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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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December 17, 2014
11:09 EDTWYNNMacau gaming facts in SCMP article are not new, says JPMorgan
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10:22 EDTWYNNWynn Resorts volatility increases as shares trend to 16-month low
Wynn Resorts December call option implied volatility is at 46, January is at 41, March is at 39; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
December 16, 2014
15:37 EDTWYNNChina to start crackdown on illicit funds to Macau, SCMP says
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December 12, 2014
14:04 EDTWYNNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
December 10, 2014
11:28 EDTWYNNWynn Resorts volatility increases as shares trend to 15-month low
Wynn Resorts December weekly call option implied volatility is at 42, December is at 35, January is at 31; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
08:21 EDTWYNNFBR drops estimates, price targets for Macau names
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