Your online social casino games portal for free play slots, casino bonuses and gaming news.
LoginCreate an Account
BETA   •   WEDNESDAY, AUGUST 12TH, 2020

Steve Wynn buys 1 Million of his Wynn Stock

December 8 Sandra Wong

Steve Wynn stepped up to the plate and bought 1,003,977 shares in the open market, increasing his stake to 11,070,000. This is a significant and bold statement by the old school CEO.

Shares of WYNN are down 60% for the year, thanks to the Chinese ruining gambling in Macau.

wynn shares up stock vegas

The Las Vegas-based company said Tuesday that Wynn, its chairman and CEO, now owns 11.1 million shares, cementing his status as its largest individual stockholder.

Shares of Wynn Resorts Ltd. closed at $61.80 Tuesday, Dec. 8, 2015, valuing the stake at $684 million.

The stock is down almost 60 percent in the year to date, hurt by investor worries about Wynn Resort’s business in Macau.

The stock rallied 10 percent in after-hours trading Tuesday, Dec. 8, 2015, following the announcement of Steve Wynn boosting his own stake.

For more on financial Wynn Resorts stock, Las Vegas, Macau  

Contact:
Wynn Resorts, Limited

Investor Contact:

Mark Strawn, 702-770-7555
Vice President – Corporate Finance
investorrelations@wynnresorts.com
or
Media Contact:
Michael Weaver, 702-770-7501
Senior Vice President – Marketing

 
SOURCE: ibankcoin, VegasSun

Comments are closed.

Copyright 2013-2014 Lucky Lady Games - All Rights Reserved.
Facebook twitter Blog Linkedin youtube