Will the MGM Empire City Proposal Secure the Necessary Casino Licenses in New York?
The upcoming vote by MGM Empire City’s Community Advisory Committee next week will be a pivotal moment for the project, as the committees decision plays a crucial role in the regulatory roadmap required to secure the necessary casino licenses for the development.
MGM Empire City has proposed a $2.3 billion overhaul of the racino
MGM is considered a frontrunner for one of the three downstate New York casino licenses
MGM Empire City is vying for one of the three coveted downstate casino licenses available in New York. This week, the local Community Advisory Committee will make a crucial decision on a $2.3 billion proposal to transform the existing racino into a full-scale gaming venue. If successful, this venture promises to feature traditional Vegas-style slot machines, live-dealer table games, and retail sports betting.
The list of competitors seeking a license has dwindled, with recent rejections of other high-profile bids, including Caesars Palace Times Square. This strengthens MGM’s position as a front-runner for the licence.
The Community Advisory Committee for MGM has met four times, and their upcoming meeting holds unprecedented significance. To move forward, the proposal needs to secure at least three out of five votes from the committee members.
Favourable Odds for MGM
Unlike other proposals facing local resistance, MGM’s plans in Yonkers have garnered a generally positive reception. Empire City has operated as a racino with electronic table games and slot-like video lottery terminals (VLTs) for nearly twenty years. The acquisition of this property in January 2019 for $850 million from the Rooney family aimed to secure an advantage in obtaining a full-scale gaming license.
According to state legislation passed in 2013, three downstate casinos were authorised, but any licences could not be granted until 2023. This was designed to give upstate casinos a chance to flourish without the threat of competition from the more lucrative downstate market.
MGM has been a commendable community partner to Yonkers and Westchester County. Since taking over, the casino has contributed over $1.6 billion to the state’s education fund through its gaming proceeds.
Yonkers Mayor Mike Spano, who is a member of the Community Advisory Committee, endorses MGM’s proposal wholeheartedly. He emphasised that without a full-scale casino licence, the survival of Empire City is highly uncertain, endangering over a thousand jobs and millions in tax revenue for the community.
The Vision for MGM Empire City
Should MGM receive the full-scale casino licence, they plan to initiate a transformational overhaul worth $2.3 billion. This overhaul will include:
A complete renovation and expansion of the gaming floor, featuring a high-limit lounge and a BetMGM Sportsbook.
A large entertainment venue with a capacity for 5,000 guests, adaptable for local events, including graduations.
Three new full-service restaurants alongside renovations to existing dining facilities.
A solar energy-equipped parking garage with electric vehicle charging stations.
“Empire City Casino and Yonkers Raceway have been at the heart of entertainment and tourism in downstate New York for over a century. Achieving a full casino licence will ensure this venue continues to be an essential cultural and economic force,” remarked Bill Hornbuckle, President and CEO of MGM Resorts.
MGM anticipates completing its $2.3 billion investment by mid-2029, cementing its role as a major player in the New York casino scene.
Key Takeaways
Proposal involves a significant investment of $2.3 billion to transform the existing racino.
The Community Advisory Committee will determine the proposal’s fate, requiring a three-fifths majority to advance.
MGM’s positive community relationship positions it favourably against other bids.
Plans include extensive renovations and new facilities that promise to enhance local economic activity.
In conclusion, whether or not MGM Empire City Casino secures the necessary votes to proceed with its ambitious plans will have significant implications for the Yonkers community and the broader New York gaming landscape.
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John Cerasani Barred from Strip Casinos After Promoting Illegal Sports Betting Services
John Cerasani has been barred from multiple Las Vegas Strip casinos
The influencer promoted an unregulated sportsbook on his social feed
He has nearly 800K Instagram followers
John Cerasani, a notable social media influencer who has declared himself the “greatest blackjack player to ever walk the land,” has found himself in hot water. He is now unwelcome at several prominent casino resorts on the Las Vegas Strip after publicly promoting an illegal offshore platform for sports betting and online gambling via his Instagram account.
Cerasani, who commands a following of over 614,000 on one Instagram account and an additional 173,000 on another, recently made endorsements for MyBookie.ag, an operator based in Curacao without necessary licenses to offer interactive gaming or sports betting in any US state. This company has been the target of cease-and-desist orders issued by US authorities, including a recent notice from the Michigan Gaming Control Board regarding violations of state gaming regulations.
The posts that Cerasani made included promotional imagery, suggesting that his financial relationship with the unregulated bookmaker was substantial, as he even provided his followers with promotional codes.
Currently, iGaming is only legal in seven states, while sports betting is permitted in 39. The allure of tax revenue and consumer protection are what drive the gaming industry’s proposals to state regulators, which risks being undermined by unlicensed offshore operators.
A source who requested anonymity disclosed to Casino.org that various casino operators on the Las Vegas Strip, wary of reputational damage and legal implications, have subsequently banned Cerasani from their properties.
Tribal Casinos Also Ban Cerasani Over MyBookie Flap
Additionally, the source revealed that Cerasani has also been barred from tribal casinos including Foxwoods in Connecticut and properties managed by Hard Rock International and Seminole Gaming.
The Seminole Tribe operates casinos in Florida under the renowned Hard Rock brand, while Hard Rock International manages similar establishments in the US and worldwide. Consequently, Cerasani’s recent bans have removed him from a number of casino venues across the nation, including the Hard Rock Casino Rockford in Illinois, close to his native Chicago.
It appears that Hard Rock and Seminole were among the earliest gaming companies to act when they discovered Cerasani’s promotion of MyBookie to his audience.
Legal and Regulatory Perspectives
Interestingly, Hard Rock Digital holds a monopoly on sports betting in Florida and is operational in states such as Arizona, Colorado, Illinois, Indiana, New Jersey, Ohio, Tennessee, and Virginia. Many of these jurisdictions have actively pursued cease-and-desist letters against unlicensed gaming entities, successfully eliminating many offshore operations from their markets.
Influencer Culture in the Gambling Scene
In recent years, casinos have adapted to attract a younger demographic, easing restrictions on filming on the casino floors to capture the attention of social media-savvy audiences. This has allowed influencers, including Cerasani, to rise to internet fame by leveraging their interactions with casinos and showcasing supposed winnings for their followers.
This influencer-driven engagement often resembles the tactics seen in penny stock promotions and digital currency hype, characterised by a lot of bravado and glitzy marketing.
Cerasani himself promotes a lifestyle of excessive success as he states: “A former W-2’er trying to share his path to a NOT GEN POP life. Entrepreneur. Venture Capitalist. Winner. The best blackjack player to ever walk the land,” on his YouTube profile.
In the influence of the current conversation, mainstream gambling perceptions are at a crossroads as traditional practices collide with modern marketing approaches and the ongoing legal landscape continues to evolve.
It remains to be seen how Cerasani will navigate his future as a gambling influencer or whether his attempts to regain access to casinos will be successful. The stakes in legal gambling extend beyond the table and into the social sphere, indicating a significant shift in the paradigm of gambling in America.
Key Takeaways:
Promoting illegal gambling activities can lead to severe consequences for influencers.
State regulations on iGaming and sportsbooks are stringent and vary widely across the country.
Influencer culture is rapidly reshaping the way gambling brands engage with potential customers.
The future of gambling will likely merge conventional casino dynamics with new-age influencer marketing.
