The market’s perception of Wynn Resorts as a sunny island of calm amid stormy conditions may be changing.
A Citigroup analyst recently initiated a sell rating on its stock, mainly on the back of issues related to its Las Vegas operation.
The note said the opening of the USD2.3 billion Encore resort in Las Vegas, on 22nd December, could hurt Wynn if the property’s performance is slow to ramp up.
It also cites concerns that Encore could cannibalise business from Wynn Las Vegas.
Since news broke recently of a sports betting scandal involving certain NBA players and coaching staff sharing inside information with...
Set to open its first phase in February, the eco-luxury golf and lifestyle estate Hann Reserve not only promises to...
With a senate hearing into the Philippines’ booming eGames, or domestic online gaming, industry already proving successful in having stricter...
A who’s who of the Asian gaming industry gathered at SJM’s Grand Lisboa Palace Resort Macau on 7 November as...
Betting exchange Betfair Australia, a wholly-owned subsidiary of Crown Resorts, will in early 2026 launch a new fixed odds sportsbook under the CrownBet brand. The launch is, according to information provided to Inside Asian Gaming, aimed at providing the company...
The Philippine Charity Sweepstakes Office (PCSO) and gaming regulator PAGCOR were this week officially recognized as being among the country’s top performing Government-Owned or -Controlled Corporations (GOCCs) in 2024. The Governance Commission for Government-Owned or -Controlled Corporations (GCG) hosted its...
Shareholders of Macau Legend Development Limited, the owner of Macau’s Fisherman’s Wharf precinct on the peninsula and former operator of satellite casino Legend Palace, have approved a comprehensive capital reorganization of the company. At an Extraordinary General Meeting held earlier...
Austrian gaming giant Novomatic AG has again extended its offer to acquire from other shareholders all shares it doesn’t already own in Australian slot machine supplier Ainsworth Game Technology (AGT). A letter provided to the Australian Securities Exchange (ASX) by...
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