Wynn Resorts reported more than $162 million in losses from their Wynn Interactive division. This is now the second straight year that Wynn Interactive has lost more than $100 million from January through June. LAS VEGAS – Wynn Resorts has reported losses of greater than $162 million so far this year through their online sportsbooks … Read more
The Wynn Millions event will return in Feb. 2022 with a $10 million main event. Most tournaments in the series will be No Limit Hold ‘Em, but there are some other options as well. LAS VEGAS – The Wynn Millions poker tournament series is back, with multiple tournaments going over $1 million guaranteed in prizes. … Read more
Wynn Resorts had planned to go public via a SPAC. This plan is now cancelled, a deal that was worth up to $3.2 billion. Wynn will focus on more sustainable methods of user acquisition. LAS VEGAS – Wynn Resorts’ attempt to go public via a special purpose acquisition company (SPAC) has been terminated. Wynn, one of … Read more
Following new Chinese government restrictions, companies doing business in Macau suffer stock drops across the globe. Macau officials are consulting government officials regarding new restrictions and potential revisions to their gaming operations. LAS VEGAS – The Asian gaming hub of Macau recently announced that they will be tightening restrictions on gambling and operators within the … Read more
Chicago Mayor Lori Lightfoot has extended the deadline for Chicago casino applications. MGM, Wynn and Caesars have already taken themselves out of the running. Rush Street Interactive is a likely favorite to end up as the operator. CHICAGO – Chicago Mayor Lori Lightfoot originally set a deadline of Aug. 23 for those interested in operating … Read more
MGM’s casinos and resorts in Las Vegas have received approval to reopen fully. This approval applies specifically to their gaming floors, and not restaurants. They join Wynn Resorts and The Cosmopolitan of Las Vegas as approved to reopen gaming at 100% capacity. LAS VEGAS – MGM’s casinos in Las Vegas have been approved to reopen … Read more
Online casino operations have not been seeing high success on the NASDAQ. This could be attributed to retail casinos reopening. Online gambling has also been proven to be far from profitable for major operations. NEW YORK – Online gambling peaked in 2020 during the pandemic, leading to many iGaming investors going all in on stocks … Read more
GAN Limited and Wynn Resorts sign a 10-year agreement. The iGaming software supplier will bring its software platform to Wynn Resorts in its Michigan launch. Wynn Resorts will be among the first online gambling operations in Michigan pending regulatory approval. LANSING, Mich. – As Michigan gets closer to providing regulated online gambling to its residents … Read more