In summary, John Cerasani’s case serves as a cautionary tale of the intersection between influencer marketing and regulatory compliance in the gambling industry. The rising influence of social media must be balanced with ethical practices and adherence to existing laws to ensure a sustainable future for all stakeholders involved.
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How Rising Casino Revenue Is Offsetting Nebraskas Reduced Property Taxes
Nebraska’s 2020 decision to legalize gambling is proving to be a masterstroke for local homeowners, largely driven by a massive surge in casino revenue. As the state’s investment in slot machines, table games, and sports betting begins to yield substantial returns, a significant portion of this casino revenue is being reinvested directly back into the community. This influx of funds is transforming the local economy, providing much-needed property tax relief across the state. Here’s a deeper look into how rising casino revenue is actively aiding Nebraska homeowners.
Governor Jim Pillen recently announced that the revenue generated from Nebraska’s five gaming properties has exceeded expectations, allowing for an additional $20 million to be allocated towards property tax relief. “My priority is to fix our broken property tax system,” stated Pillen, emphasizing the importance of removing bureaucratic hurdles to ensure taxpayers receive maximum benefits.
How the Property Tax Savings Work
$1 Million Licensing Fee: Each horse racetrack opting for casino gambling pays a licensing fee of $1 million for a 20-year term.
20% Tax on Gross Gaming Revenue: Revenue from gambling is taxed at 20%, with 70% of this directed to the Property Tax Credit Cash Fund. The remainder is distributed to the county and for problem gambling programs.
Estimated Property Tax Savings: In the 2024 tax year, homeowners assessed at $200,000 saw property tax savings of approximately $250. With the new $20 million injection, rebates are projected to increase for 2025.
Current Casinos: Nebraska is home to five operational casinos: WarHorse Casino Lincoln, WarHorse Casino Omaha, Harrah’s Columbus NE Racing & Casino, Grand Island Casino Resort, and Lake Mac Casino Resort.
In total, through August 2025, the total taxes generated by these five casinos amounted to over $33 million. Notably, WarHorse Omaha led with a Gross Gaming Revenue (GGR) of $47.7 million, closely followed by WarHorse Lincoln at $42.4 million.
Challenges and Limitations for Online Betting
Currently, Nebraska restricts sports betting to in-person transactions at racetrack casinos, suppressing the market compared to states with both online and in-person betting options. Recent legislative efforts aimed to introduce online sports betting have been stalled due to a political standoff. As State Sen. Brad von Gillern pointed out, there are concerns regarding young individuals’ ability to manage online gambling responsibly, which influences legislative decisions.
As Nebraska continues to evolve its gambling landscape, taxes and revenue generated could significantly impact future public finance, especially in the realm of property taxes.
This transformative period for Nebraska’s gambling sector not only reshapes its economy but also brings essential financial relief to its residents. With more initiatives on the horizon, the potential for expanded offerings and further tax benefits remains high.
In Summary
Nebraska’s investment in casinos has greatly affected homeowners by lightening the burden of property taxes. With increasing revenues and a fresh perspective on gambling, this state is setting the stage for further economic benefits, demonstrating how regulated gaming can financially assist communities.
Las Vegas Strip Myths Re-Busted: Why The Golden Steer Steakhouse Has Been a Gambling Legend Since 1958
EDITOR’S NOTE: “Vegas Myths Busted” is a new series dedicated to debunking common misconceptions about the legendary high-stakes lifestyle and the chaotic energy of the Las Vegas Strip.
The claim of “Est. 1958” shines brightly on the Golden Steer Steakhouse’s signage and promotional material, crafting an aura of timelessness and nostalgia. But how accurate is this date in the restaurant’s storied history?
While the Golden Steer Steakhouse insists on its illustrious history, critics call this narrative into question. In fact, the restaurant has a more complex timeline than what the signage implies.
A Slice of History
It’s often claimed that the Golden Steer has historic ties with the Rat Pack, a group of entertainers that included icons like Frank Sinatra, Dean Martin, and Sammy Davis Jr. The restaurant proudly showcases booths named after these stars, suggesting they dined there during their heyday.
However, recent investigations by Vintage Las Vegas reveal that the strip mall housing the Golden Steer, originally called the Lucky Shopping Center, didn’t open until late 1960—two years after the steakhouse’s claimed establishment date.
The reality is that when it opened its doors in January of 1962, the Golden Steer had taken over a location that previously housed Valentino’s, a kosher restaurant. The restaurant current running had no relation to any earlier establishment named Golden Steer within Las Vegas.
The Golden Steer’s Authenticity Scrutinised
This correction, while disheartening for some, doesn’t completely dismiss claims of the eatery’s connections with the Rat Pack.
The premise, famous among diners, was that Sammy Davis Jr. introduced the group to the Golden Steer because it was friendly to their community during a time when other establishments were yet to embrace desegregation.
Yet the timeline reveals that the Las Vegas Strip had already been desegregated by March 1960—long before the doors of the Golden Steer opened.
Untangling the Truth
What’s irrefutable is that the Golden Steer claims to be the oldest continuously operating steakhouse in Las Vegas. Nonetheless, there also lay a contender for that title: Bob Taylor’s Original Ranch House, which has been around since 1955 at 6250 Rio Vista St., known for its robust and flavorful steaks.
While Golden Steer lays its claims quite fervently, Taylor’s establishment offers an authentic connection to the dining culture of Las Vegas before the neon lights shined bright.
In conclusion, the Golden Steer’s claims are mixed, as we’ve peeled back layers of misconceptions. It may not hold the title for the longest-running in town, but it certainly remains a monument to Las Vegas’s storied culinary and entertainment history.
Stay tuned for more interesting twists in the magnificent myths of Las Vegas, hitting the spotlight every Monday in our series, “Vegas Myths Busted.”
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Illegal Slot Machines Found in NYC Death-Trap Cellar During Fire Investigation of Hidden Gambling Den
In an unexpected turn of events, FDNY inspectors stumbled upon a hidden underground den in Lower Manhattan’s Chinatown, where the rhythmic chime and spinning reels of illegal slot machines echoed through the clandestine space. What began as a routine inspection prompted by a complaint regarding unsafe lithium battery charging practices quickly transformed into a massive raid, unfurling a disturbing exposure of lawlessness and high-stakes gambling lurking beneath the surface.
Details of the Discovery
The FDNY team was not looking for criminal activity—they were on a routine inspection when they uncovered this shocking situation inside a cellar at 118-120 Elizabeth St. Among the immediate dangers were uncertified lithium-ion batteries, notorious for causing deadly blazes in the city. However, the inspectors would soon find out that this was just the start of their worries.
Upon further inspection, it was revealed that the cellar contained:
Five cramped bedrooms with a total of 10 cots, hot plates, and space heaters, but shockingly, without any secondary exits.
Severe life risks due to the congested layout and high clutter observed, as per the FDNY’s report stating, “Due to the mazelike nature of the cellar, lack of secondary egress, and heavy clutter, all the sleeping areas were considered severe life risks.”
Three storage rooms overflowing with counterfeit Prada bags and heaps of combustible materials.
Seventeen illegal slot machines lining the front hall along with a couch used for seating, indicating the intended gambling operations occurring in the space.
Life-Safety Risks Identified
FDNY Commissioner Robert S. Tucker remarked on the gravity of the situation by stating, “What our Fire Prevention members found was a disaster waiting to happen.” This highlights the precarious conditions residents and even unsuspecting guests could potentially face.
