Tag: Wynn Resorts

Crown Resorts (Image: William West/Getty)

Casino Roundup: Crown Buyout, Wynn Leaseback and Sands Junk Rating

- 3 min read

Crown Resorts accepted a $6.4 billion buyout bid from Blackstone, a private equity firm. Just days after the news, the Australian casino company reported a $141 billion loss for the last six months of 2021. In other casino news, a credit agency cut Las Vegas Sands’ debt rating, while Wynn […]

Overall, Wynn's Q4 earnings were down XX%, but Strip casinos (Image: John Locher/AP)

Wynn to Dump Sports Betting in Favor of Middle East Expansion

- 2 min read

In a surprising turnaround, Wynn Resorts decided to sell its fledgling sports betting business, WynnBet. Instead, the casino company will work to introduce its core business to the Middle East. On Tuesday, Wynn signed a deal with the United Arab Emirates (UAE) to build a resort with a gaming area. […]