2024.07.18
paragon casino check in timeWynn Resorts (NASDAQ:WYNNcasino kentucky) said the compensation committee of its board of directors signed off on issuing 176,247 shares of stock to retain 240 employees, including named executives through the end of this year and well into 2021. tournaments were suspended effective Monday until Thursday.Prior to the COVID-19 crisis, it offered more than 800 slots and 24 table games. 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. hollywood casino york pa hoursCEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. 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. 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. angel of the winds casino number no deposit bonus lucky creekmountaineer casino new cumberland west virginiaCEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. The wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. tournaments were suspended effective Monday until Thursday.Prior to the COVID-19 crisis, it offered more than 800 slots and 24 table games. is boomtown casino open18, 2021. Currently, under the state’s restrictions because of the coronavirus, it has 527 slots available and all 24 table games, according to the latest report from the Mississippi Gaming Commission.The Silver Slipper is the largest casino owned by Full House Resorts, as it accounted for about 44 percent of the company’s net revenue last year. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. pechanga casino ufc net entertainment free slot machinescasino 007 goldeneyeGeneral 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. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. 18, 2020,” according to the filing.That means recipients of the shares must still be employed by the gaming company on Aug. 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. The wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. mgm grand casino atlantic city nearest casino to nashville |