19-05-2025
Wynn Resorts Drops Plans to Seek New York City Casino License
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.