As the scope of the illicit operations became clear, the FDNY promptly solicited assistance from the Department of Buildings, which subsequently issued a vacate order for the cellar’s inhabitants. Backup from the NYPD Vice Squad was also sought; they seized the aforementioned slot machines along with the counterfeit merchandise.
Legal Consequences
In total, two FDNY summonses and two criminal summonses were issued as a result of the operation; however, it is noteworthy that no arrests were made during this incident.
Conclusion
This incident exemplifies the ongoing challenges surrounding illegal gambling operations and the significant dangers they pose not just to those directly involved but to the wider community as well. Authorities are continuously working to expose and put an end to such lawlessness.
As illegal gambling operations continue to pose severe risks, vigilance from both local authorities and community members is essential in ensuring safety and legality in urban environments.
Related Resources
Upcoming Poker Tournaments
Legislation Updates
Recent Gambling Scandals
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Long Island Cop Blew Sick Colleague’s $200K on OnlyFans, Gambling
Key Points: When exploring the high-stakes world of gambling, understanding the essential elements is crucial for any player. Whether you are stepping into a luxury casino or playing online, staying informed about the core mechanics and strategies can significantly impact your experience.
Cop duped fellow officer into $200K phony investment scheme
Prosecutors allege gambling and OnlyFans splurges with stolen funds
Nassau officer suspended without pay amid shocking trust betrayal
A police officer from Long Island, New York, named Leonard Cagno, stands accused of deceiving a sick colleague into investing $200,000 into an imaginary business. After luring his fellow officer into the scheme, he proceeded to squander the money within a mere two months, indulging in gambling and OnlyFans subscriptions. The remaining funds were reportedly wasted.
Cagno, aged 39 and from Oakdale, was taken into custody on September 17, facing charges for second-degree grand larceny. According to the prosecutors from Suffolk County, he solicited these funds under the guise that they would be invested in his company, BW Media Consulting, LLC. The victim, who remains unnamed, believed that the money would be directed towards legitimate investment activities.
Phony Business Pitch
Instead of investing the funds, Cagno opted for a new car, cleared his credit card debts, and spent lavishly on dining, gambling, and adult-content services. This behavior led to his suspension from the Nassau County Police Department without pay, as confirmed by a department spokesperson.
The deceived officer is an active member of the police force and was described by prosecutors as recuperating from a severe medical condition at the time he was persuaded to part with his money.
“The allegations here represent a shocking abuse of the essential trust that exists between fellow police officers,” said Suffolk District Attorney Ray Tierney. “This defendant is alleged to have preyed upon that trust for his own financial gain, violating one of the most crucial bonds in law enforcement.”
Records indicate that BW Media Consulting Inc. is an officially registered entity under New York law. The state documentation shows it was filed on February 20, 2020, remains active, and lists Leonard Cagno as its registered agent.
Not Guilty Plea
Cagno, who has served with the Nassau police department since 2015, according to salary records, entered a not guilty plea before Suffolk County Court Judge Jennifer Henry and was released without bail on his own recognizance. This case is under the jurisdiction of Assistant District Attorney Patrick Rooney from the Public Corruption Bureau, with the investigation conducted by the DA’s Public Corruption Squad.
If found guilty of second-degree grand larceny, a Class C felony, Cagno may face up to 15 years in prison under New York law. His next court appearance is scheduled for October 22.
Summary
The case of Leonard Cagno, a Long Island police officer accused of defrauding his sick colleague of $200,000, highlights serious issues of trust and ethical conduct within law enforcement. His subsequent spending on gambling and adult services raises questions about financial accountability and the measures safeguarding colleagues against such betrayal. As this case unfolds, it serves as a stark reminder of the potential consequences of misusing trust and funds in professional environments.
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How Casino Licenses in NYC are Changing Following the Rejection of Caesars and Avenir Bids
The recent decisions by the Community Advisory Committees (CACs) have significantly narrowed the competitive landscape for those seeking lucrative casino licenses in downstate New York. As of this week, the race to secure these prestigious casino licenses has become increasingly exclusive after two major bids—Caesars Palace Times Square and The Avenir—were voted down, leaving just six viable contenders remaining in the pursuit of gaming authority.
Only one remaining bid is in Manhattan
New York state can grant only three downstate gaming licenses
Caesars Palace and The Avenir were defeated in 4-2 votes
Before any casino project can advance, it needs to secure a three-fifths majority from its respective CAC. In this latest round, the CAC for Caesars Palace Times Square at 1515 Broadway and The Avenir, backed by prominent real estate mogul Larry Silverstein, both faced significant opposition.
With the rejections of Caesars Palace and The Avenir, the focus shifts to Freedom Plaza, the only remaining bid in Manhattan. This ambitious project is valued at over $11 billion and is proposed by the Soloviev Group in partnership with the Mohegan Tribe.
Freedom Plaza plans to transform a five-acre lot located immediately south of the United Nations Headquarters into an integrated resort featuring a casino, over 1,000 residential units (600 of which are proposed as affordable housing), and various community-centric amenities, such as a museum dedicated to democracy, a community centre, retail shops, and more.
Community Impact
CEO Michael Hershman argues that Manhattan deserves one of the three available gaming licenses due to its status as a significant tourist destination. He emphasized the project’s potential to generate community benefits:
Create a large public park to enhance waterfront accessibility
Provide jobs and economic stimulation through vibrant hotel and restaurant offerings
Deliver a significant boost to local community funding through legally binding agreements
“This project is about more than just a casino; it’s about revitalizing a neglected area and setting a precedent for urban development in New York City,” said Hershman.
However, the competition for the two remaining gaming licenses is intense, with analysts suggesting that prominent entities like MGM Resorts and Genting may have an edge, given their existing investments in the city:
MGM Resorts: Operates Empire City Casino in Yonkers
Genting: Runs Resorts World New York City in Queens
Hard Rock: In contention for a casino near the Mets ballpark
Saratoga Casino Holdings: Targeting Coney Island alongside the Chickasaw Nation
Bally’s: Still in the race for the Bronx license
Conclusion
The outcome of these casino bids will shape the landscape of gaming in downtown New York significantly. As the bidding war heats up, potential impacts on local housing, job creation, and community infrastructure will continue to be closely monitored by city authorities and residents alike.
Overall, the evolving casino landscape in NYC is a critical focal point for many stakeholders—community leaders, city planners, and gaming enthusiasts alike.
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Legal Battles and Labor Disputes: How Sexual Harassment Lawsuits Impact the Casino Industry
Understanding the core dynamics of the casino industry requires a deep dive into several essential elements. To grasp how this complex sector operates, one must consider these key points:
Former supervisor alleges persistent sexual harassment at Palms Casino
Complaint cites retaliation after reporting misconduct to management
Federal lawsuit claims emotional distress and wrongful termination
A former floor supervisor at the Palms Casino in Las Vegas has filed a lawsuit accusing the establishment and its management of ongoing sexual harassment, retaliation, and wrongful termination. This legal action has been transitioned from state court to federal court, necessitating a deeper investigation into the claims.
The plaintiff, Tinesha Wickliffe, asserts that she faced a long history of sexual misconduct and discriminatory behaviour throughout her employment at the casino. Her complaints highlight an alarming pattern of inappropriate conduct by a supervisor identified as Ray Del Vega, who allegedly began harassing her shortly after she was promoted to a floor supervisor role.
