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February 4, 2013
09:06 EDTWYNNWynn Resorts says Nevada gaming regulator finds Okada allegations 'unfounded'
Wynn Resorts reported recent developments for the company and its shareholders in relation to allegations made against Wynn Resorts by Kazuo Okada. First, the Nevada Gaming Control Board has informed Wynn Resorts that it has concluded its investigation of allegations made by Okada against Wynn Resorts regarding an allegedly improper donation made to the University of Macau by Wynn Macau Ltd., and determined that Okada’s allegations are unfounded. Second, the United States District Court of Nevada granted Wynn Resorts’ motion to dismiss a shareholder derivative action against the Company and members of its Board of Directors based on the Macau donation. The Court ruled there was insufficient legal basis for the case to proceed. Third, Institutional Shareholder Services, a proxy advisory firm, has issued a report recommending that shareholders of Wynn Resorts vote to remove Okada from the Board of Wynn Resorts at a special meeting of shareholders to be held on February 22. Wynn said that in its report, ISS concluded, “In light of the material risk that Okada's directorship poses to the Company's ability to receive gaming licenses in new jurisdictions and maintain its licenses for current ones, ISS recommends that shareholders vote FOR the removal of Mr. Okada as a director of the Company.”
News For WYNN From The Last 14 Days
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November 20, 2015
12:19 EDTWYNNStocks with call strike movement; WYNN GMCR
Wynn Resorts (WYNN) February 70 call option implied volatility decreased 2% to 55, Keurig Green Mountain (GMCR) March 55 call option implied volatility decreased 2% to 54 according to iVolatility.
November 18, 2015
13:05 EDTWYNNLas Vegas Sands, MGM slip after Wynn reports opening delay for Macau casino
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13:00 EDTWYNNWynn drops 4% after delaying opening of Macau casino
12:49 EDTWYNNWynn Resorts says Wynn Palace now expected to open June 25, 2016
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November 17, 2015
10:41 EDTWYNNMacau sees gaming revenue slump continuing, Bloomberg says
Macau's chief executive Fernando Chui is targeting casino revenue of $25B in 2016 about half of what it took in last year, says Bloomberg. Macau's gaming revenue fell for 17th straight month in October as China's economy slows and efforts to curb corruption continue, Bloomberg added. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
08:34 EDTWYNNNAREIT to hold a conference
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November 16, 2015
07:18 EDTWYNNDeutsche Bank to hold a conference
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