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Casinos and Gaming Steve Wynn

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  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • $100 million NYC apartment tax bill: 0.017% Monday, 9 Mar 2015 | 10:48 AM ET
    One57, a new luxury skyscraper apartment building on New York City's West 57th street.

    The owner of the most expensive apartment ever in New York City owes just 0.017 percent in property taxes thanks to a legal loophole.

  • The Drexel collapse, 25 years later Friday, 13 Feb 2015 | 10:15 AM ET
    Michael Milken 1989

    Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.

  • Macau drags Wynn Resorts 4Q earnings down Wednesday, 4 Feb 2015 | 10:56 AM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.

  • Wynn investigated for possible laundering: DJ Thursday, 20 Nov 2014 | 3:41 PM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.

  • Steve Cohen just bought this $101 million sculpture Tuesday, 11 Nov 2014 | 10:47 AM ET
    A visitor looks at Chariot by Alberto Giacometti at Sotheby's auction house in London.

    Steve Cohen, whose firm SAC Capital settled criminal insider charges, bought a sculpture at auction last week for $101 million, according to people familiar with the transaction.

  • Vegas bets on Massachusetts Monday, 3 Nov 2014 | 10:00 AM ET
    Vegas bets on Massachusetts

    Voters in Massachusetts decide Tuesday whether to repeal a law allowing casinos there, after companies like Wynn and MGM have already invested millions. Jane Wells takes a look at potential winners and losers.

  • Wynn says Icahn's Vegas bet to have 'unlikely outcome'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells an in exclusive interview that as much of the Vegas strip which had been abandoned is finally being developed, Carl Icahn's Fountainbleau remains empty.

  • Wynn expects Ebola vaccine in 'short order' Friday, 3 Oct 2014 | 12:00 PM ET
    Wynn expects Ebola vaccine in 'short order'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he believes the Ebola problem will not be as contagious as past flus have been.

  • Wynn doesn't believe in Internet gaming Friday, 3 Oct 2014 | 12:00 PM ET
    Wynn doesn't believe in Internet gaming

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he doesn't believe online gambling will be legalized nationally, and he explains why.

  • Steve Wynn on inversion: Administration wants to punish everybody

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he would not consider moving his headquarters overseas, even though "The administration wants to punish everybody."

  • Wynn stunned at immaturity of Obama administration Wednesday, 1 Oct 2014 | 1:54 PM ET
    Wynn stunned at immaturity of Obama administration

    Wynn Resorts chairman and CEO Steve Wynn, does not agree on the punishment of American companies choosing to move overseas.

  • Steve Wynn 'more scared about the US than China' Wednesday, 1 Oct 2014 | 1:00 PM ET
    Steve Wynn 'more scared about the US than China'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells in an exclusive interview that he believes the unrest in Hong Kong will "work itself out" and that the Chinese trust their government.

  • Steve Wynn: I'm 'more scared' about US than China Wednesday, 1 Oct 2014 | 12:50 PM ET
    Steve Wynn

    Casino tycoon Steve Wynn says government crackdowns in Macau and protests in Hong Kong don't worry him so much.

  • Icahn's Fountainebleau remains empty Wednesday, 1 Oct 2014 | 12:20 PM ET
    Icahn's Fountainebleau remains empty

    CNBC's Jane Wells asked Wynn Resorts Chairman and CEO Steve Wynn, what will happen with the unfinished Fontainebleau casino resort on the Las Vegas Strip.

  • Steve Wynn: Internet gambling bad idea Wednesday, 1 Oct 2014 | 11:18 AM ET
    Steve Wynn: Internet gambling bad idea

    CNBC's Jane Wells speaks to Wynn Resorts chairman and CEO Steve Wynn, about Internet gambling and if it's a good bet for the gaming industry.

  • US scares Steve Wynn more than China Wednesday, 1 Oct 2014 | 7:41 AM ET
    Steve Wynn, speaking in Boston, Jan. 22, 2014.

    CNBC's Jane Wells sits down with billionaire gaming king Steve Wynn to discuss the investing environment in China and why he is more concerned about polarization in America.

  • Even billionaires have to wait in line at Milken Monday, 28 Apr 2014 | 6:02 PM ET
    Stephen A. Schwarzman, chairman of the Blackstone Group

    There are so many big names at Milken's annual Global Conference in Los Angeles that billionaires don't automatically get VIP treatment.