caesar palace casino vung tauWynn CEO Matt Maddox, seen here in April following a meeting with President Trump, and other executives are getting equity to stay on with the company through turbulent times. After it reopened on May 21, two months after COVID-19 forced its closure, casino revenues increased by more than 12 percent, even though turnout was about 16 percent below normal.First Cristobal, Now ThisThis week’s storms are not the first to impact the Silver Slipper since it reopened in May.In June, emergency crews needed to rescue about 100 casino workers as Tropical Storm Cristobal hammered the region. General Counsel and Executive Vice President Ellen Whittemore was awarded 6,585 restricted shares.Maddox SacrificesAs is the case with a secondary offering, stock issued as part of employee compensation programs can dilute current investors because of the new supply of shares coming to the market.Wynn, however, is avoiding that dilution, thanks to Maddox. casino card gameWynn CEO Matt Maddox, seen here in April following a meeting with President Trump, and other executives are getting equity to stay on with the company through turbulent times. It took nearly five hours to shuttle all the workers safely.The Silver Slipper opened 14 years ago as the first land-based casino on Mississippi’s Gulf Coast, and was the first to open in the region after Hurricane Katrina decimated the area. It was determined that Maddox’s prior incentive plan contained clauses that are no longer relevant, owing to the COVID-19 operating environment.As the gaming company’s stock and those of its rivals were swooning in March, Wynn revealed Maddox would forego all of his cash salary this year and be paid entirely in equity. cache creek casino gift card

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cashman casino vegas slot machinesGaming and Leisure Properties, Inc. Gaming and Leisure Properties, Inc. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. valley forge casino menu(Image: Las Vegas Review-Journal)The Encore operator revealed the equity grants in a Form 8-K filing with the Securities and Exchange Commission (SEC). (NASDAQ:GLPI) said Friday its Hollywood Casino in Baton Rouge, La. 18, 2020,” according to the filing.That means recipients of the shares must still be employed by the gaming company on Aug. cool cat casino free spins 2020

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7 casino slotsThe wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. Wynn stock is up 131 percent from its March lows.Other directors and high-ranking executives altered their salaries in exchange for stock, with some trimming salaries by 33 percent up to 100 percent.Dealing With UncertaintyThe stock grants were made to “motivate and retain” critical employees for the rest of this year and “a substantial portion of 2021,” a period Wynn expects will be marked by high levels of operating uncertainty stemming from the coronavirus pandemic.Beyond Billings, Maddox, and Whittemore, employees on the receiving end of the equity awards weren’t identified in the SEC filing. Wynn stock is up 131 percent from its March lows.Other directors and high-ranking executives altered their salaries in exchange for stock, with some trimming salaries by 33 percent up to 100 percent.Dealing With UncertaintyThe stock grants were made to “motivate and retain” critical employees for the rest of this year and “a substantial portion of 2021,” a period Wynn expects will be marked by high levels of operating uncertainty stemming from the coronavirus pandemic.Beyond Billings, Maddox, and Whittemore, employees on the receiving end of the equity awards weren’t identified in the SEC filing. Wynn CEO Matt Maddox, seen here in April following a meeting with President Trump, and other executives are getting equity to stay on with the company through turbulent times. That tethered the executive’s fortunes, literally, to recovery in the share price. That tethered the executive’s fortunes, literally, to recovery in the share price. cashman casino support