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Stock Market & Financial Investment News

News Breaks
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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October 28, 2014
16:23 EDTWYNNWynn Resorts raises quarterly dividend 20% to $1.50 per share
Wynn Resorts also announced that the company has approved a new quarterly cash dividend of $1.50 per common share, a 20% increase from its previous regular dividend. The company has also approved an additional cash dividend of $1.00 per share. The total dividend of $2.50 per share will be payable on November 25 to stockholders of record on November 12.
16:22 EDTWYNNWynn Resorts reports Q3 adjusted EPS $1.95, consensus $1.84
Reports Q3 revenue $1.37B, consensus $1.37B.
09:34 EDTWYNNNevada reports September statewide gaming win down 5.97% to $901.7M
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October 27, 2014
13:31 EDTWYNNWynn Resorts weekly volatility elevated into Q3 and outlook
Wynn Resorts October weekly call option implied volatility is at 49, November is at 30, December is at 29, January is at 26; compared to its 26-week average of 31 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 28.
October 21, 2014
15:35 EDTWYNNNotable companies reporting before tomorrow's open
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