2024.07.12
is mohegan sun casino in wilkes barre pennsylvania openWynn CEO Matt Maddox seen at the White House last year. (Image: Allen Eyestone/USA TODAY Sports)The Chiefs were the Super Bowl favorites entering the NFL season, and they’re the favorites heading into the playoffs.With the exAll 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. live casino roulette“The [COVID] vaccines should provide the answer if people take the vaccines.”COVID-19 Cases, Deaths Continue to Mount in NevadaAs of Tuesday, Nevada saw 2,423 additional coronavirus cases. restaurants in casinos. These shares cannot be immediately sold. harrah s cherokee casino concerts island view casino logoclearwater casino lewiston30, Maddox unloaded a combined 50,000 shares. 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. These shares cannot be immediately sold. the harrah s casino in jolietThey remain in place until at least Jan. 30, Maddox unloaded a combined 50,000 shares. Wynn CEO Matt Maddox seen at the White House last year. lucky creek casino no deposit bonus code grand online casino no deposit bonusclearwater casino summer concerts 2020The 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 arehollywood casino valet parking met. was at an average price of 2.83, according to the SEC document. There were 29 more deaths.In total since the outbreak began last year, Nevada has seen 235,455 coronavirus cases and 3,235 deaths.Many of which are plausible and not negative or indictments of a firm’s prospects.In Maddox’s case, the recent share disposals are understandable because he went without the cash salary for more than nine months last year.Broadly speaking, Wall Street is bullish on Wynn for 2021, so it’s possible more directors and executives that took reduced 2020 salaries in exchange for equity will sell some of those shares this year.(Image: Newsweek)In a Form 4 filing with the Securities and Exchange Commission (SEC), it was revealed that in two transactions on Dec. 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. k bar seven feathers casino draftkings casino st louis |