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...
Wynn Resorts has confirmed another milestone after its US$5.1 billion UAE integrated resort, Wynn Al Marjan Island, was topped out Monday. In a social media post, Wynn said the IR’s tower has now reached its highest structural concrete point just...
Steve McCann, the man brought in to keep Star Entertainment Group afloat following a second finding of unsuitability to hold a NSW casino license, has departed the company with immediate effect. Star said in a Tuesday morning filing that McCann...
Shareholders of Macau concessionaire SJM Holdings have overwhelmingly voted in favor of the acquisition of satellite casino L’Arc for HK$1.75 billion (US$225 million) at an Extraordinary General Meeting held Monday. The company said in a filing that around 99.93% of...
Hong Kong-listed NagaCorp has terminated a subscription agreement with an entity linked to the group’s founder, the late Dr Chen Lip Keong, to provide 50% of funding for the planned US$3.5 billion Naga 3 expansion of its NagaWorld integrated resort...
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