Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Steve Wynn Saved $900 Million With Well-Timed Sale of Casino Stake

E-mail Print PDF
Steve Wynn.

Steve Wynn. Photograph by Calvin Sit/Bloomberg

Text size

Steve Wynn showed impeccable timing with the sale of his stake in Wynn Resorts after his resignation as CEO in the wake of sexual misconduct allegations earlier this year.

Wynn shares (ticker: WYNN) are down sharply since the March sales, with the result that Wynn netted about $900 million more than he would have at current market prices.

Wynn sold his entire stake in the company—12.1 million shares—in two transactions in March for a total of more than $2.1 billion, or about $177 a share. Wynn shares are down more than 40% since then, including a decline of $13.85, to $100.14, or 12%, on Thursday morning after the company reported third-quarter results that fell below Wall Street expectations and offered disappointing guidance for the current quarter. Wynn is one of the leading casino operators in Macau, the Chinese gambling hub.

The Wynn sale included a block of eight million shares that were purchased by T. Rowe Price (three million shares) and Capital Research and Management (five million shares) at $175 a share.

Wynn, 76, was the founder and guiding force at Wynn Resorts from its initial public offering in 2002 until his resignation as CEO in February. Wynn Resorts received one of the original gambling licenses when Macau expanded casino gambling in 2002. The company prospered as gambling boomed in the former Portuguese territory.

The Wall Street Journal detailed sexual misconduct allegations against him earlier this year. At the time, he said it was “preposterous” that he would engage in such conduct.

With Wynn Resorts shares off sharply, it’s possible that Wynn might re-establish a stake in the company.

Write to Andrew Bary at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNEA6Q2s4NhxmqoTVnAv33gQxjmdeg&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52780096191827&ei=VBTlW7i6HouIkMkP3uS2eA&url=https://www.barrons.com/articles/steve-wynn-saved-900-million-with-well-timed-sale-of-casino-stake-1541690480

You are here