|Bid||193.7600 x 1200|
|Ask||193.8900 x 1100|
|Day's range||192.1800 - 195.0000|
|52-week range||123.3200 - 203.6300|
|PE ratio (TTM)||26.67|
|Earnings date||23 Jul 2018 - 27 Jul 2018|
|Forward dividend & yield||3.00 (1.54%)|
|1y target est||212.31|
Did you read about the big shareholder activist win this week? A few months ago, not long after the company’s chief executive resigned in disgrace, and its share price was in danger of collapsing, the activist gained control of 9 percent of the stock, worth about $2 billion. This made her the company’s largest shareholder.
EVERETT, Mass. (AP) — Wynn Resorts has removed nearly 1 million tons of contaminated sediment from the former chemical plant site where it's building a $2.5 billion Boston-area casino.
The nine justices recently ruled the decades-long federal ban on sports betting violates the constitution. The Supreme Court said that in the absence of specific regulations enacted by Congress, states can allow sports betting. With more than 30 states about to enact regulations that would allow sports betting within their borders, sports betting is an industry on the rise.
The board of directors and CEO of Wynn Resorts on Wednesday sought to show shareholders they are working to strengthen the casino operator's corporate culture and moving it forward without its founder. Shareholders gathered in Las Vegas for the company's annual meeting learned of the many corporate initiatives implemented since the resignation of founder Steve Wynn amid sexual misconduct allegations earlier this year. Shareholders asked CEO Matt Maddox about the company's project near Boston, operations in Macau and its political contributions, but none raised questions over the accusations, which Wynn has denied, or the ongoing internal investigation.
Steve Wynn’s claim that he can’t be accused of ogling female dancers because he’s legally blind doesn’t hold water, according to a women’s rights lawyer sued by Wynn for allegedly defaming him. Legal blindness isn’t equivalent to clinical blindness and there’s no reason to think that Wynn, a well-known art collector, isn’t capable of seeing things, lawyer Lisa Bloom said Wednesday in a bid to throw out Wynn’s defamation lawsuit. “While Mr. Wynn’s eyesight may be less than ideal, it is clear that he can still see,” Bloom said in her request in federal court in Las Vegas.
Wynn Resorts Ltd. director Patricia Mulroy said a special committee looking into complaints of sexual harassment against its former chief executive officer will conclude its work in the third quarter.
Wynn Resorts Ltd. may soon wrap up one aspect of its months-long struggle since its former chief executive officer was accused of rampant sexual harassment, as a special committee looking into the complaints completes its work. The committee will conclude the probe in the third quarter, after interviewing 114 people and reviewing more than 3 million pages of documents, Director Patricia Mulroy said Wednesday at the company’s annual meeting in Las Vegas. The board expanded the scope of its probe after co-founder Steve Wynn stepped down as CEO in February following a wave of allegations.
Zacks Investment Ideas feature highlights: Wynn Resorts, Las Vegas Sands, Caesar???s Entertainment, Penn National Gaming and International Game Technology
A non-gambler who jokes that his idea of excitement is walking the family dog — a corgi — the conservatively suited eldest son of Hong Kong billionaire Lui Che-woo runs Galaxy Entertainment Group, the world’s second-biggest gaming company by market capitalisation, from a modest mid-rise office in Hong Kong. Sixty kilometres west in Macau, the world’s largest gambling hub, Galaxy has grown from operating one small casino in 2004 to emerge last year as the market leader, with 22.6 per cent of gross gaming revenue, according to boutique investment bank Union Gaming. This puts Galaxy just ahead of the 22.3 per cent take of Sands China, the local unit of Las Vegas Sands, the largest gaming company by market cap.
LAS VEGAS (AP) — Ahead of Wynn Resorts annual shareholders meeting, the casino operator's four female directors sought to reassure employees the company is committed to moving onto a new chapter following the sexual misconduct scandal that engulfed its founder earlier this year.
