Wynn Resorts Falls Short of Wall Street Q1 Expectations
Wynn Resorts reported Q1 results that missed Wall Street estimates, as lower earnings from Macau and US casinos, along with weak VIP gambling results, pulled down revenue and...
Boyd, Wynn and Caesars casinos urged to go smoke-free
The American Nonsmokers’ Rights Foundation (ANRF), together with Trinity Health, has submitted shareholder proposals to Boyd Gaming, Wynn Resorts, Caesars Entertainment, and Penn Entertainment asking for a formal study on the financial pros and cons of eliminating indoor smoking in casinos.
Boyd and Wynn’s boards are strongly opposing the inquiry, advising shareholders to vote “no” ahead of their annual meetings on April 30 and May 8. It’s not the first time this issue has come up. Last year, despite getting more than 60 million votes in support, the suggestion did not pass.
Cynthia Hallett, President and CEO of ANRF, said:
“There are clear business risks to allowing indoor smoking in casinos, including higher health insurance premiums, higher maintenance costs, and a significant deterrent to potential visitors due to secondhand smoke exposure.”
However, casino executives do not desire to go for the smoking ban, thinking that it could hurt business, especially in those states where nearby competitors still allow smoking.
Right now, 11 of the 27 states with commercial casinos have gone fully smoke-free, including famous names like New York, Massachusetts, and Maryland.
Boyd Gaming starts 2025 with $991M in Q1 revenue
Boyd Gaming reports a good start to 2025 with a solid start, pulling in almost $1 billion in revenue for the first quarter.From January through March, Boyd earned $991.6...
