logo
Wynn Resorts Drops Plans to Seek New York City Casino License

Wynn Resorts Drops Plans to Seek New York City Casino License

Bloomberg19-05-2025
Wynn Resorts Ltd. won't apply for a casino license in New York, citing a rezoning process and local opposition that makes the opportunity less attractive.
The company has better uses of its capital, including share buybacks, rather than 'investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers,' the company said in a statement Monday.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

California voters still support high-speed rail but don't think it will be finished, says poll
California voters still support high-speed rail but don't think it will be finished, says poll

E&E News

time2 minutes ago

  • E&E News

California voters still support high-speed rail but don't think it will be finished, says poll

California voters have not given up on the state's high-speed rail project, even though they aren't confident it will ever be completed, according to an exclusive POLITICO-Citrin Center-Possibility Lab poll. What happened: Sixty-two percent of the 1,445 registered voters polled said they support the state continuing construction on the rail line that is supposed to link the Bay Area to Los Angeles, but which has been beset by delays and massive cost overruns. The poll revealed a sharp partisan split on the project, which has served as a political punching bag for the Trump administration: 62 percent of Republican voters said the project is too expensive or mismanaged and should be canceled, while only 21 percent of Democrats took that stance. More than half of independents — 55 percent — said construction should continue. Democrats' support for high-speed rail, however, is far from absolute. While a third of respondents said they back California spending more state funds after President Donald Trump's Department of Transportation canceled $4 billion in federal grants, 38 percent said they will support continued construction only if the project keeps to its current budget. Advertisement Despite their support, Democratic voters are not confident that the rail line will be built all the way from San Francisco to Los Angeles. Just 27 percent said there's a high likelihood the project will be finished, while 47 percent said there's a low likelihood and 26 percent were unsure. Those numbers largely mirrored feelings across political affiliation, as 23 percent of Republicans and 20 percent of independents said there's a high likelihood the project will be completed. The project, originally slated for completion by 2020, is expected to open its initial line connecting Bakersfield to Merced in 2033, with no projected date for final completion. The project is now estimated to cost up to $128 billion, nearly four times its original $33 billion price tag.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GES, SHCO, OLO on Behalf of Shareholders
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GES, SHCO, OLO on Behalf of Shareholders

Associated Press

time2 minutes ago

  • Associated Press

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates GES, SHCO, OLO on Behalf of Shareholders

NEW YORK, Aug. 21, 2025 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Guess?, Inc. (NYSE: GES)'s sale to Authentic Brands Group LLC and Guess? insiders for $16.75 per share in cash. If you are a Guess? shareholder, click here to learn more about your legal rights and options. Soho House & Co Inc. (NYSE: SHCO)'s sale to affiliates of MCR for $9.00 per share in cash. If you are a Soho shareholder, click here to learn more about your rights and options. Olo Inc. (NYSE: OLO)'s sale to Thoma Bravo for $10.25 per share in cash. If you are an Olo shareholder, click here to learn more about your legal rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Halper Sadeh LLC Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 [email protected] [email protected] View original content to download multimedia: SOURCE Halper Sadeh LLP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store