Las Vegas

Wynn Resorts casino deal gets axed after details leak

ustralian gambling giant Crown Resorts logo
Australian gambling giant Crown Resorts logo. Photo: William West/AFP/Getty Images

Wynn Resorts offered to buy Australian casino operator Crown Resorts for $7.1 billion, or $14.75 per share (26% premium to yesterday's closing price). Then, within the past hour, it said it was terminating talks because deal details leaked.

Why it matters: Wynn Resorts has been on the ropes since last year's ouster of founder Steve Wynn over sexual assault allegations, and buying Crown could help it become too large to digest for acquisitive Las Vegas rivals. Plus, it reflects a weakening gaming market in Macau, which is currently Wynn's only Asia location.

Supreme Court declines second request to block bump stock ban

Semi-Automatic Rifles Equipped With Bump Stocks Used At Gun Range
Photo: George Frey/Getty Images

The U.S. Supreme Court declined a second request to block the Trump administration's enforcement of the bump stock ban, reports AP.

Details: Chief Justice John Roberts refused to hear the first request on Tuesday — the same day the ban became effective — per AP. Bump stocks allow semiautomatic weapons to fire like machine guns, which President Trump promised to ban after bump stocks were used in 2017's Las Vegas shooting.