Incidents of Alleged Misconduct
Wickliffe was initially hired as a card dealer in May 2022, advancing to Dual Rate Floor Supervisor. However, she claims that from October 2022 onwards, Del Vega subjected her to undue harassment. Notable incidents include:
Inappropriately asking her while she bent over for materials if she wanted to engage in oral sex.
Making lewd comments and staring at her breasts in November 2022.
Groping her behind in January 2023.
Despite her reports to the management, specifically to female supervisor Noreliza Cailles, Wickliffe states there was no considerable action taken against Del Vega. After a request to be reassigned away from him was denied by a senior manager, she felt her concerns were dismissed, being told she was too sensitive.
Retaliation Claims
Following her complaints, Wickliffe alleges that she was subjected to retaliation by being:
Over-supervised and unfairly disciplined for attendance issues dating back over six months.
Denying her breaks and scheduling her on less favorable shifts.
Publicly humiliated and ultimately demoted back to her previous position as a dealer.
Wickliffe also claims that management engaged in ‘gaslighting,’ providing her with false claims that a video existed discrediting her allegations.
Constructive Termination
The conditions at work reportedly became intolerable, leading Wickliffe to resign, describing her exit as a constructive discharge. She is claiming damages for sexual discrimination, harassment, retaliation, wrongful termination, and emotional distress. The compensation sought includes punitive damages, lost wages, and attorney fees.
The Palms Casino has not filed an official response yet. When approached about Del Vega’s employment status, a spokesperson for the casino stated they could not comment on ongoing litigation and do not disclose individual employment details.
Conclusion
This situation underscores the importance of addressing workplace misconduct and ensuring that employees feel safe reporting incidents without retaliation. Wickliffe’s case may provoke a broader conversation on workplace standards in the hospitality and gaming industry.
Final Thoughts
It’s essential for workplaces, including casinos, to foster an environment where employees feel protected and empowered to report harassment. The lawsuit filed by Wickliffe not only highlights individual struggles but underscores the need for systemic change in how such cases are handled across industries.
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Analyst Sees Casino Resorts Potential in Wynn Resorts Stock as a Catalyst-Rich Investment
While stock performance is already on fire, analysts believe there is significant room for more upside as demand for luxury amenities continues to drive growth within the premier casino resorts sector.
Case can be made Wynn is still a value stock.
Shares of Wynn Resorts (NASDAQ: WYNN) have surged nearly 48% since the start of the year, with most of this rise occurring over the last three months. As the stock edges close to its 52-week highs, analysts suggest there remains significant potential for further gains.
According to Stifel analyst Steven Wieczynski, a “buy” rating on Wynn remains firmly in place, coupled with a revised price target of $145, which suggests an upside of about 20% based on current trading levels. This boost in expectations is driven by the sustained recovery in Macau and the increasing clarity surrounding Wynn’s projects in the United Arab Emirates (UAE).
“We believe there are multiple catalysts on the horizon that should allow shares to further appreciate over the next six to twelve months,” notes Wieczynski. “Valuation remains underwhelming and continues to discount the recovery in Macau, in our opinion.”
Wieczynski emphasizes that Macau’s robust recovery trajectory for 2025 suggests that the market may be overly pessimistic regarding the long-term gross gaming revenue (GGR) outlook in the region. Wynn’s strategy of focusing on premium mass customers and VIP visitors is poised to underpin its future growth.
Why Wynn Stock May Be Overvalued
Wieczynski presents a compelling multi-faceted argument for why Wynn’s shares may be fundamentally undervalued, even with the recent rally.
As of now, the stock has closed just below $129. The analyst estimates that Wynn’s Las Vegas assets alone are worth about $55 per share. An additional $3 can be attributed to the company’s unused land in Las Vegas. Another $10 per share comes from Encore Boston Harbor, while Wynn’s aspiring UAE casino resort is valued between $18 and $25 per share, which can reasonably be pegged at $20. In addition, the operator enjoys another $11 per share from its Macau royalty stream, amounting to $99 altogether — indicating that the two Macau properties account for a mere $30 of the current share price.
These estimates could appear conservative given that Wynn Macau plays a significant role in the overall earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue.
“Regardless of what environment you want to project for Macau, it is not justifiable to assign a valuation of roughly ~$20/share to their Macau assets,” asserts Wieczynski. “This line of reasoning seems fundamentally flawed. If you take Wynns’ current market cap, about $12.7B, and deduct their share in HK1128, their non-Macau assets would effectively be worth around $90/share, thus implying their Macau assets should be valued at least at $30/share. This uncomplicated math tends to go overlooked among investors, yet there must be a recognition of greater value (~$20/share) attributed to their Macau operations sometime down the road.”
Catalysts Abound for Wynn Stock
The plethora of catalysts expected for Wynn in the coming six to twelve months is impressive, including several UAE investor presentations scheduled for December. The commitment of resources and time to these events likely indicates that Wynns’ management is expecting positive outcomes from these discussions.
Other potential catalysts highlighted by Wieczynski encompass Wynn’s capacity to secure higher profits from its Macau segments as well as a resilience in Las Vegas against the negative factors impacting the broader casino landscape.
“We truly believe WYNN presents one of the more attractive buying opportunities under-evaluated across our coverage landscape,” concludes Wieczynski. “With numerous catalysts on the horizon and substantial upside potential relative to our conservative projections, we recommend taking a constructive position on WYNN shares at present levels, considering the risk/reward landscape appears very appealing.”
In summary, the analysis suggests that Wynn Resorts continues to navigate through a dynamic market environment with promising growth prospects driven by multiple catalysts. With a strong focus on high-value customers and upcoming strategic projects, Wynn seems to showcase a significant upside potential for investors looking for opportunities in the gaming sector.
https://grandrush.blueseo.co.za/wp-content/uploads/2026/04/pixabay-8677854-1776406171576.jpg8531280adminhttp://grandrush.blueseo.co.za/wp-content/uploads/sites/13/2022/09/9a7cf014-66d0-11ec-9d0a-62898edc0f74-1.pngadmin2025-12-11 16:59:232026-07-16 12:05:48Analyst Predicts Growth Potential for Casino Resorts: A Deep Dive into Wynn Resorts | 10BET
Genius Revolutionizes Media Strategy with Acquisition of Sports Innovation Lab to Unlock Advanced Sportsbook Data
Key Highlights: Our latest report dives deep into the evolving landscape of digital betting, specifically focusing on how real-time sportsbook data is revolutionizing the way operators manage risk and enhance user engagement.
Deal combines Genius league data with the target’s real-time fan activation platform.
Acquisition seen as a support for Genius’s media business.
Genius Sports (NYSE: GENI) recently announced its acquisition of Sports Innovation Lab. This move is designed to enhance Genius’s flourishing media unit, enabling greater integration of advanced data analytics with fan engagement strategies.
While financial details of this acquisition remain undisclosed, industry analysts speculate that Genius financed the purchase using a small proportion of its cash reserves, which exceed $220 million. This acquisition signals Genius’s commitment to expanding and supporting its advertising and media operations.
The acquisition accelerates the growth of Genius Sports’ media segment by harnessing the most robust official game data alongside the most comprehensive fan intelligence, providing significant benefits to advertisers and brands.
The combination of the Sports Innovation Lab with Genius’s existing FANHub platform, acquired four years ago, is seen as a potent merger that creates a wealth of data resources. This union is expected to appeal strongly to advertisers looking to target audiences with precision, connecting their campaigns directly to actual fan behaviours and driving measurable returns on investment.
