#Wynn Resorts

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Sands Among Casinos Receiving Tentative Renewals in Macau

Las Vegas Sands, Wynn Resorts, MGM Resort and three Chinese companies have their casino licenses renewed in Macau. The government expects them to invest more in non-gambling attractions in the region. Macao is one of the world's most tourism-dependent economies. Chinese president Xi Jinping wants the economy to diversify and become less reliant on gambling. In 2013, Macaese annual revenue from slot machines, dice tables and more hit $45 billion.
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Sands Among Casinos Receiving Tentative Renewals in Macau
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's gaming revenue in November was $374.4 million, a 55.6 percent decline from November 2021. The region's 39 casinos made less money than they did a year earlier in February. Macao is handicapped by travel restrictions and border closures imposed to stop the spread of COVID-19. Las Vegas companies that have operations in Macau are pleased with the fact that their licensees received provisional concessions to continue operating in the Chinese enclave for the next 10 years.
Covid
Disappointing gaming revenue in Macao continues to saddle Las Vegas company-owned operations in the Chinese region as a result of COVID-19 restrictions.
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CDC Gaming Reports CDC Gaming Reports 23 days
@CDCNewswire

Wynn Resorts third quarter “impressive” and “encouraging”

CDC Gaming Reports CDC Gaming Reports 26 days
@CDCNewswire

Why has Tilman Fertitta bought so much Wynn Resorts stock?

CasinoBeats CasinoBeats 1 day
@casinobeatsnews

The purchase of the land and real estate assets of @EncoreResortBH from Wynn Resorts to @RealtyIncome has been confirmed.

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Top 5 Largest Casino Operators in Canada

The top 5 casinos in Canada generate billions of dollars in revenue each year. Operators in the country must obtain a Canadian government license to operate the best gambling websites with the most no deposit casino bonus offers.
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Top 5 Largest Casino Operators in Canada
AP News

Macao awards casino licenses to MGM, Sands, Wynn, 3 others

Macao has tentatively renewed the casino licenses of MGM Resorts, Las Vegas Sands, Wynn Resort and three Chinese rivals. The applicants promised to help diversify the economy by investing in non-gambling attractions. A seventh bidder, Genting Group of Malaysia, received no license. Macao's economy has shrunk since anti-virus restrictions were imposed in 2020. The decision to allow in foreign-owned casinos in 2002 brought a flood of money to Macau. It's under pressure from Chinese President Xi Jinping’s government to diversifying with retailing, entertainment and other industries.
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Macao awards casino licenses to MGM, Sands, Wynn, 3 others
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The New York Times

Related Companies and Wynn to Bid for New Casino in Midtown Manhattan

The mayor, governor, local officials, borough president, Assembly member and local state senator will have a representative on the committee. The gaming commission will decide on where the casinos will be located. New York City officials and developers have debated what to build in Hudson Yards. The site became the centerpiece to the city’s bid for the Olympics. If a casino were built, it would open at a time of more transformation in the neighborhood. Other casino and real estate companies are eyeing sites throughout the New Year's Eve. One of them is Thor Equities, a real-estate firm interested in building a casinos on Coney Island in Brooklyn.
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CNBC

Casino stocks take a hit as inflation rocks economy

The American Gaming Association reports that the industry posted $4.99 billion in revenue in April. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally's has dropped 40%, and Penn National Gaming and MGM Resorts are down nearly 19%. On earnings calls in May, casino executives denied seeing any slowdown in customer spending. Derek Stevens, owner of three downtown Las Vegas properties, says the impact from inflation is real.
Finance
Propmodo

Do Casinos and Big Cities Mix? Some Major Real Estate Developers Think So

There are seven new casino licenses for New York state. Two of them have already been awarded. The third one is up for grabs. Developers are bidding for it. Some critics think it's a bad idea.  Resorts Worlds New. York in Queens and Empire City Casino in Yonkers are expected to get the last two. They are limited to horse racing and video slot machines. New Yorkers are not keen on casinos in big cities.
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Do Casinos and Big Cities Mix? Some Major Real Estate Developers Think So
The New York Times

If New York City Gets Las Vegas-Style Casinos, What Else Will It Get?

New York City could get a new Las Vegas-style casino. The state lawmakers approved up to three casinos in the New York area in April. New Yorkers and tourists visit the city every year. A new casino in NewYork could transform the national gambling landscape. However, the economic benefits of casinos fade over time. The Encore Boston Harbor casino opened in June 2019. It was one of the first Las Las-Vegas-like resort casinos built in a major urban area. In Massachusetts, a Wynn Resorts casino was approved and opened near Boston. Last year, Resort World had the most gambling revenue of any casino property outside Nevada.
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The Street

Surprising Las Vegas Strip Casino Getting Major Makeover

The Las Vegas comeback continues. Caesars is redoing its Ballys property under its Horseshoe Brand, MGM has purchased the Cosmopolitan, and Hard Rock International bought the Mirage. Resorts World International opened on the North Strip and the long-delayed Fontainebleau has been put back on track for a late-2023 opening. Wynn Resort - Get Free Report signature property will get a massive renovation.
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The Street

