|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||191.95 - 194.74|
|52 Week Range||123.67 - 203.63|
|PE Ratio (TTM)||26.73|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||3.00 (1.54%)|
|1y Target Est||204.69|
Tiffany (TIF) is shining bright this morning. Tiffany’s CEO cited a 15% boost in worldwide sales and the launch of a new celebrity campaign featuring Elle Fanning for the strong results. United Airlines (UAL) wants the wealthy to fly the friendly skies.
CNBC's Contessa Brewer discusses the latest comments from CEO of Wynn Resorts Matt Maddox addressing sports betting in Las Vegas and Boston.
While an Irish gambling giant looks to acquire Fanduel, Churchill Downs races into the future of gambling. Yahoo Finance's Seana Smith, Melody Hahm and Myles Udland discuss.
U.S. stock futures were falling on Wednesday, May 23, and global stocks tumbled as sentiment was dented by comments from Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week. Trump insisted, however, there was still a "good chance" a meeting will ultimately take place.
The company's founder, Steve Wynn, resigned earlier this year after allegations of sexual misconduct and disposed his entire 11.8 percent stake in the firm for $2.1 billion. Wynn Resorts could not be immediately reached for comment on the vote. In a separate filing on Tuesday, Wynn said the compensation committee would comprise all three of its recently-appointed female board members.
Shareholders in Wynn Resorts Ltd. voted overwhelmingly against the company’s executive compensation plan, according to results released Tuesday, a rare public rebuke of the corporation’s leadership in the months since founder Steve Wynn resigned amid sexual-misconduct allegations. Shareholders voted nearly 80% of shares against the company’s compensation plan at an annual shareholders’ meeting last week, in a nonbinding referendum known as a “say on pay” vote. A Wynn Resorts spokesman indicated that the company was prepared to act on the result.
Did you read about the big shareholder activist win this week? A few months ago, not long after the company’s chief executive resigned in disgrace, and its share price was in danger of collapsing, the activist gained control of 9 percent of the stock, worth about $2 billion. This made her the company’s largest shareholder.
EVERETT, Mass. (AP) — Wynn Resorts has removed nearly 1 million tons of contaminated sediment from the former chemical plant site where it's building a $2.5 billion Boston-area casino.
Investing can be a gamble, as gaming shorts are finding out this week. Short sellers of the 22 stocks in the U.S. casinos and gaming sector are down more than $200 million in mark-to-market losses after the U.S. Supreme Court ruled that a 1992 federal law prohibiting sports gambling in most states is unconstitutional, paving the way for individual states to decide whether they want to allow regulated sportsbooks to be opened. Short interest in the gaming sector was at $4.65 billion in 2018, according to S3 Analytics, a 16%, or $640 million, increase over the previous year.
The nine justices recently ruled the decades-long federal ban on sports betting violates the constitution. The Supreme Court said that in the absence of specific regulations enacted by Congress, states can allow sports betting. With more than 30 states about to enact regulations that would allow sports betting within their borders, sports betting is an industry on the rise.
The board of directors and CEO of Wynn Resorts on Wednesday sought to show shareholders they are working to strengthen the casino operator's corporate culture and moving it forward without its founder. Shareholders gathered in Las Vegas for the company's annual meeting learned of the many corporate initiatives implemented since the resignation of founder Steve Wynn amid sexual misconduct allegations earlier this year. Shareholders asked CEO Matt Maddox about the company's project near Boston, operations in Macau and its political contributions, but none raised questions over the accusations, which Wynn has denied, or the ongoing internal investigation.
Steve Wynn’s claim that he can’t be accused of ogling female dancers because he’s legally blind doesn’t hold water, according to a women’s rights lawyer sued by Wynn for allegedly defaming him. Legal blindness isn’t equivalent to clinical blindness and there’s no reason to think that Wynn, a well-known art collector, isn’t capable of seeing things, lawyer Lisa Bloom said Wednesday in a bid to throw out Wynn’s defamation lawsuit. “While Mr. Wynn’s eyesight may be less than ideal, it is clear that he can still see,” Bloom said in her request in federal court in Las Vegas.
Wynn Resorts Ltd. director Patricia Mulroy said a special committee looking into complaints of sexual harassment against its former chief executive officer will conclude its work in the third quarter.
Wynn Resorts Ltd. may soon wrap up one aspect of its months-long struggle since its former chief executive officer was accused of rampant sexual harassment, as a special committee looking into the complaints completes its work. The committee will conclude the probe in the third quarter, after interviewing 114 people and reviewing more than 3 million pages of documents, Director Patricia Mulroy said Wednesday at the company’s annual meeting in Las Vegas. The board expanded the scope of its probe after co-founder Steve Wynn stepped down as CEO in February following a wave of allegations.
Zacks Investment Ideas feature highlights: Wynn Resorts, Las Vegas Sands, Caesar???s Entertainment, Penn National Gaming and International Game Technology
A non-gambler who jokes that his idea of excitement is walking the family dog — a corgi — the conservatively suited eldest son of Hong Kong billionaire Lui Che-woo runs Galaxy Entertainment Group, the world’s second-biggest gaming company by market capitalisation, from a modest mid-rise office in Hong Kong. Sixty kilometres west in Macau, the world’s largest gambling hub, Galaxy has grown from operating one small casino in 2004 to emerge last year as the market leader, with 22.6 per cent of gross gaming revenue, according to boutique investment bank Union Gaming. This puts Galaxy just ahead of the 22.3 per cent take of Sands China, the local unit of Las Vegas Sands, the largest gaming company by market cap.
LAS VEGAS (AP) — Ahead of Wynn Resorts annual shareholders meeting, the casino operator's four female directors sought to reassure employees the company is committed to moving onto a new chapter following the sexual misconduct scandal that engulfed its founder earlier this year.
Third Point, the activist fund run by Dan Loeb, exited a series of high-profile positions during the first quarter, including stakes in Honeywell International Inc., Time Warner Inc., MGM Resorts International ...
Activist investor Dan Loeb's Third Point LLC acquired stakes in embattled Wynn Resorts Ltd. and United Technologies Corp. during the second quarter, according to regulatory filings on Tuesday. Hedge fund Third Point showed that it bought 7.1 million shares of United Tech worth about $893 million and 1.54 million shares of Wynn for about $280 million, according to filing tracker Whalewisdom.com. Meanwhile, Loeb sold his entire roughly 1.9 million share position in health-care provider Aetna Inc. , and increased his stake in Facebook Inc. to 4 million shares, adding 600,000 shares in the first three months of the year, according to filings.