Analyst Support for the Acquisition
Genius Sports’ stock has risen nearly 45% year to date, marking it as one of the top-performing equities in the gaming sector. The upward trend continued following the announcement of the Sports Innovation Lab acquisition, drawing positive feedback from equity analysts.
Texas Capital analyst David Bain commended the acquisition. He noted it enhances the potential for growth in a segment that is currently underappreciated in the investment sector. Bain expressed confidence that the merger of GENI’s data resources with Sports Innovation’s capabilities can deliver a uniquely targeted market at optimal engagement times for brand monetization.
Bain maintained a “buy” rating for Genius Sports and set a price target of $15 per share, suggesting a potential upside of around 20% from current valuations.
Genius Sports Media Business on the Rise
Industry observers often regard Genius Sports as one of the principal suppliers of data for sportsbook operators, a position that bodes well for long-term growth. However, its media division also plays a crucial role in overall momentum.
This segment accounted for approximately 22% of Genius’s revenue in the previous year, and Bain anticipates that it will gain more prominence during the upcoming investor day.
It seems likely that the media unit will contribute an even larger share of Genius’s earnings before interest, taxes, depreciation, and amortization (EBITDA) as the company progresses. Bain highlighted that Genius’s media services allow various types of customers to leverage their extensive data through multiple tools, including a self-service platform, enhancing its revenue-generating capacity.
As we look ahead, continued innovation in the gaming and media space will likely position Genius Sports as a prominent player in the evolving landscape of sports data and entertainment.
In Summary
The acquisition of Sports Innovation Lab by Genius Sports marks a significant step forward in fortifying its media business and capabilities. By expanding its data resources and enhancing fan engagement strategies, Genius is poised to increase its revenue potential and attract a broader audience for its advertising partners. As the industry continues to evolve, this acquisition may well set the stage for new opportunities and growth for Genius Sports in the competitive betting landscape.
https://grandrush.blueseo.co.za/wp-content/uploads/2026/04/pixabay-1441456-1776406193728.jpg8531280adminhttp://grandrush.blueseo.co.za/wp-content/uploads/sites/13/2022/09/9a7cf014-66d0-11ec-9d0a-62898edc0f74-1.pngadmin2025-12-11 02:20:362026-07-16 12:05:47How Genius Uses Sportsbook Data to Transform Media via Innovation Lab Acquisition | 10BET
How Casino Licenses Will Decide the Fate of the MGM Empire City Proposal in New York
Will the MGM Empire City Proposal Secure the Necessary Casino Licenses in New York?
The upcoming vote by MGM Empire City’s Community Advisory Committee next week will be a pivotal moment for the project, as the committees decision plays a crucial role in the regulatory roadmap required to secure the necessary casino licenses for the development.
MGM Empire City is vying for one of the three coveted downstate casino licenses available in New York. This week, the local Community Advisory Committee will make a crucial decision on a $2.3 billion proposal to transform the existing racino into a full-scale gaming venue. If successful, this venture promises to feature traditional Vegas-style slot machines, live-dealer table games, and retail sports betting.
The list of competitors seeking a license has dwindled, with recent rejections of other high-profile bids, including Caesars Palace Times Square. This strengthens MGM’s position as a front-runner for the licence.
The Community Advisory Committee for MGM has met four times, and their upcoming meeting holds unprecedented significance. To move forward, the proposal needs to secure at least three out of five votes from the committee members.
Favourable Odds for MGM
Unlike other proposals facing local resistance, MGM’s plans in Yonkers have garnered a generally positive reception. Empire City has operated as a racino with electronic table games and slot-like video lottery terminals (VLTs) for nearly twenty years. The acquisition of this property in January 2019 for $850 million from the Rooney family aimed to secure an advantage in obtaining a full-scale gaming license.
According to state legislation passed in 2013, three downstate casinos were authorised, but any licences could not be granted until 2023. This was designed to give upstate casinos a chance to flourish without the threat of competition from the more lucrative downstate market.
MGM has been a commendable community partner to Yonkers and Westchester County. Since taking over, the casino has contributed over $1.6 billion to the state’s education fund through its gaming proceeds.
Yonkers Mayor Mike Spano, who is a member of the Community Advisory Committee, endorses MGM’s proposal wholeheartedly. He emphasised that without a full-scale casino licence, the survival of Empire City is highly uncertain, endangering over a thousand jobs and millions in tax revenue for the community.
The Vision for MGM Empire City
Should MGM receive the full-scale casino licence, they plan to initiate a transformational overhaul worth $2.3 billion. This overhaul will include:
MGM anticipates completing its $2.3 billion investment by mid-2029, cementing its role as a major player in the New York casino scene.
Key Takeaways
In conclusion, whether or not MGM Empire City Casino secures the necessary votes to proceed with its ambitious plans will have significant implications for the Yonkers community and the broader New York gaming landscape.
John Cerasani Barred from Strip Casinos After Promoting Illegal Sports Betting Operations
John Cerasani Barred from Strip Casinos After Promoting Illegal Sports Betting Services
John Cerasani, a notable social media influencer who has declared himself the “greatest blackjack player to ever walk the land,” has found himself in hot water. He is now unwelcome at several prominent casino resorts on the Las Vegas Strip after publicly promoting an illegal offshore platform for sports betting and online gambling via his Instagram account.
Cerasani, who commands a following of over 614,000 on one Instagram account and an additional 173,000 on another, recently made endorsements for MyBookie.ag, an operator based in Curacao without necessary licenses to offer interactive gaming or sports betting in any US state. This company has been the target of cease-and-desist orders issued by US authorities, including a recent notice from the Michigan Gaming Control Board regarding violations of state gaming regulations.
The posts that Cerasani made included promotional imagery, suggesting that his financial relationship with the unregulated bookmaker was substantial, as he even provided his followers with promotional codes.
Currently, iGaming is only legal in seven states, while sports betting is permitted in 39. The allure of tax revenue and consumer protection are what drive the gaming industry’s proposals to state regulators, which risks being undermined by unlicensed offshore operators.
A source who requested anonymity disclosed to Casino.org that various casino operators on the Las Vegas Strip, wary of reputational damage and legal implications, have subsequently banned Cerasani from their properties.
Tribal Casinos Also Ban Cerasani Over MyBookie Flap
Additionally, the source revealed that Cerasani has also been barred from tribal casinos including Foxwoods in Connecticut and properties managed by Hard Rock International and Seminole Gaming.
The Seminole Tribe operates casinos in Florida under the renowned Hard Rock brand, while Hard Rock International manages similar establishments in the US and worldwide. Consequently, Cerasani’s recent bans have removed him from a number of casino venues across the nation, including the Hard Rock Casino Rockford in Illinois, close to his native Chicago.
It appears that Hard Rock and Seminole were among the earliest gaming companies to act when they discovered Cerasani’s promotion of MyBookie to his audience.
Legal and Regulatory Perspectives
Interestingly, Hard Rock Digital holds a monopoly on sports betting in Florida and is operational in states such as Arizona, Colorado, Illinois, Indiana, New Jersey, Ohio, Tennessee, and Virginia. Many of these jurisdictions have actively pursued cease-and-desist letters against unlicensed gaming entities, successfully eliminating many offshore operations from their markets.
