Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.» Read More
Wynn, 72, and his company Wynn Resorts Ltd filed suit against Chanos, founder of New York- based hedge fund Kynikos Associates LP, in federal court in San Francisco.
Sept 26- Casino mogul Steve Wynn has filed a lawsuit accusing prominent short-seller Jim Chanos of slander. In a complaint filed on Thursday, Wynn said Chanos had told several people at an "invitation-only" event in Berkeley, California, on or about April 25 that Wynn and his company, Wynn Resorts Ltd, had violated the federal Foreign Corrupt Practices Act.
There are so many big names at Milken's annual Global Conference in Los Angeles that billionaires don't automatically get VIP treatment.
The billionaire ex-wife of a U.S. casino magnate bought the world's most expensive painting sold at an auction, the Wall Street Journal reported.
Traders Jon Najarian and Josh Brown debate Wynn Resorts. Doctor J says VIP's will continue to flock to the casino. Brown thinks Wynn is overvalued and it's the wrong time to buy.
A few companies appear likely to dole out payments before year end, the CNBC “Fast Money” pros said Tuesday.
ZURICH/ LONDON, Oct 28- A metal door set into a mountain in Switzerland offers a way out for fine art investors forced to pay over the odds to insure their collections.
HONG KONG-- Casino operator SJM Holdings says it has signed a deal to buy land for a new casino in Macau, the world's biggest gambling market, giving it a chance to catch up with its rivals' rapid expansion. The company operates 20 casinos already in Macau but most are small.
LAS VEGAS-- A Japanese billionaire has dropped his campaign to win seats for his allies on the board of Wynn Resorts Ltd., ending a chapter in a feud with casino mogul CEO Steve Wynn. It was a legal setback for Okada, a former Wynn friend and business partner, who once was Wynn Resorts' single largest shareholder.
HONG KONG-- The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino operators.
MGM China Holdings Ltd. said it formally accepted a land concession contract from the Macau government for a 7.2 hectare plot in the Cotai district, an area of reclaimed land that's earmarked for all new casinos in the Asian gambling haven. MGM China said it is paying $161.4 million for the land, including a $56.2 million down payment.
Donald Trump, Chairman & President of the Trump Organization, weighs in on tonight's presidential debate; JNJ's earnings; and Apple's stock price.
Steve Wynn, chairman & CEO at Wynn Resorts, says it take a lot of courage and uncertainty to build a business now. Ron Baron, Baron Capital chairman and CEO, weighs in.
HONG KONG, Oct 4- Gambling revenue in Macau rose a weaker-than-expected 12.3 percent in September, indicating China's slowing economy is increasingly hurting the appetite of wealthy mainland gamblers to place bets in the world's largest casino market.
Jonathan Galaviz, MD & Chief Economist, Galaviz & Company discusses the Nevada court ruling against Kazuo Okada's appeal to reverse Wynn Resorts' share buyback.
LAS VEGAS, Oct 2- A Nevada judge on Tuesday ruled against Japanese billionaire Kazuo Okada's effort to reverse a forced redemption of his 20 percent stake in Wynn Resorts Ltd, rendering him unable to vote at the casino company's Nov 2 annual meeting.
LOS ANGELES, Oct 1- Lawyers for dissident Wynn Resorts shareholder Kazuo Okada's will urge a Nevada court on Tuesday to overturn the casino company's forced redemption of the Japanese billionaire's $2.7 billion stake, a ruling which would allow him to vote at its Nov. 2 shareholder meeting to unseat two board members.
Wynn Resorts created a stir Friday morning when it mistakenly sent a regulatory filing to the SEC about a potential land deal for a second resort in Macau
The global online travel company Orbitz ranked Las Vegas as America's number one destination for President's Day weekend, where visitors are spending less and less on gambling. So, what's the attraction?
Outspoken Wynn Resorts Chairman and CEO Steve Wynn says he shares some of the same frustrations as the Occupy Wall Street movement and that he is reluctant to invest in the U.S. until he has more confidence in the government's economic policies.