Huge Las Vegas Strip Casino Project Moves Forward

The North Strip is getting closer to opening. Fontainebleau Development has shared the first details of the unique luxury retail shops that will be located inside the resort casino. The project started nearly 20 years ago and went through multiple owners before falling back into the hands of original owners. It will have a "unique integrated design" to create a shopping district spanning 90,000 square feet and featuring about 35 luxury stores on two levels. The resort is expected to open in late-2023. iReport.com will share more information about the Fontainbleu development.
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The Street

Iconic Las Vegas Casino Getting Huge Makeover

The times are changing in Las Vegas as more casinos are being built or upgraded. Caesars, Get Free Report and MGM are currently undergoing renovations. Circus Circus is also getting an update. Plaza Hotel & Casino is undergoing changes. The Strip is expanding as world class attractions are built on the North Strip and Circa on Fremont St.
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The Street

Unique New Las Vegas Strip Casino Faces a Problem

Fontainebleau, a new Las Vegas Strip resort/casino, broke ground nearly 20 years ago. The project has passed through multiple owners and seen construction stop and start multiple times. Now, after almost two decades, it seems on track for a late-2023 opening under the original developer. The development of a resort on the Las Las Vegas Strip is complicated and expensive.
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Times Union

Saratoga Casino, Yankees owners, Cowboys, Chickasaw tribe NYC casino license

Saratoga Casino and Raceway is joining forces with a real estate investment group, a Native American tribe and an affiliate of the Yankees baseball team to pursue a license to open a casino in New York City. The group is among a growing number of competitors vying for the three licenses in or around the city. Other potential bidders are looking to build casinos in Times Square, at Willets Point in Queens, Staten Island and the Hudson Yards section of Manhattan. The actual application process begins on Jan. 6. State Gaming Commission could start awarding licenses for three casinos by 2023.
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Saratoga Casino, Yankees owners, Cowboys, Chickasaw tribe NYC casino license
The Street

New Move Continues North Las Vegas Strip Casino Resurgence

The North Las Vegas Strip used to be a wasteland, but now it's a vibrant area with two major casinos and another planned. New site has gone on the market that could further help the area's transformation. The Strat, formerly The. Stratosphere, used be the only property on The Strip, which was dominated by Caesars Entertainment (CZR) and MGM Resorts International (MGM) - Get Free Report.
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The Street

A New Type of Casino Coming to Las Vegas

The biggest casino operators in Las Vegas go broad intentionally to attract tourists and businesspeople to their properties. Now a smaller casino operator has plans to go after a more specific audience.  
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Shared

How Do Casinos Continue Operations When They Lose Money to Gamblers?

A paper asks how casinos stay in business when they lose money to advantage gamblers. It asks if even a tiny percentage of these people are successful. It also asks why casinos continue to operate when losing money. The paper is called How Do Casinos Continue Operations When They Lose Money to Gamblers?
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How Do Casinos Continue Operations When They Lose Money to Gamblers?
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Casino Guru

Macau concessionaires receive casino license extension

All concessionaires in Macau have been granted a license extension. The new conditions include focusing on tourism as well as gambling. Genting Group Malaysia was the only one to bid for one of the licenses. It was not enough to convince the government to back the group. The concessionaire may invest as much as $12.5bn together to help Macao transition to a more non-gaming-aligned economy. Revenue from dice tables, slot machines and games hit an all-time high of $45bn in 2013 but it came down during the pandemic in 2020 with just $7.6bn.
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Macau concessionaires receive casino license extension
The Motley Fool

Casino Stocks Got Good News, but Investors Remain Wary

The stock market started the week on the wrong foot. The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all dropped about 1.5%. Casino stocks have been hit hard over the past three years due to the ongoing impact of the COVID-19 pandemic. Over the weekend, many major casino resort companies got good news from a key governmental regulator.
Finance
Casino Stocks Got Good News, but Investors Remain Wary
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CoStar

Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals

In the past two years, there has been a flurry of hotel investment activity in the Las Vegas market. The total hotel sales volume for the last two year is nearly $16.8 billion. Luxury resort hotels have become a favorite of guests and investors alike. Some of the smaller hotel trades may be overlooked but will likely factor into major property changes in Las Las. The Travelodge Las Vegas Center Strip was sold for $141.5 million in June. Tillman Fertitta, owner of Houston Rockets and Landry's restaurant, bought the hotel and a trio of neighboring commercial properties for a combined $270 million. He also owns the Golden Nugget casino in downtown Las Nevada and recently became one of major shareholders in Wynn Resorts.
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Changes in the Cards for Iconic Las Vegas Strip After Big Hotel-Casino Deals
Times Square Chronicles

Times Square May Finally Get a Casino

There is talk of a potential casino in Times Square. Gambling is legal in New York from 2023. Several companies are vying to be the first mover.
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Times Square May Finally Get a Casino
The Street

