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I am really amazed a casiono operator could not find a better use of the cash. Maybe buying MGM properties. So what is the real story?
The special divi is only approx 500 mil and Wynn has 3.1 billion. Wynn is showing there strength vs lvs,mgm etc who are floundering in debt and fighting for survival.Wynn on the other hand is taking care of his shareholders both now and in the future with pemanent cash divi's, a first in the casino industry i believe. Wynn is making money and showing his stength with this period.............
Go figure. I gamble at wynn. I lose money at wynn but as a shareholder, I get dividends back. Is this how capitalism work? LOL