The Company is arm's length to Kaye
Wynn and prior to the grant of options outlined above, Kaye
Wynn had no direct or indirect interest in the Company or its securities.
'We were pleased to deliver year-over-year revenue growth at all of our properties in the second quarter, with particular strength in our core mass business in Macau and REVPAR in Las Vegas,' said Matt Maddox, CEO of
Wynn Resorts, Limited.
Crown confirms that it is in confidential discussions with
Wynn regarding a potential change of control transaction following approaches to Crown by
Wynn.
Wynn's proposal, which is still being reviewed by the Crown board, has an implied value of AU$14.75 per share, or a 25.6% premium to the stock's AU$11.74 price before trade was stopped ahead of the announcement.
Notable for her ability to narrate captivating stories through jewelry,
Wynn Wynn Ong's creations evoke the beauty and wonder of our oceans and mountains.
He had a chance to take over
Wynn Resorts as
Wynn was in the middle of a divorce, but he was focused on his initial plan to put up a casino property in the Philippines.
After a $50,000 credit from a prior settlement,
Wynn's verdict totaled $3,450,000.
Prior to the promotion, Hansen has served as director of Energy Procurement for
Wynn Resorts since 2016.
In addition, two long-term institutional investors, both of whom are currently investors in
Wynn Resorts, have agreed to purchase the remaining 8m shares held by founder and former
Wynn Resorts CEO Steve
Wynn, thus demonstrating their confidence in the long-term strength of the company.
In an unexpected separate move, Macau casino operator Galaxy Entertainment said it has agreed to buy 5.3 million primary shares of
Wynn Resorts at $175 per share, giving them around a 5 percent stake in the operator which has resorts in Las Vegas and Macau.
Wynn, 66, was first diagnosed with sarcoma - a rare cancer affecting soft tissue and muscle - in 1999.