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Las Vegas: Does Wynn have a viable case against Fontainbleau?

March 18, 2024 - Are noncompete clauses in gaming executive contracts enforceable? That’s a question that could emerge as Wynn Las Vegas’ recent lawsuit against Fontainebleau Las Vegas moves forward. The suit accuses Fontainebleau... Read more »

New Edition residency becomes fastest-ever sellout at Wynn Las Vegas

March 11, 2024 - There was a time when Mike Tyson attending a New Edition show would send shock waves through the crowd. That time was Friday night. It was a rewind for all... Read more »

Wynn CEO calls igaming cannibalization debate ‘reductive’

March 11, 2024 - Wynn Resorts’ CEO Craig Billings this weekend took to LinkedIn to label the debate surrounding the effect of online gambling on brick-and-mortar casinos as “a bit reductive.” While the emergence... Read more »

Wynn Resorts lawsuit accuses Fontainebleau Las Vegas of ‘unhealthy obsession’ with resort, poaching employees

March 2, 2024 - Executives of Wynn Las Vegas have long thought Fontainebleau was trying to replicate the Wynn experience, even going so far as to steal some of their top employees. Now, the... Read more »

Analyst: Wynn Resorts a “compelling” value

February 27, 2024 - In an investor note released today, J.P. Morgan analyst Joseph Greff hailed Wynn Resorts as “one of the more compelling risk-rewards [scenarios] in our coverage universe.” He wrote that a... Read more »

Caesars acquires Michigan WynnBET casino

February 21, 2024 - Caesars Entertainment has agreed to acquire WynnBET’s igaming operations in Michigan. The move aligns with Wynn Resorts’ decision to exit markets where WynnBET operated and bring the business to a... Read more »

Penn Entertainment acquires Wynn’s New York mobile sports and wagering licenses

February 13, 2024 - Penn Entertainment Tuesday announced an agreement to acquire Wynn Interactive Holdings’s mobile-sports and wagering licenses in New York for $25 million. The acquisition gives Penn Entertainment market access in the... Read more »

Wall Street Bets: Red Rock Resorts, gambling vote in Alabama, Wynn Resorts

February 12, 2024 - Red Rock Resorts Red Rock Resorts’s 2023 4th quarter results were generally positive, according to analysts. According to J. P. Morgan analysts Joseph Greff in a Feb. 7 statement, the... Read more »

Wynn raises resort fees at Las Vegas Strip properties, joining MGM

February 10, 2024 - Another Las Vegas resort company is raising its resort fees. Wynn Resorts has increased the daily fee to $50 plus tax, according to the resort’s website. The increase applies to... Read more »

Nevada high court dismisses casino mogul Steve Wynn’s defamation suit against The Associated Press

February 9, 2024 - LAS VEGAS (AP) — The Nevada Supreme Court on Thursday dismissed a defamation lawsuit brought by casino mogul Steve Wynn against The Associated Press over a story about two women’s... Read more »