Hints and tips:
...The 5,000-acre estate originally belonged to a branch of the Wynn family, and the present house was built for William and Kathryn Wynn in 1616....
...Matthew Olsen, an assistant attorney-general in the justice department’s national security division, said the move against Wynn was the first civil lawsuit under the Fara to be filed in 30 years....
...Wynn Resorts’ revenues probably more than doubled year on year, as the hospitality sector continues to recover from the pandemic....
...Wynn Resorts said last week its baccarat volumes fell 30 per cent year-over-year in 2019....
...Earlier this week, casino operator Wynn Resorts and cash machine manufacturer NCR together borrowed $1bn in the junk debt market....
...However, on the company’s earnings call, chief executive Matthew Maddox said while China’s national Golden Week holiday proved strong, “what we’ve seen post-Golden Week has been a slowdown”....
...The company said on Wednesday Matthew Maddox had replaced Mr Wynn as chief executive of Wynn Resorts and the Macau unit....
...Matthew Maddox, a long-serving Wynn executive who has replaced Steve Wynn as chief executive of Wynn Resorts, has also been put in charge of Wynn Macau....
...Wynn Resorts could potentially figure in the consortium too, according to Matthew Maddox, who took over as its chief executive in February after founder Steve Wynn resigned amid allegations of sexual misconduct...
...But it isn’t just the copper miner, Wynn Resorts and Range Resources, which were among those grabbing the stock market razzies last year, are clocking some of the biggest gains this quarter....
...Lindsay Whipp You Wynn some Every winning streak comes to an end. This year, after betting heavily on its business in Macau, Wynn Resorts ’ luck ran out abruptly....
...Matthew Slotover, Frieze co-founder and director, said he expected sales to surpass last year’s with an influx of high-spending buyers....
...Mr Okada told the FT the Wynn Resorts board was “weak”....
...Macau has surpassed Las Vegas in recent years following the construction of several resort-style developments by US operators, such as Las Vegas Sands and Wynn Resorts, who have cashed in on high-spending...
...LVS competes with US operators such as Wynn Resorts in Macau, as well as local casino groups....
...Less focused on the online market are Las Vegas Sands and its rival Wynn Resorts....
...The aim of the alleged scheme was “illegally placing and maintaining the control of Wynn Resorts in a single man – Mr Wynn.”...
...To be fair to him, I have said far worse after spilling coffee on my keyboard – but Wynn’s accident was a bit more costly....
...affordable is now the norm, rather than big at any cost, with debt, The Sahara redevelopment will cost $765m, much less than multibillion-dollar new-build projects such as CityCenter, the Bellagio or the Wynn...
...However, a spokesman for Wynn Resorts said on Friday night that no member of the Wynn Macau board had received Mr Okada’s letter....
...forced redemption of his stake in Wynn Resorts....
...Last week, Wynn disclosed that the SEC had launched a preliminary inquiry into allegations Mr Okada made in a lawsuit he filed last month against the company concerning a $135m donation a Wynn subsidiary...
...Wynn Resorts has filed a lawsuit against Mr Okada, a director and co-founder of the company, accusing him of “improper acts” and trying “to convert Wynn Resorts assets for his own benefit”....
...Mr Okada and Mr Wynn were once close: the upscale sushi restaurant at one of Mr Wynn’s Las Vegas properties was named after Mr Okada, in tribute to his then friend....
...Additional reporting by Matthew Garrahan in Los Angeles...
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