Las Vegas Strip Adds Unique Hollywood-Style Experience

Las Vegas is making a comeback after the pandemic. The city is investing in sports franchises for professional baseball and basketball teams. The NCAA Final Four is coming to the city in 2028. Caesar's Entertainment, MGM Resorts International and Wynn Resort are expressing confidence about the current state of business and forecasts for the future.
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The Nevada Independent

Increased energy costs cut into Nevada casino company profits in Q3

Caesars Entertainment's third-quarter cash flow from Las Vegas casinos was $480 million. The company's energy costs rose by about $100 million in July, August and September. Meruelo Gaming Group's two casinos are paying higher energy prices. Sahara buys its power outside of NV Energy. Grand Sierra Resort in Reno saw a jump in rates during the third quarter. The 704B law was created in 2001 to allow businesses with a large electric load to leave NV energy's electric service and purchase power from another provider. Some operators took part in the 703B process.
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Increased energy costs cut into Nevada casino company profits in Q3
The New York Times

Coney Island Has a Bit of Everything. Does It Need a Casino?

Joseph J. Sitt, Coney Island landlord, wants to build a beachfront casino. He will announce a proposal on Tuesday in partnership with Saratoga Casino Holdings and the Chickasaw Nation to try to secure one of up to three new casino licenses aimed at the New York City region.
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Coney Island Has a Bit of Everything. Does It Need a Casino?
The Street

Forget Covid, the Las Vegas Strip Faces a Growing Health Crisis

On March 17, 2020, Nevada closed all non-essential businesses in Nevada due to the coronavirus scare. Caesar's Entertainment, MGM Resorts International, and Wynn Resort were among the businesses affected. Lady Gaga canceled her "Enigma" performance, Penn & Teller closed shop, David Copperfield went dark. Jonas Brothers, Rod Stewart, Cirque du Soleil, the Academy of Country Music Awards were also affected by the pandemic. People started to travel again after the availability of vaccines. Las Vegas has mostly recovered.
Covid
Forget Covid, the Las Vegas Strip Faces a Growing Health Crisis
Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

Macau daily revenue for the week ending November 13 was 37% higher than the first six days of November. The increase is probably due to mass testing for COVID ended on November 5. GGR remains at about 14% of the 2019 pre-pandemic level. Jefferies' top global picks in the casino sector are MGM Resorts International (MGM) and Churchill Downs (CHDN). Jeffery prefers Galaxy and Sands China. Macau casino stocks are Wynn Resort (WYNN), Wynnl (LVS), Las Vegas Sands (SAS), MGM China (OTCPK:MCHVF) (OWK), SJM Holdings (OTCK)
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iNtergame

Wynn’s UAE casino set for 2026

Wynn Resorts was granted permission to build a resort "with gaming" in January. This week, Wynn CEO Craig Billings confirmed the casino. It will be operating on its own and will probably be bigger than Wynna Las Vegas.
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Gambling

Texan Tilman Fertitta Building Las Vegas Casino

Tilman Fertitta has been approved to build a 43-story hotel-casino on the Las Vegas Strip. A tattoo parlor and a motel are being demolished at the 6-acre site. The resort will have 2,420 rooms, a lounge for high rollers, convention space, wedding chapel and theater seating 2.500 people.
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Texan Tilman Fertitta Building Las Vegas Casino
Alarabiya News

Wynn Resorts to open Gulf Arab region’s first casino in UAE’s Ras Al Khaimah

Wynn Resorts will open a casino at the luxury resort it is building in the United Arab Emirates in 2026. It is a first for the Gulf Arab region, where gambling has long been off-limits. The resort was licensed for gaming without specifying gambling. There is renewed talk of casinos being introduced in other UAE emirates. In Dubai, Caesars Palace has a resort without a Casino and MGM Resort International is also building a new resort.
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Wynn Resorts to open Gulf Arab region’s first casino in UAE’s Ras Al Khaimah
Yogonet

Wynn Resorts' UAE casino to be "larger than Wynn Las Vegas"

Wynn Resorts is planning to open a casino in the United Arab Emirates. The resort will be located on a man-made island off the coast of Ras Al Khaimah and is expected to be open in 2026. It will cost $2 billion and feature 18,500 square meters of gambling space. The casino will operate on its own. According to the Q3 earnings call, Wynn is focusing on the project. Billings said it has a very high return opportunity for the company. He also said 95% of the world's population will live within an eight-hour flight of a WynN Resort property.
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Wynn Resorts' UAE casino to be "larger than Wynn Las Vegas"
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Wynn Resort Ras Al Khaimah plans "a bigger casino" than original in Las Vegas

Wynn Resort Ras Al Khaimah will be the brand's first property in the Middle East and will open in 2026. It will feature more than 1,000 rooms, world-class shopping, state-of-the-art meeting and convention facility, exclusive spa, more more restaurants and lounges, extensive entertainment choices and a licensed gaming area.
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Wynn Resort Ras Al Khaimah plans "a bigger casino" than original in Las Vegas
Review Journal

