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Horseshoe Online Casino Now Live in Michigan, Replacing WynnBet
Horseshoe Online Casino is now open for business in Michigan, while WynnBet is gone for good. Caesars acquired WynnBet’s license and assets from Wynn Resorts in June and announced in July that it would eventually reboot it as Horseshoe, Caesars’ second brand in the state. Caesars () originally expected to launch Horseshoe in September, so its arrival is only a couple of days overdue. […]
New York State Gaming Commission Chairman ‘Concerned’ About Allegations Against Wynn, Resorts World
The upcoming bidding process for downstate New York retail casino licenses is top-of-mind for many gambling industry insiders, and New York State Gaming Commission (NYSGC) Chairman Brian O’Dwyer has concerns about two possible applicants. O’Dwyer told attendees at a NYSGC meeting that he’s keeping a close eye on allegations involving Resorts World Las Vegas and […]
Wynn Resorts Settles Shareholder Class-Action Suit for $70 Million
Wynn Resorts has reached a $70 million settlement agreement in a class-action lawsuit filed by its shareholders. The plaintiffs argued that the company failed to disclose the alleged sexual misconduct by its former CEO, Steve Wynn. The company’s share values plummeted when those accusations came to light in 2018. The lawsuit was led by shareholders John […]
Horseshoe Online Casino: Caesars Making Preparations for New Brand Launch in Michigan This September
Michigan will soon see a new iGaming brand: Horseshoe Online Casino. It will replace WynnBet Casino, which operates in partnership with the Grand Traverse Band of Ottawa and Chippewa Indians. Early indications are that customers can expect the brand to appear in September this year. Wynn Resorts abandoned its Michigan online casino in February, selling the assets and license to Caesars, which […]
WynnBet Closing Down As Caesars Buys Michigan WynnBet Casino, Fanatics Moving Into PointsBet Spot
WynnBet will soon cease operations, a Wynn Resorts spokesman told Bonus on Feb. 20. The catalyst is Caesars Entertainment taking over the online gambling operator’s “skins” there, with an emphasis on iGaming and Michigan WynnBet Casino. Simultaneously, Fanatics Betting and Gaming (FBG) is putting its bespoke app in place of Michigan’s PointsBet sites. The Wynn () […]
Penn Purchase of New York WynnBet Sportsbook Only Applies to the Empire State
Penn Entertainment‘s Feb. 13 announcement about buying New York WynnBet Sportsbook is only that and not a hint that Penn is buying Michigan WynnBet Casino or any other WSI US assets, Penn clarified to Bonus on Feb. 14. Bonus noticed WynnBet’s remaining online casino site — Michigan WynnBet Casino — says it’s operated by WSI […]
With ESPN Bet Entering New York, Legal iGaming Could Bring Hollywood Casino As Well
New York’s WynnBet Sportsbook will soon become ESPN Bet, according to the owner of the latter online sports betting app, Penn Entertainment. That Feb. 13 announcement could impact WynnBet Casino in Michigan and holds the promise of bringing Hollywood Casino to New York if the state legalizes iGaming. Penn () purchased the Wynn Resorts () entity […]
WynnBet’s 2023 Losses Include $94.5M Write-Off for Intangible Brand Devaluation
Wynn Resorts reported a $276.6 million loss for its Interactive Division in 2023, roughly one-third of which comes from a drop in the assessed value of the division itself. The company’s Q4 and year-end 2023 results show a $94.5 million write-off for “goodwill impairment and intangible assets.” In finance speak, “goodwill and intangible assets” equates to what the […]
Michigan WynnBet Casino Remains Open But ‘Under Review,’ As Massachusetts Online Sportsbook May Shut Down
WynnBet is leaving Massachusetts, but its last remaining online casino site will stay open in Michigan, at least for the time being. WynnBet Casino’s operations in Michigan remain “under review,” a company representative told Bonus. That statement comes as the online gambling operator plans to finalize WynnBet Sportsbook‘s exit from Massachusetts online sports betting on Feb. […]
Wynn Resorts Settle a Sexual Harassment Suit While Former CEO Steve Wynn’s Legal Battles Continue
Wynn Resorts has settled with nine anonymous women in a sexual harassment suit they filed in 2019. In the lawsuit, the women claimed they were victims of sexual harassment by the company’s former CEO, Steve Wynn, while the company was aware and did not act. In a settlement notice, attorneys for Wynn Resorts reported that […]