a larger $5.65 billion real estate deal for Blackstone with a method in vogue in the gaming industry these days: A group of investors is buying the real estate beneath The&hellip;

Travel ・ 04 October 2021

Bloomberg

Wynn, Casino Stocks Battered After China Crackdown in Macau Gambling

China's crackdown on U.S.-listed stocks claimed more victims this week as casino operators got torched after regulators in Macau said they were tightening restrictions and appointing government representatives to oversee the companies. Wynn Resorts Ltd. plunged 18% over the five days for its worst week since June 2020, while Las Vegas Sands&hellip;

Finance ・ 17 September 2021

Bloomberg

Casino Stocks (WYNN, LVS, MGM, MLCO) Tumble on China Macao Crackdown

U.S. casino firms with exposure to Macau tumbled on Wednesday, extending a slump that started in the prior session after officials in the Asian gaming hub said they would tighten restrictions on operators. Wynn Resorts Ltd. suffered its biggest two-day rout since March 2020 in New York. Las Vegas Sands Corp. dropped 1.7%, while Melco Resorts &&hellip;

Finance ・ 16 September 2021

Review Journal

G2E speakers will include CEOs from three casino companies

The Global Gaming Expo, one of the city's most important conventions, is just three weeks away and the show's organizers have rolled out an impressive list of speakers. The expo also will be tasked with how to best address the challenges of keeping attendees safe during a pandemic. One of the highlights of the show at The Venetian Expo and The&hellip;

Covid ・ 12 September 2021

Mint

Covid-19 has China’s gambling hub on a long losing streak

Business remains muted in the once-bustling casinos of Macau more than a year and a half into the Covid-19 pandemic, while gambling operators wait for tourists to return en masse to the Chinese city. In August, gross gambling revenue in Macau slumped to the equivalent of $554 million, its lowest monthly total this year and a far cry from the $3&hellip;

Covid ・ 01 September 2021

Yogonet

Chicago not attracting major operators for casino project despite extended RFP deadline

hicago is committed to opening its first casino, but one essential requirement to turn the project into reality seems to be missing: interest from major gaming companies willing to launch operations in the city. Originally, bidders had until August 23 to submit a proposal to develop the long-awaited casino. This later changed once Chicago Mayor&hellip;

Travel ・ 26 August 2021

Illinois News Online

Big Vegas game operators refuse to bet on Chicago casinos

The probability that a Chicago casino will actually be built depends on whether major game operators want to bet on coming to Chicago. It must have been the week when the long-awaited Chicago Casino Project was finally launched. Monday was the first deadline to submit a proposal to develop a proud project, but the city postponed the deadline to the&hellip;

Travel ・ 26 August 2021

Review Journal

Chicago’s casino resort plan thwarted by high tax rate, abundant competition

If everything had gone according to plan, we would all be buzzing this week about which company would have the best opportunity to build a casino resort in Chicago. But it hasn't gone according to plan. When Chicago started hearing crickets in response to its request for proposals, the city's leadership hit the brakes and pushed back the deadline&hellip;

Travel ・ 22 August 2021

Times Of Casino

US Casino Gaming Market to Grow by $11.42B During 2021-2025

The online casino sector is flourishing, and the latest report by Reportlinker.com shows it too. As per the report, the "Casino Gaming Market in the United States" will grow by 11.42 billion dollars during 2021-2025. If the numbers stay true, it will mean a growth of 4% in the five-year period. Reportlinker is known to provide market size and&hellip;

Industry ・ 13 August 2021

WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated&hellip;

Top and Best ・ 27 July 2021

Virtual Strategy

Analyzing Growth in the Casinos & Gaming Industry

NEW YORK, July 12, 2021 /PRNewswire/ - Set to grow by USD 11.42 billion during 2021-2025, Technavio's latest market research report estimates the casino gaming market in the US to register a CAGR of almost 4%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and&hellip;

Industry ・ 13 July 2021

Review Journal

Chicago casino resort about to enter ‘request for proposals’ stage

It shouldn't be long before Chicago unveils its request for proposals to build a casino resort in the nation's third-largest metropolitan area. It was in early March that Chicago Mayor Lori Lightfoot announced that an RFP is coming for a single resort that is expected to include hotel, dining, entertainment and convention amenities. Several&hellip;

Travel ・ 07 July 2021

Review Journal

Chicago planning to add casino

Chicago wants a slice of Las Vegas for its metropolis. City officials next month plan to issue a request for proposals to build a casino resort that would attract thousands of people to the nation's third-largest metropolitan area. Chicago Mayor Lori Lightfoot said she is hopeful that some of the casino companies responding to the RFP will have Las&hellip;

Travel ・ 04 July 2021

WFMZ News

WynnBET Unveils Details Of New Blue Wire Podcasting Studio At Wynn Las Vegas

LAS VEGAS, June 29, 2021 /PRNewswire/ -- WynnBET, the premier mobile sports betting app from the global leader in luxury hospitality, Wynn Resorts, unveiled on Tuesday details of the Blue Wire podcasting studio currently under construction at Wynn Las Vegas. The 1700-square-foot, state-of-the-art space is set to kick off operations in August ahead&hellip;