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

Tilman Fertitta demolished a Travelodge on Las Vegas Boulevard. He bought the motel in June for $270 million. The Clark County Commission approved his plans for a 43-story, 2,420-room hotel-casino. His representative said there are no updates on the demolition plans. He owns a variety of businesses, including Golden Nugget casinos, the NBA's Houston Rockets and the upscale Post Oak Hotel in Houston. According to a recent securities filing, he acquired 6.9 million shares in Wynn Resorts Ltd.
Land-based
Tilman Fertitta starts demolition for Las Vegas Strip hotel-casino project
Portland Press Herald

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

Macao wants to diversify its economy away from gambling. It wants the American casino giants to help build theme parks and other attractions. The territory is under pressure from Chinese President Xi Jinping’s government to rely less on its dominant industry. Macao is facing competition from casinos in Singapore, Malaysia and Cambodia. The relations between China and the U.S. are strained. Other companies have been hit by retaliation for U.,S., tariff hikes. But Macoa casinos haven't been targeted. Financial analysts expect MGM, Sands and Wynn to be approved for licenses.
Covid
With casinos struggling, ‘Las Vegas of Asia’ looks to reduce reliance on gambling
Albany Herald

New Las Vegas Strip Casino Reinvents a Sin City Staple

The covid pandemic stopped Las Vegas' growing momentum in its tracks. Resorts World Las Las Vegas opened on June 24, 2021. The city had just added the former Oakland Raiders and a number of new casino projects were in the works. The pre-pandemic period had hints those days were becoming a thing of the past.
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New Las Vegas Strip Casino Reinvents a Sin City Staple
Seeking Alpha

Wynn Resorts, Las Vegas Sands lead rally in Macau casino stocks on reopening hopes

Macau gross gaming revenue fell 10.7% in October to $3.9B patacas. October GGR was up 31.6% on a month-on-month comparison. Year-to-date gross revenue is down 50.5% to 35. 7B pacas through October 31, but residents of mainland China will now be allowed to visit Macau using an online visa system. Maca casino stocks rallied in early trading on Tuesday.
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Vegas Slots Online

Casino Tycoon Tilman Fertitta Buys 6% of Wynn Resorts

Tilman Fertitta bought 6.9 million shares in Wynn Resorts on October 19. He is the second biggest individual investor in the Las Vegas-based company. Elaine Wynns owns 9% of the company, which has increased by 16% since the news of FERTITA's acquisition.
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Casino Tycoon Tilman Fertitta Buys 6% of Wynn Resorts
The Street

Controversial Las Vegas Casino Operator Plans Huge Expansion

Las Vegas has become more than the Las Vegas Strip. New players have built downtown Las Las Vegans and other parts of the city into tourist draws. Circa has shown that you can bring a Strip-like destination to Fremont Street and attract upscale patrons. Dream Resort has begun construction near the airport, while Penn Entertainment has released plans to build a huge expansion of its M Resort.
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The Street

This Could Change the Las Vegas Strip Forever (In a Good Way)

There is a scarcity of land on the Las Vegas Strip. Caesars Entertainment, MGM Resorts International, Wynn Resort International and others offer a lot of properties. Las Las has come out of the financial crisis stronger than ever before. Two gaming industry experts share a bold idea that could change the Vegas strip forever.
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T.H.E.- Music Essentials

The Largest Gambling Enterprises

The pandemic affected a lot of business enterprises. The market capitalization of some companies went down. Now, with the mass vaccination, the gambling industry is booming.
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Rockdale Newton Citizen

Las Vegas Strip Casino Workers Seek to Ban a Popular Bad Habit

Some casino workers want to ban gambling in Las Vegas. Sin City caters to every vice. It's a place where you can drink to excess, eat until you're full and sleep until noon. Prostitution is legal outside the city's limits. Cannabis has been legalized for recreational use and consumption lounges are opening soon.
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Las Vegas Strip Casino Workers Seek to Ban a Popular Bad Habit
The Street

Forget Monkeypox: Las Vegas Strip Has a 'Tripledemic' Problem

Some parts of Las Vegas Strip remain vulnerable to a new health crisis. Most companies pulled out of the Consumer Electronics Show because of a possible outbreak of covid. Health officials warn of influenza, covids and RSV. The risk of people staying away from Sin City because they believe they are at risk for infection is high. There is no vaccine for RSv. The current flu season is expected to be difficult. It's a concern about bad timing. "Any one of these things can put a lot of stress on our ERs," says a professor. He's talking about the triple-fection.
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Forget Monkeypox: Las Vegas Strip Has a 'Tripledemic' Problem
The Nevada Independent

September gaming revenue steers Nevada casinos toward another record-breaking year

Nevada casinos collected almost $1.25 billion in gaming revenue during September. Las Vegas Strip casinos recorded nearly $693 million in September gaming revenues. The state’s gaming industry is on track to shatter 2021”s single-year total of $13.4 billion. The Strip accounts for more than 55 percent of the state's overall gaming Revenue. Caesars Entertainment, MGM Resorts International and Wynn Resort will report their quarterly earnings next week. Clark County collected more $1000 million for the 12th time in the last 19 months.
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September gaming revenue steers Nevada casinos toward another record-breaking year
Henry Herald

