Tag Archives: Wynn Resorts
Wynn Resorts to buy Crown London from Crown Resorts
Wynn Resorts will acquire Crown London (Aspinalls), a small, members-only casino in the heart of London’s upscale Mayfair district. The acquisition is subject to the receipt of customary regulatory approvals, which are anticipated in the second half of 2025. Snapping up the prestigious Mayfair casino location expands Wynn’s footprint in Europe and the Middle East…
Wynn Resorts increases revenues by 1.3 per cent and narrows loss by 72 per cent
Wynn Resorts generated revenues of $1.69bn for the third quarter of 2024, an increase of $21.4m from $1.67bn for the third quarter of 2023. Operating Net loss attributable to Wynn Resorts, Limited was $32.1m compared to a net loss of $116.7 million for the third quarter of 2023. Adjusted Property EBITDAR was $527.7m for the third quarter of 2024, compared to Adjusted Property EBITDAR of $530.4m for the third quarter…
Wynn claims first UAE licence
Wynn Resorts has been awarded the first commercial gaming operator’s licence in the United Arab Emirates by the country’s General Commercial Gaming Regulatory Authority. The Wynn Al Marjan Island in Ras Al Khaimah is a joint venture between affiliates of Wynn Resorts, Marjan and RAK Hospitality Holding. Wynn stated: “Wynn Resorts thanks the GCGRA for…
Wynn Resorts releases new details for $12bn New York casino
Related Companies/Oxford Properties Group and Wynn Resorts revealed new project details last week for the next phase of Hudson Yards, including new renderings and animations as well as additional testimonials of support. The $12 billion total project proposal to build Hudson Yards West on top of the undeveloped western rail yards, is a once-in-a-generation commitment…
Wynn generates all-time record property EBITDAR in first quarter of 2024
With all-time record property EBITDAR, Wynn Resorts reported revenues of $1.86bn for the first quarter of 2024, an increase of $439.2m from $1.42bn for the first quarter of 2023. “The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property EBITDAR reaching a new all-time record. The investments we have made…
Wynn’s casino plans for NYC’s Hudson Yards criticised for reducing housing plans
Wynn Resorts’ $12bn bid for a casino in New York City’s Hudson Yards is facing opposition from a community group who has slammed the project for seemingly squashing housing plans that had been promised for the area. An agreement negotiated by Manhattan’s Community Board 4 in 2009, should have brought 5,700 apartments and a single commercial building to…
US – Wynn releases its own renderings for casino resort at Hudson Yards in Manhattan
Wynn Resorts has now released its own renderings for the blue of its $12bn casino proposal earmarked for Hudson Yards along Manhattan’s west side. An 80-story pointed sky scrapper will tower over the Hudson River with a hotel and casino, engulffed by a 5.6-acre park as well as offices, apartments, a 750 pupil school, a…
US – Related Companies updates $12bn casino blueprint for Hudson Yard
Related Companies, who is partnering with Wynn Resorts in a bid to develop a casino complex in New York City’s Hudson Yards, has revealed further details behind its $12bn plan. The development’s blueprint includes a 2.6 million-square-foot casino and hotel resort, complemented by retail outlets, conference spaces, and an 80-story skyscraper. It hopes to transform…
UAE – Wynn close to completing hotel towers on Al Marjan Island
Wynn Resorts is close to completing the first phase of construction of the hotel towers underpinning its Wynn Al Marjan Island casino resort in the United Arab Emirates. The plan is to open the casino in the first quarter of 2027. Wynn Resorts is a 40 per cent equity investor in the project, with local…
