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Big US casino operators like Wynn and MGM stand to lose millions after China's gambling capital of Macau shut down operations to curb COVID-19

China's gambling capital has shut down operations for the first time since February 2020 in an atte…

Samantha Delouya   


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2 mins read

Jim Chanos is betting against battered US casino stock Wynn as Macau's crackdown kicks in, saying it's 50% overpriced

Wynn is one of several casino operators in Macau that face tighter obligations under China's recent…

Shalini Nagarajan   


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1 min read

Casino stocks slide for a 2nd day as China enclave of Macau launches review of gambling industry

The Macau gambling review will include rules about licenses and a proposal for direct government su…

Carla Mozée   


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2 mins read

A Las Vegas hotel says employees must either get vaccinated or undergo weekly COVID-19 testing at their own expense

Workers who don't get the vaccine must pay $15 for the on-site COVID-19 testing lab in Wynn Las Veg…

Brittany Chang   


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Katie Warren   


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Hundreds of Wynn Resorts employees in Las Vegas have tested positive for coronavirus since its re-opening in June, the company says

Wynn Resorts said that the positivity rate has declined since the start of new safety programs, des…

Taylor Ardrey   


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5 mins read

THE NEW RESORT EXPERIENCE: The changes you can expect the next time you stay at the world's largest 5-star resort, the Wynn Las Vegas

Before stepping inside the resort, you'll have to pass a temperature scan. And you'll need a reserv…

Katie Warren   


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2 mins read

DOJ accuses casino tycoon and informal Trump adviser Steve Wynn of being a Chinese agent and lobbying the former president on behalf of China

The Justice Department filed a lawsuit arguing that Wynn should register as a foreign agent for wor…

Cheryl Teh   


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4 mins read

Trump and his associates just had a very bad day thanks to a cascading series of Justice Department moves

From New York to DC, associates of former President Donald Trump were surely feeling new heat from …

C. Ryan Barber   


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1 min read

Wynn Resorts surges after billionaire casino mogul Steve Wynn resigns

The news came after Wynn, who is also the founder of Wynn Resorts, was accused last month of decade…

Kimberly Chin   


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1 min read

Wynn Resorts is tanking after CEO Steve Wynn is accused of sexual misconduct

The company is trading 6.39% lower on Friday to$188.00 after the report, which cited multiple women…

Seth Archer   


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2 mins read

From Boeing to Wynn Resorts, companies are maxing out credit lines as they race to stockpile cash amid coronavirus slowdown

The cash will be used to avoid any pitfalls, according to the report, as travel and leisure compani…

Carmen Reinicke   


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2 mins read

Billionaire casino mogul Steve Wynn resigns from Wynn Resorts amid sexual misconduct scandal

"In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity. …

Tara Francis Chan   


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Wynn Resorts is tumbling after Macau reported disappointing revenue growth

Analysts were expecting Macau's gaming revenue to grow 18% year-over-year for the month, but it inc…

Jacob Sonenshine   


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Wynn Resorts continues to fall after casino mogul Steve Wynn steps down from the RNC amid sexual misconduct allegations

Wynn has been a prolific donor to Republican candidates and groups, and joined the RNC as its finan…

Kimberly Chin   


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2 mins read

MORGAN STANLEY: Here's how Wynn Resorts could double

"With potential for greater market growth, higher margins, and a beat-and-raise driven re-rating, w…

Prashanth Perumal   


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2 mins read

MGM is auctioning 11 Picasso works worth up to $104 million that were originally collected by former casino mogul Steve Wynn

The artworks were curated by Wynn, who sold his holdings to MGM and later left the casino business …

Hannah Towey   


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2 mins read

MGM and Caesars rise as Morgan Stanley upgrades the casino operators on strong outlook for Las Vegas recovery

Shares of MGM Resorts and Caesars Entertainment rise as Morgan Stanley sees big earnings potential …

Carla Mozée   


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Wynn slumps as high rollers stay away in Macau

Gaming stocks are particularly sensitive to economic weakness in China as much of the high-roller c…

Arjun Reddy   


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Steve Wynn and his ex-wife are fighting over her seat on the Wynn Resorts board

But then Okada began to face corruption allegations and Wynn blocked him from the board, redeeming …

Portia Crowe