Influencer Culture in the Gambling Scene
In recent years, casinos have adapted to attract a younger demographic, easing restrictions on filming on the casino floors to capture the attention of social media-savvy audiences. This has allowed influencers, including Cerasani, to rise to internet fame by leveraging their interactions with casinos and showcasing supposed winnings for their followers.
This influencer-driven engagement often resembles the tactics seen in penny stock promotions and digital currency hype, characterised by a lot of bravado and glitzy marketing.
Cerasani himself promotes a lifestyle of excessive success as he states: “A former W-2’er trying to share his path to a NOT GEN POP life. Entrepreneur. Venture Capitalist. Winner. The best blackjack player to ever walk the land,” on his YouTube profile.
In the influence of the current conversation, mainstream gambling perceptions are at a crossroads as traditional practices collide with modern marketing approaches and the ongoing legal landscape continues to evolve.
It remains to be seen how Cerasani will navigate his future as a gambling influencer or whether his attempts to regain access to casinos will be successful. The stakes in legal gambling extend beyond the table and into the social sphere, indicating a significant shift in the paradigm of gambling in America.
Key Takeaways:
In summary, John Cerasani’s case serves as a cautionary tale of the intersection between influencer marketing and regulatory compliance in the gambling industry. The rising influence of social media must be balanced with ethical practices and adherence to existing laws to ensure a sustainable future for all stakeholders involved.
How Reduced Property Taxes Impact Nebraska Casino Revenue | 10BET
How Rising Casino Revenue Is Offsetting Nebraskas Reduced Property Taxes
Nebraska’s 2020 decision to legalize gambling is proving to be a masterstroke for local homeowners, largely driven by a massive surge in casino revenue. As the state’s investment in slot machines, table games, and sports betting begins to yield substantial returns, a significant portion of this casino revenue is being reinvested directly back into the community. This influx of funds is transforming the local economy, providing much-needed property tax relief across the state. Here’s a deeper look into how rising casino revenue is actively aiding Nebraska homeowners.
Governor Jim Pillen recently announced that the revenue generated from Nebraska’s five gaming properties has exceeded expectations, allowing for an additional $20 million to be allocated towards property tax relief. “My priority is to fix our broken property tax system,” stated Pillen, emphasizing the importance of removing bureaucratic hurdles to ensure taxpayers receive maximum benefits.
How the Property Tax Savings Work
In total, through August 2025, the total taxes generated by these five casinos amounted to over $33 million. Notably, WarHorse Omaha led with a Gross Gaming Revenue (GGR) of $47.7 million, closely followed by WarHorse Lincoln at $42.4 million.
Challenges and Limitations for Online Betting
Currently, Nebraska restricts sports betting to in-person transactions at racetrack casinos, suppressing the market compared to states with both online and in-person betting options. Recent legislative efforts aimed to introduce online sports betting have been stalled due to a political standoff. As State Sen. Brad von Gillern pointed out, there are concerns regarding young individuals’ ability to manage online gambling responsibly, which influences legislative decisions.
As Nebraska continues to evolve its gambling landscape, taxes and revenue generated could significantly impact future public finance, especially in the realm of property taxes.
This transformative period for Nebraska’s gambling sector not only reshapes its economy but also brings essential financial relief to its residents. With more initiatives on the horizon, the potential for expanded offerings and further tax benefits remains high.
In Summary
Nebraska’s investment in casinos has greatly affected homeowners by lightening the burden of property taxes. With increasing revenues and a fresh perspective on gambling, this state is setting the stage for further economic benefits, demonstrating how regulated gaming can financially assist communities.
Las Vegas Strip Legends: Why The Golden Steer Steakhouse Remains an Icon Since 1958 | 10BET
Las Vegas Strip Myths Re-Busted: Why The Golden Steer Steakhouse Has Been a Gambling Legend Since 1958
EDITOR’S NOTE: “Vegas Myths Busted” is a new series dedicated to debunking common misconceptions about the legendary high-stakes lifestyle and the chaotic energy of the Las Vegas Strip.
The claim of “Est. 1958” shines brightly on the Golden Steer Steakhouse’s signage and promotional material, crafting an aura of timelessness and nostalgia. But how accurate is this date in the restaurant’s storied history?
While the Golden Steer Steakhouse insists on its illustrious history, critics call this narrative into question. In fact, the restaurant has a more complex timeline than what the signage implies.
A Slice of History
It’s often claimed that the Golden Steer has historic ties with the Rat Pack, a group of entertainers that included icons like Frank Sinatra, Dean Martin, and Sammy Davis Jr. The restaurant proudly showcases booths named after these stars, suggesting they dined there during their heyday.
However, recent investigations by Vintage Las Vegas reveal that the strip mall housing the Golden Steer, originally called the Lucky Shopping Center, didn’t open until late 1960—two years after the steakhouse’s claimed establishment date.
Steering You Wrong
The reality is that when it opened its doors in January of 1962, the Golden Steer had taken over a location that previously housed Valentino’s, a kosher restaurant. The restaurant current running had no relation to any earlier establishment named Golden Steer within Las Vegas.
The Golden Steer’s Authenticity Scrutinised
This correction, while disheartening for some, doesn’t completely dismiss claims of the eatery’s connections with the Rat Pack.
The premise, famous among diners, was that Sammy Davis Jr. introduced the group to the Golden Steer because it was friendly to their community during a time when other establishments were yet to embrace desegregation.
Yet the timeline reveals that the Las Vegas Strip had already been desegregated by March 1960—long before the doors of the Golden Steer opened.
Untangling the Truth
What’s irrefutable is that the Golden Steer claims to be the oldest continuously operating steakhouse in Las Vegas. Nonetheless, there also lay a contender for that title: Bob Taylor’s Original Ranch House, which has been around since 1955 at 6250 Rio Vista St., known for its robust and flavorful steaks.
While Golden Steer lays its claims quite fervently, Taylor’s establishment offers an authentic connection to the dining culture of Las Vegas before the neon lights shined bright.
In conclusion, the Golden Steer’s claims are mixed, as we’ve peeled back layers of misconceptions. It may not hold the title for the longest-running in town, but it certainly remains a monument to Las Vegas’s storied culinary and entertainment history.
Stay tuned for more interesting twists in the magnificent myths of Las Vegas, hitting the spotlight every Monday in our series, “Vegas Myths Busted.”
Illegal Slot Machines Discovered in Dangerous NYC Underground Gambling Den | 10BET
Illegal Slot Machines Found in NYC Death-Trap Cellar During Fire Investigation of Hidden Gambling Den
In an unexpected turn of events, FDNY inspectors stumbled upon a hidden underground den in Lower Manhattan’s Chinatown, where the rhythmic chime and spinning reels of illegal slot machines echoed through the clandestine space. What began as a routine inspection prompted by a complaint regarding unsafe lithium battery charging practices quickly transformed into a massive raid, unfurling a disturbing exposure of lawlessness and high-stakes gambling lurking beneath the surface.
Details of the Discovery
The FDNY team was not looking for criminal activity—they were on a routine inspection when they uncovered this shocking situation inside a cellar at 118-120 Elizabeth St. Among the immediate dangers were uncertified lithium-ion batteries, notorious for causing deadly blazes in the city. However, the inspectors would soon find out that this was just the start of their worries.