Huge Las Vegas Strip Casino Deal Looks Dead

There is a lot of activity on the Las Vegas Strip. Newcomers like Hard Rock International want to get a piece of the action. Tillman Fertitta bought a land on Las Las Boulevard and plans to build an upscale resort casino there. The deal between Caesars Entertainment and MGM Resorts International fell through.
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Huge Las Vegas Strip Casino Deal Looks Dead
The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Caesars Entertainment announced a partnership with SL Green Realty Corp. on a venture to develop Caesers Palace Times Square. Caeres Entertainment CEO Tom Reeg had previously said it was unlikely the company would enter the New York casino market. The RFP process for the casino will start in early 2023. New Yorkers approved a bill to provide for three downstate gaming licenses in 2013. Lawmakers touted union jobs, increased tourism and tax revenue. It was also set aside to give a casino license to SL. Green CEO Mark Holliday said there wasn't much to be revealed until New york releases the request for proposal (RFP) for a new casino.
Covid
Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea
US Bets

New York Casino Board Adds Members As New Proposal Emerges

Staten Island Borough President Vito Fossella is the latest official to make a pitch for one of the three downstate casino licenses that will be under consideration by the New York State Gaming Commission. Two racinos at Yonkers and Aqueduct are considered likely to receive the license.
Gaming Authorities
Trip Pub

Caesars bid for a Times Square casino rattles Broadway

Caesars wants to build a casino in Times Square. Broadway League is opposed to it. The proposal is one of many vying for a downstate casino license. State Sen. Brad Hoylman is skeptical about the proposal. He thinks casinos prey on the vulnerable and have an impact on traffic. SL Green CEO Marc Holliday hopes the casino bid could be fast-tracked. State Senator Joseph Addabo says two of the three licenses will go to existing gambling operators. Resorts World Casino in Queens and Empire City Casino, Westchester are currently only allowed to offer slot machines and racing betting. With full casino licenses, they could also run table games like poker and blackjack.
New Year
Caesars bid for a Times Square casino rattles Broadway
Review Journal

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

Derek Stevens and Craig Billings are celebrating Las Vegas success. They are also aware of future issues that could dent the industry. American Gaming Association President and CEO Bill Miller gave a state-of-the-industry address. He encouraged the gaming industry to embrace the digital future and focus more on responsible gaming. The biggest issue facing the game industry is illegal operation of unlicensed websites and gaming machines. $300 billion is bet annually on illegal games.
Industry
Gaming industry CEOs wary of future issues while celebrating Las Vegas success
The Nevada Independent

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Nevada had three online poker sites in 2014, but only one recorded a monthly revenue exceeding $1 million. Caesars and MGM are among the largest online operators in the U.S. and offer World Series of Poker tickets online. The company BetMGM is not planning to bring online gaming to Nevada. The state's gaming industry is reluctant to legalize online casino gaming. Red Rock Casinos opposed any online regulation expansion. Last year, the Nevada Gaming Control Board postponed a workshop hearing to discuss potential regulatory changes. It was never rescheduled.
Industry
The Street

Move Over Las Vegas Strip, Fremont St. Adding a Bold New Casino

Circa is a new resort casino on Fremont Street in downtown Las Vegas. The area has a rougher reputation than the Las Las Vegas Strip. It's a contrast to the Strip, which is known for its glitz and glamour. The new casino will be the latest development on the downtown area. There are many casinos and entertainment venues on LasVegasy Strip now.
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The Motley Fool

Why Las Vegas Sands Stock Jumped Higher Earlier Today

Las Vegas Sands shares are up 12.4% as of 1:05 p.m. ET on Monday. The increase follows positive news about the return of tourism in China's Macau Special Administrative Region. Wynn Resorts is up 12% at the time of writing.
Travel
Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Macao travel restrictions continue to hurt Las Vegas Sands. Singapore revenues are up. New York is considering a proposal involving Mets owner Steven Cohen for a casino near Citi Field. There are also other potential bidders for the New Year's Eve slot machines. Las Las Sands shares fell 25 cents. The company has not commented on the proposal. It is traded on New Zealand Stock Exchange. They fell 0.25 cents on Wednesday. Their shares closed at 25.50 cents, 0 a cent. In the third quarter, Las Nevada Sands reported a net loss of $239 million, 31 cents a share.
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Casino.org

Top 5 Richest Casino Owners In The US

The richest people at casinos are usually the casino owners themselves. Some of them are some of the wealthiest people in the States and own multiple resorts worth billions of dollars. They are ambitious and have built a reputation as some the best businessmen and businesswomen in America.
Top and Best
Action Network

Caesars Makes Bid for Times Square Casino in New York

Caesars Entertainment and SL Green Realty Corp. announced a partnership bid to launch a casino in Times Square, New York. It would be one of three downstate casinos sanctioned by the 2022 budget signed by Gov. Kathy Hochul in April.
Sports
Caesars Makes Bid for Times Square Casino in New York
Gambling