Sports ・ 29 June 2021

Review Journal

COVID-19 casino restrictions will come to an end after three-day weekend

The Nevada Gaming Control Board made it official Wednesday: All restrictions related to COVID-19 mitigation protocols in casinos come to an end when the clock strikes midnight at the end of Monday. In a notice to gaming licensees, Gaming Control Board Chairman Brin Gibson said, "Each licensee shall comply with its respective county's general&hellip;

Covid ・ 27 May 2021

PR Newswire

Novel Online Gambling Options Begin to Reach Consumers

Mobile ・ 24 May 2021

Nevada Appeal

3 Vegas casinos fully opening after 80% worker vaccinations

People walk along a pedestrian bridge near the Wynn Las Vegas hotel-casino on Sept. 17. (Photo: John Locher/AP, file) LAS VEGAS - Some Las Vegas Strip casinos have been allowed to open at 100% capacity, officials said Tuesday, after showing Nevada state regulators that at least 80% of their employees have received at least one shot of coronavirus&hellip;

Covid ・ 20 May 2021

Film Daily

What is the future of Casinos in Japan?

Japan is not a country like the others. It is especially not the same since the end of the Second World War. After the war, the Japanese legislation prohibited gambling on Japanese territory. This even though the Japanese are big gamblers. However, the first casinos could be built in the next five to six years, as Japanese MPs recently passed a law&hellip;

Travel ・ 10 May 2021

Review Journal

Pay gap widens between casino CEOs, average casino workers

The pay gap between Nevada casino companies' average workers and their CEOs is growing wider. The pay ratio between chief executives and median employees increased at four of the six largest public Nevada-based casino operators during the pandemic. CEOs' total compensation came in anywhere from 66 to 591 times that of a median employee in the&hellip;

Travel ・ 07 May 2021

Nevada Appeal

Experts see optimism in Virgin Hotels opening in Las Vegas

Virgin Hotels Las Vegas is illuminated March 24 in Las Vegas. Opening a new casino resort during a pandemic isn't ideal, but Virgin Hotels Las Vegas may have found a sweet spot with the timing of its launch. (Benjamin Hager/Las Vegas Review-Journal via AP) LAS VEGAS - Opening a new casino resort during a pandemic isn't ideal, but Virgin Hotels Las&hellip;

Covid ・ 07 May 2021

Review Journal

April gross gaming revenues pick up steam in Macao

As a major holiday period wraps up Wednesday in Macao, gross gaming revenue for the area has picked up steam. Macao's Gaming Inspection and Coordination Bureau reported Saturday that the region's casinos collected $1.05 billion (U.S.) in April compared with $94.3 million (U.S.) in April 2020, a 1014.4 percent increase. It was the highest monthly&hellip;

Finance ・ 07 May 2021

PR Newswire

A Growing Acceptance of Online Gambling is Visible Across the Board

FinancialBuzz.com News Commentary NEW YORK, April 8, 2021 /PRNewswire/ -- The shift to a more favorable attitude towards online gambling services is visible across the board. For example, earlier in October, WynnBET, the digital gaming division of Wynn Resorts Ltd. that is responsible for Wynn's mobile sportsbook and casino app, announced a&hellip;

Sports ・ 13 April 2021

Review Journal

Las Vegas hotel-casinos strive to gauge visitor demand

When one door closes, another opens. Las Vegas casino operators seem to be taking that adage to heart this month. Last week, Caesars Entertainment Corp. announced that it would reopen its fifth casino, Bally's, this month. Meanwhile, Las Vegas Sands Corp. is set to close its Palazzo hotel tower on weekdays, limiting its available rooms for the&hellip;

Land-based ・ 06 February 2021

Review Journal

Macao has lowest monthly gaming revenue in history in June

Macao endured its lowest monthly gaming revenue and worst percentage decline from the previous year in its history in June as effects of the coronavirus continue to affect the world's largest gambling market. Macao's Gaming Inspection and Coordination Bureau on Wednesday announced that June's $89.7 million (U.S.) in casino revenue represented a new&hellip;

Finance ・ 04 February 2021

Review Journal

Las Vegas casinos modifying smoking policies amid coronavirus

Las Vegas casinos are modifying their smoking policies amid the pandemic. On June 18, Las Vegas Sands Corp. updated its health and safety plan to ask table game players and spectators to refrain from smoking or vaping. Spokesman Keith Salwoski said the change was made when the company announced face coverings would be required at table and card&hellip;

Land-based ・ 19 January 2021

Review Journal

Local hits $100K jackpot at Rampart Casino

The local Culinary and Bartenders unions are requiring Wynn Resorts Ltd. to schedule 40-hour work weeks for its full-time employees in Las Vegas, a move the company said will lead to layoffs. The consensus of business leaders on Gov. Steve Sisolak's decision to extend the statewide pause to Jan. 15 in an effort to slow the spread of the coronavirus&hellip;

Winnings ・ 19 January 2021

Review Journal

Wynn Rewards loyalty program coming to Las Vegas next week

Wynn Resorts Ltd. will roll out its rebranded loyalty club to Las Vegas next week, the company announced Monday. Wynn Rewards will debut Dec. 21, replacing the company's existing Red Card loyalty program. The program launched at Encore Boston Harbor earlier this year. Existing Red Card holders will automatically be enrolled in Wynn Rewards. The&hellip;

Travel ・ 19 January 2021