Significant Safety Violations
Upon further inspection, it was revealed that the cellar contained:
Life-Safety Risks Identified
FDNY Commissioner Robert S. Tucker remarked on the gravity of the situation by stating, “What our Fire Prevention members found was a disaster waiting to happen.” This highlights the precarious conditions residents and even unsuspecting guests could potentially face.
Authorities Take Action
As the scope of the illicit operations became clear, the FDNY promptly solicited assistance from the Department of Buildings, which subsequently issued a vacate order for the cellar’s inhabitants. Backup from the NYPD Vice Squad was also sought; they seized the aforementioned slot machines along with the counterfeit merchandise.
Legal Consequences
In total, two FDNY summonses and two criminal summonses were issued as a result of the operation; however, it is noteworthy that no arrests were made during this incident.
Conclusion
This incident exemplifies the ongoing challenges surrounding illegal gambling operations and the significant dangers they pose not just to those directly involved but to the wider community as well. Authorities are continuously working to expose and put an end to such lawlessness.
As illegal gambling operations continue to pose severe risks, vigilance from both local authorities and community members is essential in ensuring safety and legality in urban environments.
Related Resources
Long Island Cop Blew Sick Colleague’s $200K on OnlyFans, Gambling
Long Island Cop Blew Sick Colleague’s $200K on OnlyFans, Gambling
Key Points: When exploring the high-stakes world of gambling, understanding the essential elements is crucial for any player. Whether you are stepping into a luxury casino or playing online, staying informed about the core mechanics and strategies can significantly impact your experience.
A police officer from Long Island, New York, named Leonard Cagno, stands accused of deceiving a sick colleague into investing $200,000 into an imaginary business. After luring his fellow officer into the scheme, he proceeded to squander the money within a mere two months, indulging in gambling and OnlyFans subscriptions. The remaining funds were reportedly wasted.
Cagno, aged 39 and from Oakdale, was taken into custody on September 17, facing charges for second-degree grand larceny. According to the prosecutors from Suffolk County, he solicited these funds under the guise that they would be invested in his company, BW Media Consulting, LLC. The victim, who remains unnamed, believed that the money would be directed towards legitimate investment activities.
Phony Business Pitch
Instead of investing the funds, Cagno opted for a new car, cleared his credit card debts, and spent lavishly on dining, gambling, and adult-content services. This behavior led to his suspension from the Nassau County Police Department without pay, as confirmed by a department spokesperson.
The deceived officer is an active member of the police force and was described by prosecutors as recuperating from a severe medical condition at the time he was persuaded to part with his money.
Records indicate that BW Media Consulting Inc. is an officially registered entity under New York law. The state documentation shows it was filed on February 20, 2020, remains active, and lists Leonard Cagno as its registered agent.
Not Guilty Plea
Cagno, who has served with the Nassau police department since 2015, according to salary records, entered a not guilty plea before Suffolk County Court Judge Jennifer Henry and was released without bail on his own recognizance. This case is under the jurisdiction of Assistant District Attorney Patrick Rooney from the Public Corruption Bureau, with the investigation conducted by the DA’s Public Corruption Squad.
If found guilty of second-degree grand larceny, a Class C felony, Cagno may face up to 15 years in prison under New York law. His next court appearance is scheduled for October 22.
Summary
The case of Leonard Cagno, a Long Island police officer accused of defrauding his sick colleague of $200,000, highlights serious issues of trust and ethical conduct within law enforcement. His subsequent spending on gambling and adult services raises questions about financial accountability and the measures safeguarding colleagues against such betrayal. As this case unfolds, it serves as a stark reminder of the potential consequences of misusing trust and funds in professional environments.
Casino Licenses in NYC: Bids Reduced After Caesars and Avenir Rejections | 10BET
How Casino Licenses in NYC are Changing Following the Rejection of Caesars and Avenir Bids
The recent decisions by the Community Advisory Committees (CACs) have significantly narrowed the competitive landscape for those seeking lucrative casino licenses in downstate New York. As of this week, the race to secure these prestigious casino licenses has become increasingly exclusive after two major bids—Caesars Palace Times Square and The Avenir—were voted down, leaving just six viable contenders remaining in the pursuit of gaming authority.
Before any casino project can advance, it needs to secure a three-fifths majority from its respective CAC. In this latest round, the CAC for Caesars Palace Times Square at 1515 Broadway and The Avenir, backed by prominent real estate mogul Larry Silverstein, both faced significant opposition.
Freedom Plaza’s Prospects
With the rejections of Caesars Palace and The Avenir, the focus shifts to Freedom Plaza, the only remaining bid in Manhattan. This ambitious project is valued at over $11 billion and is proposed by the Soloviev Group in partnership with the Mohegan Tribe.
Freedom Plaza plans to transform a five-acre lot located immediately south of the United Nations Headquarters into an integrated resort featuring a casino, over 1,000 residential units (600 of which are proposed as affordable housing), and various community-centric amenities, such as a museum dedicated to democracy, a community centre, retail shops, and more.
Community Impact
CEO Michael Hershman argues that Manhattan deserves one of the three available gaming licenses due to its status as a significant tourist destination. He emphasized the project’s potential to generate community benefits:
However, the competition for the two remaining gaming licenses is intense, with analysts suggesting that prominent entities like MGM Resorts and Genting may have an edge, given their existing investments in the city:
Conclusion
The outcome of these casino bids will shape the landscape of gaming in downtown New York significantly. As the bidding war heats up, potential impacts on local housing, job creation, and community infrastructure will continue to be closely monitored by city authorities and residents alike.
Overall, the evolving casino landscape in NYC is a critical focal point for many stakeholders—community leaders, city planners, and gaming enthusiasts alike.
How Sexual Harassment Lawsuits Impact the Casino Industry: Former Palms Supervisor Sues for Retaliation
Legal Battles and Labor Disputes: How Sexual Harassment Lawsuits Impact the Casino Industry
Understanding the core dynamics of the casino industry requires a deep dive into several essential elements. To grasp how this complex sector operates, one must consider these key points:
A former floor supervisor at the Palms Casino in Las Vegas has filed a lawsuit accusing the establishment and its management of ongoing sexual harassment, retaliation, and wrongful termination. This legal action has been transitioned from state court to federal court, necessitating a deeper investigation into the claims.
The plaintiff, Tinesha Wickliffe, asserts that she faced a long history of sexual misconduct and discriminatory behaviour throughout her employment at the casino. Her complaints highlight an alarming pattern of inappropriate conduct by a supervisor identified as Ray Del Vega, who allegedly began harassing her shortly after she was promoted to a floor supervisor role.
Incidents of Alleged Misconduct
Wickliffe was initially hired as a card dealer in May 2022, advancing to Dual Rate Floor Supervisor. However, she claims that from October 2022 onwards, Del Vega subjected her to undue harassment. Notable incidents include:
Despite her reports to the management, specifically to female supervisor Noreliza Cailles, Wickliffe states there was no considerable action taken against Del Vega. After a request to be reassigned away from him was denied by a senior manager, she felt her concerns were dismissed, being told she was too sensitive.
Retaliation Claims
Following her complaints, Wickliffe alleges that she was subjected to retaliation by being:
Wickliffe also claims that management engaged in ‘gaslighting,’ providing her with false claims that a video existed discrediting her allegations.
Constructive Termination
The conditions at work reportedly became intolerable, leading Wickliffe to resign, describing her exit as a constructive discharge. She is claiming damages for sexual discrimination, harassment, retaliation, wrongful termination, and emotional distress. The compensation sought includes punitive damages, lost wages, and attorney fees.
