The Wynn investigation continues: A report by Massachusetts gaming investigators into Wynn Resorts is expected to conclude that some company managers knew of allegations against casino mogul Steve Wynn but failed to report or investigate them. An internal investigation by Wynn Resorts’ board, as well as the investigation undertaken by Massachusetts gaming investigators, found that “some individuals who were members of management at the time the (Wynn Resorts) Special Committee issued its report were aware of those allegations but failed to report or investigate them, contrary to Company policy,” according to a settlement released to the public Thursday.
Setback for Airbnb, HomeAway: Airbnb and Expedia Group’s HomeAway failed to persuade a U.S. court of appeals to strike down a Santa Monica, California law that makes the companies liable for illicit rentals in the Southern California beach city. The ruling marks a setback for the home-sharing platforms in their effort to avoid regulation by cities that blame the rapid proliferation of short-term rentals for a shortage of affordable housing and a disintegration of residential communities.
IHG in Wagga Wagga: IHG will open a flagship regional Holiday Inn in Wagga Wagga in early 2021, following the signing of a management agreement with Interlink Group of Australia. With 148 rooms, Holiday Inn & Suites Wagga Wagga will be the largest hotel in the city, as well as a unique iteration of the brand.
Ctrip and Millennium: One of China’s largest integrated travel services companies Ctrip.com International has signed an agreement with upscale global hoteliers Millennium Hotels and Resorts to develop a global distribution strategy promoting Millennium properties to Ctrip’s 300 million customer base. The agreement was announced at ITB Berlin.
Meliá in Vietnam: Spanish hotel group Meliá Hotels International has signed a new property in Vietnam, extending the group’s presence in the country where it currently operates six hotels, with an additional seven in the pipeline. The company will take over the management of The Reed Hotel, Ninh Binh, Vietnam in May 2019. The new Ninh Binh property will open under the Group’s wellness-focused brand, Meliá Hotels & Resorts in 2020, following a complete refurbishment.