Major Casinos Compete For Manhattan License

Major gaming operators are vying to open resorts in New York City. Caesars Entertainment is the latest to seek one of three downstate casino licenses. SL Green Realty Corp. is teaming with Caeres to redevelop the property at 1515 Broadway into a major casino and theater for "The Lion King" stage production. Wynn Resorts is partnering with Related Companies to apply for a license for resort in Manhattan’s Hudson Yards.
Gaming Authorities
Major Casinos Compete For Manhattan License
Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao's gaming revenue has declined dramatically in the last two years due to strict Chinese health and safety policies. Grand Lisboa resort in Macao was locked down because of a cluster of positive COVID-19 cases. The decline in revenue in this market has resulted in some gaming analysts downgrading the stocks of American companies operating in it. Las Vegas gaming numbers have improved since casinos reopened, but Macoa's haven't. J.P. Morgan analyst doesn't expect any meaningful recovery in Macau until next year.
Covid
AMNY

Real estate and gaming giants eye new casino in Times Square

SL Green and Caesars Entertainment have announced a joint bid for a license to build a casino in Times Square. If selected, the proposed gaming hall atop SL Green’s skyscraper at 1515 Broadway would be the only casino on Manhattan's nexus. The state authorized three new casino licenses for the New York City area earlier this year. Investors looking to get into legal gambling in the Big Apple have spent lavishly on political contributions and lobbying. Successful bidders will have to pay $500 million to the state in licensing fees. Resorts World and Empire City are seeking licenses to convert their existing facilities into full-fledged casinos with dealer-mediated table games.
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Review Journal

Wynn Resorts led Massachusetts’ casino market share in July

Wynn Resorts Ltd. commanded 66 percent share of the Massachusetts casino market in July. Gross gaming revenue was $98.7 million from the state's three casinos. Encore Boston Harbor won $64. 7 million, MGM Springfield collected $21.5 million and Plainridge Park Casino won 13 million. Massachusetts has collected an estimated $1.2 billion in total taxes and assessments from PPC, GMC and EnCore since the respective openings of each casino. Sports betting is expected to generate more revenue late this year or early next year.
Travel
Wynn Resorts led Massachusetts’ casino market share in July
The Street

New Las Vegas Strip Casino Offers Something Caesars, MGM Don't

Resorts World Las Vegas wants to change the focus of the Las Las Vegas Strip. Caesars Entertainment and MGM Resorts dominate the area. Wynn Resort is the last outpost on the north side of Las LV. The new resort is not far from Circus Circus and the new Fontainebleau. It has a lot of bells and whistles, but it's not enough to entice people to visit it.
Land-based
New Las Vegas Strip Casino Offers Something Caesars, MGM Don't
Sigma

Caesars partners with SL Green for Times Square casino

Caesars Entertainment and SL Green Realty Corp. are planning to build a casino in Times Square. The project will be 100 percent privately funded. It will include a Broadway Theater for The Lion King. The New York Gaming Commission approved the appointment of the first three members of a board that will oversee the process for the three casino licenses in the downstate region. Each license will cost at least $500 million.
Industry
Caesars partners with SL Green for Times Square casino
New York Post

Hochul accused of rigging NY casino license plan in favor of politically-connected slot parlors

Critics say the language in the budget language favors the racinos. The racino owners have political benefactors pushing their case for a full casino license. Hochul's office insists she wasn't rigging the bidding process. The bidding and selection process for the new casino licenses will be made by a state-siting board overseen by the Hachul-controlled state Gaming Commission. Genting-NY is in a district of Senate Racing, Gaming and Wagering Committee chairman Joseph Addabbo. Add abbo claims credit for having Hchul insert language into thebudget to aid the Aqueduct slots parlor.
Politics
Hochul accused of rigging NY casino license plan in favor of politically-connected slot parlors
Vegas Inc

Safety, security remain top priorities, Las Vegas resort executives say at conference

Safety and security are top priorities for resort operators, they say. Craig Billings, CEO of Wynn Resorts, said it's hard to find a safer location than the Las Vegas Strip. Derek Stevens, co-owner of The D, Circa and Golden Gate casinos, praised Metro Police for working with casino operators to provide a safe environment for visitors. Last week, two people died and eight were stabbed on the Strip, near where Stevens spoke. The incident happened in broad daylight. On Oct. 1, Las Las marked the five-year anniversary of the 2017 shooting at a music festival along the strip that left 60 people dead and more than 800 injured.
Travel
Safety, security remain top priorities, Las Vegas resort executives say at conference
Yogonet

G2E is back in Las Vegas with a stacked lineup of exhibitors and the ambition to return to its pre-pandemic days

G2E is back in Las Vegas this week. The expo hall opens today with over 250 exhibitors from more than 15 business verticals. Keynotes kicked off yesterday at 4:00 PM in celebration of Indigenous People’s Day. Indian Gaming Association Chairman Ernest Stevens, Jr. led a discussion on tribes” progress since the passage of the Indian gaming regulatory act 35 years ago.
Covid
G2E is back in Las Vegas with a stacked lineup of exhibitors and the ambition to return to its pre-pandemic days
Review Journal

