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Rumors News

A little bit of gossip goes a long way – especially in the fast paced world of online gaming. We stay close to the grapevine to make sure we get you the juiciest details as quickly as possible.

Don’t be left out in the cold and stay clued up on who’s winning what, who’s busting out and who’s busting up with our rumor mill.

Wynns’ He Said, She Said Battles Continue About Who Did What to Whom and When

Elaine Wynn denies she set out for revenge against Wynn Resorts

In the fight between Elaine Wynn and her ex-husband Steve, it all depends who you believe as allegations continue to fly, even more than a week after the dishonored CEO left his position at Wynn Resorts. For example, Todd Bice, a lawyer representing her ex-husband Steve, claims that Elaine once told the Wynn Resorts general…Read More

Australian Detained in China Online Gambling Bust

China online gambling arrests include Australian

An Australian man is believed to be among 52 people arrested in China last week for online gambling offenses, according to the Australian Financial Review. The arrests were announced on February 7 by the official Chinese news agency Xinhua, although no names of arrestees were reported. Likewise, AFR, did not disclose the identity of the…Read More

Malta Gaming Authority Launches Mafia Crackdown

enedetto Bacchi arrest prompts Malta Gaming Authority Action

The Malta Gaming Authority is launching a wide-scale investigation into its Italian licensees for links to organized crime. According to “high-ranking Maltese sources” who spoke to Gambling Compliance this week, this is the first phase of a larger probe into all Italian businesses based in Malta. The country has been embarrassed by a string of…Read More

Elaine Wynn Regains Control of Wynn Resort Shares in Aftermath of Ex-Husband’s Resignation

Steve and Elaine Wynn

Elaine Wynn — ex-wife of now-disgraced gaming tycoon Steve Wynn — is getting the last laugh in one of the most antagonistic post-divorce court fights in gaming history. The former couple, who founded Wynn Resorts in 2002 with Japanese pachinko billionaire Kazuo Okada, have been locked in a bitter legal feud over company shares for…Read More

Could an Asian Wynn Resorts Buyout Happen? Experts Say It’s Possible, and Steve Wynn Can’t Stop It

Jim Murren Steve Wynn sex scandal

It’s been a whirlwind few weeks for Wynn Resorts and its recently dethroned ex-leader, Steve Wynn. But gaming industry analysts think the rollercoaster ride may not have ground to a halt just yet. They believe a company takeover is, in fact, likely, with potential suitors being large conglomerates in Asia, or even competitor MGM Resorts….Read More

CEO Steve Wynn Steps Down After Weeks of Sex Scandal Rumors, Stock Price Rebounds on News of Resignation

Steve Wynn resignation scandal

Wynn Resorts Chairman and CEO Steve Wynn has submitted his resignation to the company he founded, amid an expanding sexual misconduct scandal that was hurting both the company’s stock prices and convention business. The company issued a statement early Tuesday evening confirming Wynn’s departure. The 76-year-old, credited with playing the most significant role in developing…Read More

Las Vegas Review-Journal Knew About Steve Wynn Allegations 20 Years Ago, Settlement LLC Revealed

Las Vegas Review-Journal Steve Wynn

The Las Vegas Review-Journal almost exposed the sexual misconduct allegations now being brought to light against casino magnate Steve Wynn two decades ago, but editors at the time opted to kill the report after meeting with attorneys representing the billionaire. Nevada’s largest newspaper, the Review-Journal admitted this week that after canning the article, journalist Carri…Read More

Wynn Resorts Hires Prominent Law Firm to Assist in Sexual Misconduct Scandal

Wynn Resorts sexual misconduct

Wynn Resorts has hired Los Angeles-based law firm O’Melveny & Myers to assist the casino conglomerate in handling the sexual harassment claims being made against its founder and CEO Steve Wynn. The prominent international law firm specializes in white-collar defense, and recently represented Trump University, President Donald Trump’s defunct for-profit real estate training program. In…Read More

Massachusetts Seeks Plan B in Case Wynn Boston Harbor Sunk by Suitability Probe

US Representative Michael Capuano wants Plan B for Wynn Boston Harbor

Massachusetts lawmakers are pushing for a ‘Plan B’ in case state regulators deem Steve Wynn and Wynn Resorts unsuitable to be licensed for the Wynn Boston Harbor. The company’s eponymous CEO is facing an investigation by the Massachusetts Gaming Commission over what the Wall Street Journal has called “a decades-long pattern of sexual misconduct.” Meanwhile,…Read More

South Carolina Lottery in Lawsuit Hell After Printing 42,000 Winning Tickets on Christmas Day

Is South Carolina Lottery the victim of a Bad Santa?

The South Carolina Lottery is facing a lose-lose situation over a botched lottery game that allowed everyone who played it to win-win. For players of the Holiday Cash Add-A-Play game, it was like Christmas had come early, except that it actually was Christmas, so in this case Christmas was pretty much bang on time. Because,…Read More

DraftKings Will ‘Go After’ Sports Betting, says CEO

DraftKings’ sports betting is on, says Jason Robins

It’s official: a DraftKings’ sports betting platform will happen if the US Supreme Court strikes down the federal ban later this year. CEO Jason Robins dropped the highly anticipated bombshell to the Associated Press on Thursday. DraftKings would “certainly be going after it,” he said. I think the Supreme Court – I’m hopeful – will…Read More

New Rumors Swirl That $7.5 Million Wynn Payout Involved Paternity Suit, as CEO Tells Employees Company Has ‘Family Culture’

Startling new information about Steve Wynn coming from Bloomberg News suggested on Friday that the $7.5 million payout made to a female employee with whom the CEO allegedly had non-consensual sex may have been made to quell a paternity suit. Bloomberg notes in its story that while no actual evidence exists to support such rumors,…Read More

China Eyes Hainan Island for Second Gambling Hub, Macau Casino Stocks Dive

Hainan to become second Chinese casino hub?

China’s Hainan Island could soon be competing with Macau for gamblers from the mainland following reports that officials in Beijing are considering transforming the southern tourist destination into the country’s second legal gambling hub. The news, which came a day after the Macau gaming regulator reported 18 consecutive monthly gains and more than 36 percent…Read More

Las Vegas Police Say Nobody Witnessed Stephen Paddock Suicide

Stephen Paddock

Las Vegas police cleared up one of the more confusing aspects of the timeline surrounding the October 1 shooting at the Route 91 Harvest music festival, confirming that while Stephen Paddock killed himself, nobody actually witnessed him doing so. According to Sgt. Jerry MacDonald of the Las Vegas Metropolitan Police Department, Paddock was already dead…Read More

Steve Wynn Investigation Launched by Nevada Gaming Control Board, Potential Penalties Significant

Steve Wynn sexual misconduct scandal

Steve Wynn is the subject of a formal Nevada Gaming Control Board (NGCB) investigation, as the state regulator confirmed this week that it’s reviewing the sexual misconduct allegations being made against the Las Vegas tycoon. Last week, the Wall Street Journal published a report with claims from numerous female Wynn Resorts workers that allege the…Read More