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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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June 30, 2015
15:17 EDTWYNNMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTWYNNMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTWYNNMacau appears to re-lengthen visas to 7 days, says Brean Capital
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
June 26, 2015
09:32 EDTWYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
07:38 EDTWYNNMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).
June 16, 2015
08:08 EDTWYNNMacau Q2 estimates lowered below consensus at Morgan Stanley
Following a trip to Macau, Morgan Stanley said the market is still far from a turnaround and trends are still weakening. The firm does not expect Q2 to-date GGR results of (36%) to improve, below its prior estimate of (30%), and lowered forecasts. Morgan Stanley's Q2 Macau property-level EBITDA estimate for MGM Resorts (MGM) falls to $121M vs. consensus of $141M, Wynn Resorts (WYNN) lowered to $200M vs. consensus of $210M, and Las Vegas Sands (LVS) drops to $521M vs. consensus of $549M.

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