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Stock Market & Financial Investment News

News Breaks
February 21, 2013
15:21 EDTWYNNKazuo Okada announces resignation from Wynn Resorts board of directors
Kazuo Okada, a co-founder of Wynn Resorts, Ltd, and founder and Chairman of Universal Entertainment Corporation, issued the following statement on his resignation from the Wynn Resorts Board of Directors: “Since the year 2000, Steve Wynn has orchestrated a deliberate campaign to deceive me. His actions have betrayed our friendship, the management agreement executed between us, the Shareholders Agreement executed in 2002, and, ultimately, Universal Entertainment, Inc...I remain determined to fight Steve Wynn’s involuntary redemption of my nearly 20 percent stake in Wynn Resorts at a 30 percent discount and my resignation from the Wynn Resorts Board will not impede me from protecting my good name and reputation as UEC and Aruze USA forcefully prosecute the claims made against Wynn Resorts in Nevada State Court.”
News For WYNN From The Last 14 Days
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September 18, 2014
06:47 EDTWYNNMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 16, 2014
14:29 EDTWYNNMassachusetts votes to award license to Wynn Resorts
The Massachusetts Gaming Commission stated on its official Twitter feed that it voted 3-1 to award the Region A license to Wynn. Reference Link
13:52 EDTWYNNMacau casino owners drop after negative note from analyst
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11:22 EDTWYNNMorgan Stanley sees negative revisions to Macau consensus estimates
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September 12, 2014
14:07 EDTWYNNNew Jersey reports August Atlantic City gaming win up 2.3% to $305M
New Jersey reports total Gaming Win from Atlantic City casino hotels and Internet gaming operations was $305M in August, compared to $298.1M in the same month of 2013 including discontinued operators Atlantic Club and Showboat, reflecting a 2.3% increase. Total Gaming Win from the current operators of casino hotels open for the entire month of August and Internet gaming operations was $289.9M in August. Internet gaming win was $10.5M in August, consisting of $2.2M in peer-to-peer win and $8.3M in other authorized games. As of August 31, 431,617 Internet gaming accounts have been created, up 6.5% from the 405,390 accounts as of July 31. 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).
September 10, 2014
09:04 EDTWYNNLas Vegas Sands and Wynn Resorts recommended at Goldman
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