free online poker arkadium30, Maddox unloaded a combined 50,000 shares. The Encore operator revealed Maddox would forego 100 percent of his 2020 cash salary, opting to be compensated entirely in equity.Other Wynn executives and some board members followed suit, taking cash salary reductions ranging from 33 percent to 100 percent in exchange for stock.Smart WagerUnder the terms of Maddox’s current employment agreement with the gaming company, he’s to be awarded 100,000 shares of restricted stock if certain benchmarks aretropicana laughlin hotel and casino buffet met. 1 for the New Year’s Day holiday.His sale of those shares represents a winning bet the executive made on himself and the company. how to contact borgata online casinoAll told, the chief executives trimmed his Wynn stake by about eight percent, hauling in .32 million in the process.His timing was arguably impeccable and he’s still holding plenty of shares — 394,549 to be precise, according to Form 4 — with which to benefit from an ongoing rebound in the stock this year – a scenario plenty of analysts are betting on.At the start of the fourth quarter, Wynn stock traded around but gained more than 60 percent over the last three months of 2020.More Sales PossibleEquity sales by company insiders aren’t unusual and occur for a variety of reasons. At the height of the first wave of COVID-19 cases in March, gaming equities, including Wynn, were being savagely repudiated by market participants. At the height of the first wave of COVID-19 cases in March, gaming equities, including Wynn, were being savagely repudiated by market participants. foxwoods resort casino instagram

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telephone number for seneca niagara casinoThese shares cannot be immediately sold. Maddox was taking some profits after a tumultuous year in which the gaming name sagged due to the coronavirus pandemic, then proceeded to more than triple from its March nadir to its December highs. was at an average price of 2.83, according to the SEC document. Maddox was taking some profits after a tumultuous year in which the gaming name sagged due to the coronavirus pandemic, then proceeded to more than triple from its March nadir to its December highs. 15.Entertainment spaces at gaming properties are also at limited capacity of about 50 in the audience, forcing many of them to close temporarily.Also, several Las Vegas hotels have shuttered temporarily during the middle of the week because of lower room reservations. That sale likely occurred on Dec. island resort.and casino