2024.07.18
slot casino loginFull House acquired the property eight years ago for million.That tethered the executive’s fortunes, literally, to recovery in the share price. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. blackjack casino online freeBased on Friday’s closing price of .79, those 176,247 shares are worth .59 million.The Retention Award was made to approximately 240 of the company’s top leaders in North America on Aug. (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). 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. cool cat casino sister casinos desert diamond casino buffetbig 5 casino live chat18, 2020,” according to the filing.That means recipients of the shares must still be employed by the gaming company on Aug. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. Based on Friday’s closing price of .79, those 176,247 shares are worth .59 million.The Retention Award was made to approximately 240 of the company’s top leaders in North America on Aug. mgm grand casino login(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). 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. Full House acquired the property eight years ago for million.viejas casino ice skating chukchansi casino hotel roomsbicycle casino open yetwill shed its riverboat status and become a land-based venue in early 2022. 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. The wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. That tethered the executive’s fortunes, literally, to recovery in the share price. Gaming and Leisure Properties, Inc. Hollywood Casino in Baton Rouge wbig fish casino home facebook boulder station casino las vegas nv |