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cashman casino vipIt 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. (NASDAQ:GLPI) said Friday its Hollywood Casino in Baton Rouge, La. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. harrahs casino first timeIt 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. will shed its riverboat status and become a land-based venue in early 2022. 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. mychoice casino free play

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