Third Point, the activist fund run by Dan Loeb, exited a series of high-profile positions during the first quarter, including stakes in Honeywell International Inc., Time Warner Inc., MGM Resorts International ...
Activist investor Dan Loeb's Third Point LLC acquired stakes in embattled Wynn Resorts Ltd. and United Technologies Corp. during the second quarter, according to regulatory filings on Tuesday. Hedge fund Third Point showed that it bought 7.1 million shares of United Tech worth about $893 million and 1.54 million shares of Wynn for about $280 million, according to filing tracker Whalewisdom.com. Meanwhile, Loeb sold his entire roughly 1.9 million share position in health-care provider Aetna Inc. , and increased his stake in Facebook Inc. to 4 million shares, adding 600,000 shares in the first three months of the year, according to filings.
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After a bitter proxy battle from Wynn Resorts' largest shareholder, the casino giant Monday announced more changes to its board of directors. Elaine P. Wynn, holder of more than 9.2 percent of Wynn Resorts stock, is behind the proxy battle and "campaign for change" at the company she co-founded with her ex-husband, Steve Wynn. Legacy board member John J. Hagenbuch, whose re-election was opposed by the company's largest shareholder, will no longer stand for re-election to the board.
Ms. Wynn, who co-founded the company with Mr. Wynn, her ex-husband, had pushed recently, including in a new letter Monday, for shareholders to not vote for Mr. Hagenbuch based on what she alleges are close ties to Mr. Wynn. Mr. Hagenbuch was part of a committee of independent directors investigating misconduct allegations against Mr. Wynn.
In a surprise move just two days before its annual meeting, Wynn Resorts Ltd. announced the resignation of two directors, including one who co-founder Elaine Wynn urged shareholders to vote against. Robert Miller, a former Nevada governor, also tendered his resignation. The company is trying to bounce back from a sexual-harassment scandal involving former Chief Executive Officer Steve Wynn, who is Elaine’s ex-husband, and board changes have been touted by the company as a sign of progress.
Wynn Resorts Ltd. said late Monday that two additional board members would step down. Wynn stock was flat after hours and closed down 2% to $191.63 during regular trading. John Hagenbuch and Robert Miller ...
The US Supreme Court strikes down PASPA, the law banning sports betting—here's what the decision means for pro sports leagues, fantasy sports, and casinos.
The U.S. Supreme Court rules that states can legalize sports betting. The court upholds the legality of a 2014 New Jersey law permitting sports betting at casinos and racetracks in the state. Nevada's Gaming Control board reported $4.8 billion in sports bets last year but Americans wager "$150 billion illegally each year through off-shore, black market bookies," according to DraftKings CEO Jason Robins.
Wynn Resorts on Monday said that incumbent John Hagenbuch — the board member whom Ms Wynn has been seeking to oust — has decided not to stand for re-election at the annual shareholder meeting this week. Ms Wynn, the company’s largest shareholder, had launched a campaign to withhold a vote for Mr Hagenbuch, citing close ties to Wynn Resorts’ former chief executive and her ex-husband Steve Wynn.
Steve Wynn’s plan to sell a Picasso valued at $70 million at auction this week was derailed after the painting was damaged Friday -- a dozen years after the billionaire collector and former casino magnate put his elbow through another masterpiece by the artist. Christie’s withdrew “Le Marin,” a self-portrait painted in 1943, from its auction this Tuesday for restoration, it said in a statement. A spokesman for Wynn couldn’t immediately be reached for comment.
Steve Wynn’s plan to sell a pair of Picasso paintings for a high estimate of $105 million was derailed after the more expensive of the two was damaged Friday -- a dozen years after the billionaire collector and erstwhile casino magnate put his elbow through another masterpiece by the artist. Lin Wood, a spokesman for Wynn, declined to comment. The painting, which measures a little more than 4-by-2 1/2 feet and estimated at $70 million, was one of three Wynn consigned to Christie’s for sale this week for a total of as much as $135 million, according to the auction house’s estimates.