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Tag Archives: Wynn Resorts

US – Wynn enjoys its best ever third quarter results in Las Vegas and Boston

With travel restrictions still hampering the Macau casino sector, Wynn Resorts saw its results propped up by record breaking third quarters at both Wynn Las Vegas and Encore Boston Harbor. Whilst overall operating revenues were $889.7m, down $104.9m, from $994.6 million for the third quarter of 2021, operating revenues at Wynn’s Las Vegas operations and Encore Boston Harbor increased by $68.4m and $19.6m…

US – Wynn confirms appetite for Big Apple with Related Companies partnership

Related Companies and Wynn Resorts have announced a partnership to pursue a downstate casino license on the Western Yards at Hudson Yards in New York. The plan for a resort, entertainment and gaming destination along the Hudson River will deliver thousands of permanent and construction jobs and billions in direct and indirect tax revenue to…

US – Strong customer demand in the US offset by Macau closures for Wynn

Operating revenues for Wynn Resorts for the second quarter ended June 30, 2022, fell 8.2 per cent year-on-year to US$908.8m with strong customer demand at the company’s US operations offset by the COVID-closures in Macau. Operating revenues were $908.8m for the second quarter of 2022, a decrease of $81.3m, from $990.1m for the second quarter of 2021. Net loss attributable to Wynn…

US – Wynn Resorts selling real estate of Encore Boston Harbor

Wynn Resorts has entered into a definitive agreement to sell all of the land and real estate assets of Encore Boston Harbor to Realty Income for $1.7bn in cash, representing a 5.9 per cent cap rate. Wynn Resorts will continue to operate the property at the five-star standard for which the company is renowned. Simultaneous with the…

UAE – Wynn Resorts to include ‘gaming area’ at UAE resort

Marjan, RAK Hospitality Holding and Wynn Resorts have announced a multibillion-dollar integrated resort including a ‘gaming area’ on the man-made Al Marjan Island in  Ras Al Khaimah, United Arab Emirates. The spectacular Al Marjan Island, already a leading tourism destination, is only 15 minutes from the Ras Al Khaimah International Airport and 45 minutes from the Dubai International Airport. Comprising four islands, Al Marjan Island delights…

US – WynnBET unveils ‘Big Game Promotion’ through Build Your Own Bet

WynnBET has unveiled its ‘Big Game Promotion’ , a promotion driven through WynnBET’s Build Your Own Bet functionality. The prize includes our VIP tickets to Shaq’s Fun House in Los Angeles, the premier Big Game party taking place on Friday, Feb. 11. While at the event, the grand prize winner and their guests will walk the red carpet and attend…

US – Wynn launches plan to build events centre for Encore Boston

Wynn Resorts has published plans to build a 1,800-seat events venue along with a two-story restaurant and a 2,200-car parking garage on 13 acres of land across from its Encore Boston Harbor casino in Everett, Massachusetts. A 425-foot-long pedestrian bridge would connect the events venue to the casino. Big Night Entertainment Group, who works with Wynn with…

US – Wynn Resorts and Austerlitz Acquisition terminate merger agreement

Wynn Resorts and Austerlitz Acquisition Corporation have mutually agreed to terminate their previously announced agreement and plan of merger, which contemplated the combination of Austerlitz I and Wynn Interactive, a subsidiary of Wynn Resorts. The termination is effective immediately. Craig Billings, CEO of Wynn Interactive, said: “With our continued roll out of product features and…

US – Matt Maddox to step down as Wynn CEO

Wynn Resorts CEO Matt Maddox has said he will step down from his position next year and will be replaced by current Wynn Interactive CEO Craig Billings. He will leave the job at the end of January 2022 but will remain on the Board of Directors of both Wynn Macau and Wynn Interactive until the…