(Reuters) - Citigroup initiated coverage of Wynn Resorts Ltd with a "sell" rating and a price target of USD 29, and said it does not see any catalysts for the stock until the second half of 2009. "Although we believe Wynn is the best positioned U.S. (casino) operator in Macau, the opening of Encore in Las Vegas, visa issues and commission caps in Macau leave many landmines in the road ahead," analyst Anil Daswani said in a note to clients.

New York - CIT Group Inc., a leading global commercial finance company, today announced that it acted as the sole lead arranger for the re-capitalization of Double Eagle Resorts, Inc. and Gold Creek Ventures, LLC, wholly-owned subsidiaries of Colorado Casino Resorts. Double Eagle Hotel & Casino is located in Cripple Creek, Colorado and features a 48,000 square foot casino, a 158-room hotel, restaurants and conference center.