19, 2018, in Las Vegas.(AP Photo/Isaac Brekken) LAS VEGAS (AP) -- The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month.
Most importantly, MGM Cotai gives MGM Resorts a presence in the lucrative Cotai region of Macau, where the most profitable resorts in Macau are located.It's across the street from Wynn Resorts' (NASDAQ: WYNN) recently opened Wynn Palace, and adjacent to Melco Resorts' (NASDAQ: MLCO) City of Dreams and Las Vegas Sands'(NYSE: LVS) Sands Cotai Central.
(Reuters) - Wynn Resorts Ltd said on Friday that former Chief Executive Officer Steve Wynn was not entitled to severance payments or any other compensation.Wynn, who denied the accusations, remains Wynn Resorts' largest shareholder and owns about 12 percent of the company.
Steve Wynn's co-founder and former partner, Japanese pachinko king Kazuo Okada, is suing Wynn Resorts.In 2012, Wynn Resorts pushed Okada out and forcibly redeemed his roughly 25 million shares, at a 30 percent discount, for $1.
Gibson Dunn has close ties to casino company, with one partner representing Wynn board members and executives in current litigation Updated Feb.13, 2018 12:01 a.
Last time, it was Steve Wynn's extravagant art habit that led to MGM Resorts (NYSE: MGM) buying Mirage Resorts in 2000.This time it's sexual misconduct allegations that could put Wynn Resorts, Limited (NASDAQ: WYNN) in the crosshairs of competitors.
9, 2018 7:19 p.m.
In light of the allegations that surfaced a couple of weeks ago, this week’s news about Wynn Resorts, Limited (NASDAQ:WYNN) founder and chief aren’t terribly surprising.If Steve Wynn is gone, WYNN stock holders and the Board of Directors may finally decide it’s time to pass the oft-beleaguered company off to someone else.
With Steve Wynn out as top executive of the casino empire he founded, pressure is now building on board members and other executives at Wynn Resorts Ltd., as regulatory investigations into alleged sexual misconduct at the company continue.
Late on Tuesday night, Las Vegas legend Steve Wynn resigned as CEO and chairman of the board of Wynn Resorts Ltd.The board of directors announced that Matt Maddox, Wynn Resorts' president, would take over as CEO immediately.
7, 2018 5:24 p.m.
A huge land grabIn December, Wynn Resorts bought a massive parcel of land across the street from its existing Encore and Wynn Las Vegas properties.He was willing to make a big bet that Las Vegas was on a comeback and that the Oct.
30, 2018 7:00 p.ET The board of directors of Wynn Resorts Ltd.
Casino mogul Steve Wynn is the first head of a publicly traded company to be accused of sexual misconduct in the age of #MeToo Jan.29, 2018 1:02 p.
Winter getaways, from Sun Valley to the Swiss Alps, where even the mediocre can excel at fun, both on and off the slopes.Plus: Top mountainside hotels, restaurants and bars Jan.
Watch shares of the company trade in real time on Markets Insider.00 after the report, which cited multiple women accusing the Las Vegas magnate of pressuring them into sex and sexualizing the workplace.
A huge name in the gaming industry, Wynn Resorts Ltd.According to the Macau Gaming Inspection and Coordination Bureau, VIP play was up 26.
A spa in the African bush?Here, 5 restorative luxury retreats that combine indulgence and adventure Jan.
While MGM has had to play catch up regarding a Chinese presence, the company’s move to catch up may position MGM stock for continued growth.Unfortunately for holders of MGM stock, the MGM roar has been barely a meow for some time.
For casino operator MGM Resorts, eighteen is the magic number.Otherwise, MGM Resorts is removing itself from the construction business.