Global Gaming Expo returns to Las Vegas with supermarket of new casino toys, ideas

Global Gaming Expo returns to Las Vegas this week. More than 18,000 attendees from more than 105 countries are expected. London-based IGT will have the largest booth at 19,710 square feet. The expo features more more that 70 panels and educational sessions. The first G2E was held in Las Las in 2001. It's the trade show that is the prime draw. There will be sessions of relevance to all commercial casino operations and issues of importance to the more. than 500 tribal casinos in operation across the country. On Wednesday, CNBC correspondent Contessa Brewer will interview Wynn Resorts CEO Craig Billings, FanDuel CEO Amy Howe, Bally’s Corp. Chairman Soo Kim, DraftKings CEO Jason Robins and Circa CEO Derek Stevens.
Sports
Global Gaming Expo returns to Las Vegas with supermarket of new casino toys, ideas
InvestorsObserver

Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino

Developers and billionaires are lining up for the chance to operate a New York City casino. The state approved the creation of seven casinos in 2013. New Yorkers have 20 million residents and tens of millions of tourists each year. The New Yorker area already has two gambling facilities known as racinos, horse racetracks and slot machines. Genting operates the Resorts World facility at the Aqueduct Racetrack in Queens, while MGM Resort controls Empire City racino in Yonkers. State Gaming Commission announced members of the Gaming Facility Location Board, who will have 90 days to solicit proposals from casino developers interested in one of three licenses.
Land-based
Developers and Billionaires Are Lining Up for the Chance to Operate a New York City Casino
Yogonet

New York moves toward Downstate casino licenses by appointing first siting board members

New York Gaming Commission appoints first three members of the Gaming Facility Location Board. Board will intervene in the bidding process for the state's three remaining casino licenses for downstate region. Empire City Casino is considered one of favorites to get one. The board has 90 days to begin soliciting proposals from prospective developers. The licenses are expected to cost at least $500 million. They would allow racetrack casinos to expand their offerings to Las Vegas-style gaming. Resorts World New York City in Queens and Empire State Casino in Yonkers are already up and running.
Gaming Authorities
New York moves toward Downstate casino licenses by appointing first siting board members
Gothamist

NYC casino process moves ahead as key siting board gets members

NYC casino process moves ahead as key siting board gets members. The state Gaming Commission on Monday unanimously approved the first three members of the Gaming Facility Location Board. It remains unclear when the commission will appoint the last two members, which will choose the three remaining casino licenses.
Gaming Authorities
NYC casino process moves ahead as key siting board gets members
Seeking Alpha

Macau Casinos: Time To Place Your Bets

Macau's gambling revenue fell by 44% this year. The market share of Macau-based casino operators has declined. Macao's pandemic policies mirror those of Mainland China. Maca's remaining pittance comes from Chinese nationals. There are few foreigners in Macua, so it's difficult to cross the border. Melco Resorts & Entertainment is down 72%. Galaxy Entertainment has only 20% decline. It's time to place bets on Macu. iReport.com: iReporter shares. Share price of the 6 MacAus' casino companies has fallen by more than 50%.
Travel
Macau Casinos: Time To Place Your Bets
Sigma

Zacks Investment urges care on Macau casino stocks despite gains

Macau stocks surged this week after a relaxation in travel restrictions. Las Vegas Sands, Wynn Resorts and MGM Resort International are the three equities that saw a price surge. Zacks Investment recommends investors wait for more consistent positive profit forecasts before piling in. The next few months could bring a lot of surprises for investors. With the pandemic still going strong, the next months may bring surprises too.
Finance
Zacks Investment urges care on Macau casino stocks despite gains
Business Live

Casino stocks jump as Macau gets ready to welcome back Chinese tour groups

Wynn Resorts shares rose 15%, Las Vegas Sands 14%, MGM Resort International 5%. Sands China climbed more than 18%. SJM Holdings rose more more that 14%. Guangdong province will resume group tours to Macau. The policy will expand to Shanghai, Zhejiang, Jiangsu and Fujian. China will issue e-visas for people visiting Macao by early November. Macaue's tourism has been hit hard by the recent restrictions in the mainland.
Finance
CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies upgraded Las Vegas Sands and Wynn Resorts on Macao reopening. Macau government plans to allow Chinese tour groups back in the casinos as soon as November. Jefferies also lifted the price target for Las Las Sands to $50 from $40 and for Wynnn to $75 from $62. However, risks remain for the duo especially for longer-term organic growth.
Travel
Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening
Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

China is planning to reduce restrictions in Macau starting in November. Tour groups from Mainland China will be able to visit the casinos in the area for the first time in almost three years. Macao expects daily visitations of up to 40,000 people, as compared to 11,00 in August.
Finance
The Street

Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Rules

Las Vegas Sands shares are up 7.1% in pre-market trading. Wynn Resorts shares rose 5.5%. Macau, the world's largest gaming hub, will allow tour groups from mainland China for the first time in nearly three years. Macao's gaming market generated around $37 billion in annual revenues prior to the pandemic.
Covid
Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through resorts and casino gaming properties. Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resort International (NYSZ: MGM), Caesars Entertainment, Inc. ( NASDAQ : CZR), and Boyd Gaming Corporation ( NYSE: BYD) are among the prominent players in this segment. The casino segment was one of the worst-hit sectors during the COVID-19 pandemic. However, the stocks noted gains on September 21.
Finance
Kalkine Media explores five US casino stocks to watch in October
Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Sheldon G. Adelson built Las Vegas Sands from the ruins of failed casinos. He sold the entire Vegas asset base for $6.2 billion in 2021. The proceeds will be used for a third Asian IR and a bid for metro New York based mega-project. LVS clocked $12 billion revenue in pre-pandemic years. Before the 2020 pandemic, the stock was trading as high as $80. L VS is the biggest casino operator on the globe. It is planning to expand into online sports and iGaming. Its shares are trading at $8.
Travel
Las Vegas Sands: Capitulation Here Or Near
iGaming Brazil

Wynn teams up with developer to design the first 'Las Vegas-style' casino in New York

Wynn Resorts and Related Companies are teaming up to build a casino in the western half of Hudson Yards. The first part of the mixed-use development opened in 2019. Governor Kathy Hochul supports the project. New York state lawmakers approved three full-service casinos for New Yorkers in April. Wynn's project is the first publicly announced proposal for one of these licenses.
Gaming Authorities
Wynn teams up with developer to design the first 'Las Vegas-style' casino in New York
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. The government announced on Friday that six existing concessionaires submitted their bids. Genting Group, developer of resort properties in Malaysia, Singapore, New York and the operator of Resorts World Las Vegas on the Strip also submitted a bid. Macau's government will have until the end of the year to determine which companies are entitled to operate casinos for the next 10 years beginning January 1. Macaon has struggled over the past 2 1/2 years with shutdowns and restrictions, resulting from COVID-19 health and safety procedures.
Travel
Las Vegas Sands, Wynn Resorts, MGM among companies lining up for Macao license.
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. The project would have residences, office space, retail, restaurants, cultural institutions, residences and 5 acres of public plazas, gardens and groves. It would also have the world's first Equinox Hotel and a 750-seat public school. Several casino companies have expressed interest in vying for the three downstations licenses. New Yorkers approved a law in 2013 that permits seven casinos. Four already have been built in upstate NewYork.
Travel
Wynn Resorts partners with New York land developer Related Companies on casino resort license
NY1

Proposed casino at Hudson Yards would face political hurdles

The Related Companies announced earlier this week its plans to team up with casino giant Wynn Resorts to bid for one of three downstate casino licenses. The proposal to build a casino at the Hudson Yards development on Manhattan’s west side has its advantages.
Politics
Proposed casino at Hudson Yards would face political hurdles
The Real Deal

Related Partners, Wynn Resorts to Bid for Hudson Yards Casino

The casino would be located next to Javits Center on the western side of Hudson Yards. Lawmakers approved up to three full-service casinos for the New York City area in April. The state’s gambling commission has until October to create a board that will oversee the application process. The six-person advisory committee that Related and Wynn will have to win over will include representatives from Mayor, Governor, City Council, Borough President, the local Assembly member and the state senator.
Travel
Related Partners, Wynn Resorts to Bid for Hudson Yards Casino
Vegas Slots Online

Wynn, Related Bid for New Casino in Midtown Manhattan

Wynn Resorts and Related Companies are teaming up to bid for a new Las Vegas-style casino in New York City. The site was previously considered for new Jets and Yankees stadiums. Related wants the casino to spearhead the next phase of its $25bn development of the Manhattan area.
Travel
Wynn, Related Bid for New Casino in Midtown Manhattan
Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years. The advent of online gaming and the emergence of the COVID pandemic created serious challenges for the industry. However, 2022 has seen the casino's revenue rise. American gaming industry is poised for a second straight year of record revenue.
Sports
Investing In Casinos And Online Gambling: Key Things To Know
Markets Insider

The Future of Macau, Asia's Las Vegas, Hangs in the Balance

The deadline for extending gaming concessions for Macau's casino operators is today, September 14, at 5:45 p.m local time. The licenses expired on June 26. Six operators were granted a short extension until December 31. Wynn Resorts was the first to apply for a new gaming concession. Macao's gaming revenues have been falling due to China's zero-Covid policy and a shift in Chinese regulatory policy. The government is expected to announce the winners by the end of the year. It is estimated that each casino will pay 47 million MOP 47.7 million.
Travel
The Future of Macau, Asia's Las Vegas, Hangs in the Balance
The Motley Fool

Las Vegas Is the World Gambling Capital Again

Las Vegas Is the World Gambling Capital Again. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more.
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Las Vegas Is the World Gambling Capital Again
World Casino News

Macau licensing move for Wynn Macau Limited

Wynn Macau Limited has applied for a new ten-year license to continue offering gambling entertainment at its two Macao properties until the end of 2033. The company is majority-owned by American casino operator Wynn Resorts Limited.
Law
Macau licensing move for Wynn Macau Limited