The Palms Casino has not filed an official response yet. When approached about Del Vega’s employment status, a spokesperson for the casino stated they could not comment on ongoing litigation and do not disclose individual employment details.
Conclusion
This situation underscores the importance of addressing workplace misconduct and ensuring that employees feel safe reporting incidents without retaliation. Wickliffe’s case may provoke a broader conversation on workplace standards in the hospitality and gaming industry.
Final Thoughts
It’s essential for workplaces, including casinos, to foster an environment where employees feel protected and empowered to report harassment. The lawsuit filed by Wickliffe not only highlights individual struggles but underscores the need for systemic change in how such cases are handled across industries.
Analyst Predicts Growth Potential for Casino Resorts: A Deep Dive into Wynn Resorts | 10BET
Analyst Sees Casino Resorts Potential in Wynn Resorts Stock as a Catalyst-Rich Investment
While stock performance is already on fire, analysts believe there is significant room for more upside as demand for luxury amenities continues to drive growth within the premier casino resorts sector.
Case can be made Wynn is still a value stock.
Shares of Wynn Resorts (NASDAQ: WYNN) have surged nearly 48% since the start of the year, with most of this rise occurring over the last three months. As the stock edges close to its 52-week highs, analysts suggest there remains significant potential for further gains.
According to Stifel analyst Steven Wieczynski, a “buy” rating on Wynn remains firmly in place, coupled with a revised price target of $145, which suggests an upside of about 20% based on current trading levels. This boost in expectations is driven by the sustained recovery in Macau and the increasing clarity surrounding Wynn’s projects in the United Arab Emirates (UAE).
Wieczynski emphasizes that Macau’s robust recovery trajectory for 2025 suggests that the market may be overly pessimistic regarding the long-term gross gaming revenue (GGR) outlook in the region. Wynn’s strategy of focusing on premium mass customers and VIP visitors is poised to underpin its future growth.
Why Wynn Stock May Be Overvalued
Wieczynski presents a compelling multi-faceted argument for why Wynn’s shares may be fundamentally undervalued, even with the recent rally.
As of now, the stock has closed just below $129. The analyst estimates that Wynn’s Las Vegas assets alone are worth about $55 per share. An additional $3 can be attributed to the company’s unused land in Las Vegas. Another $10 per share comes from Encore Boston Harbor, while Wynn’s aspiring UAE casino resort is valued between $18 and $25 per share, which can reasonably be pegged at $20. In addition, the operator enjoys another $11 per share from its Macau royalty stream, amounting to $99 altogether — indicating that the two Macau properties account for a mere $30 of the current share price.
These estimates could appear conservative given that Wynn Macau plays a significant role in the overall earnings before interest, taxes, depreciation, and amortization (EBITDA) and revenue.
“Regardless of what environment you want to project for Macau, it is not justifiable to assign a valuation of roughly ~$20/share to their Macau assets,” asserts Wieczynski. “This line of reasoning seems fundamentally flawed. If you take Wynns’ current market cap, about $12.7B, and deduct their share in HK1128, their non-Macau assets would effectively be worth around $90/share, thus implying their Macau assets should be valued at least at $30/share. This uncomplicated math tends to go overlooked among investors, yet there must be a recognition of greater value (~$20/share) attributed to their Macau operations sometime down the road.”
Catalysts Abound for Wynn Stock
The plethora of catalysts expected for Wynn in the coming six to twelve months is impressive, including several UAE investor presentations scheduled for December. The commitment of resources and time to these events likely indicates that Wynns’ management is expecting positive outcomes from these discussions.
Other potential catalysts highlighted by Wieczynski encompass Wynn’s capacity to secure higher profits from its Macau segments as well as a resilience in Las Vegas against the negative factors impacting the broader casino landscape.
“We truly believe WYNN presents one of the more attractive buying opportunities under-evaluated across our coverage landscape,” concludes Wieczynski. “With numerous catalysts on the horizon and substantial upside potential relative to our conservative projections, we recommend taking a constructive position on WYNN shares at present levels, considering the risk/reward landscape appears very appealing.”
In summary, the analysis suggests that Wynn Resorts continues to navigate through a dynamic market environment with promising growth prospects driven by multiple catalysts. With a strong focus on high-value customers and upcoming strategic projects, Wynn seems to showcase a significant upside potential for investors looking for opportunities in the gaming sector.
How Genius Uses Sportsbook Data to Transform Media via Innovation Lab Acquisition | 10BET
Genius Revolutionizes Media Strategy with Acquisition of Sports Innovation Lab to Unlock Advanced Sportsbook Data
Key Highlights: Our latest report dives deep into the evolving landscape of digital betting, specifically focusing on how real-time sportsbook data is revolutionizing the way operators manage risk and enhance user engagement.
Genius Sports (NYSE: GENI) recently announced its acquisition of Sports Innovation Lab. This move is designed to enhance Genius’s flourishing media unit, enabling greater integration of advanced data analytics with fan engagement strategies.
While financial details of this acquisition remain undisclosed, industry analysts speculate that Genius financed the purchase using a small proportion of its cash reserves, which exceed $220 million. This acquisition signals Genius’s commitment to expanding and supporting its advertising and media operations.
The combination of the Sports Innovation Lab with Genius’s existing FANHub platform, acquired four years ago, is seen as a potent merger that creates a wealth of data resources. This union is expected to appeal strongly to advertisers looking to target audiences with precision, connecting their campaigns directly to actual fan behaviours and driving measurable returns on investment.
Analyst Support for the Acquisition
Genius Sports’ stock has risen nearly 45% year to date, marking it as one of the top-performing equities in the gaming sector. The upward trend continued following the announcement of the Sports Innovation Lab acquisition, drawing positive feedback from equity analysts.
Texas Capital analyst David Bain commended the acquisition. He noted it enhances the potential for growth in a segment that is currently underappreciated in the investment sector. Bain expressed confidence that the merger of GENI’s data resources with Sports Innovation’s capabilities can deliver a uniquely targeted market at optimal engagement times for brand monetization.
Bain maintained a “buy” rating for Genius Sports and set a price target of $15 per share, suggesting a potential upside of around 20% from current valuations.
Genius Sports Media Business on the Rise
Industry observers often regard Genius Sports as one of the principal suppliers of data for sportsbook operators, a position that bodes well for long-term growth. However, its media division also plays a crucial role in overall momentum.
This segment accounted for approximately 22% of Genius’s revenue in the previous year, and Bain anticipates that it will gain more prominence during the upcoming investor day.
It seems likely that the media unit will contribute an even larger share of Genius’s earnings before interest, taxes, depreciation, and amortization (EBITDA) as the company progresses. Bain highlighted that Genius’s media services allow various types of customers to leverage their extensive data through multiple tools, including a self-service platform, enhancing its revenue-generating capacity.
As we look ahead, continued innovation in the gaming and media space will likely position Genius Sports as a prominent player in the evolving landscape of sports data and entertainment.
In Summary
The acquisition of Sports Innovation Lab by Genius Sports marks a significant step forward in fortifying its media business and capabilities. By expanding its data resources and enhancing fan engagement strategies, Genius is poised to increase its revenue potential and attract a broader audience for its advertising partners. As the industry continues to evolve, this acquisition may well set the stage for new opportunities and growth for Genius Sports in the competitive betting landscape.