01:21 PM EDT, 05/19/2025 (MT Newswires) -- (Updates with Wynn's response to a request or comment.)

Wynn Resorts ( WYNN ) will not apply for a casino license in New York, citing local opposition and a rezoning process that makes the project less attractive.

"After careful consideration, we have decided not to lodge an application for a gaming license in New York City," a Wynn spokesperson said in an emailed statement to MT Newswires. "The recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buy backs, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employee 5,000 New Yorkers."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 96.71, Change: -0.05, Percent Change: -0.05