valley forge casino karaoke(Image: Newsweek)In a Form 4 filing with the Securities and Exchange Commission (SEC), it was revealed that in two transactions on Dec. That sale likely occurred on Dec. 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 are3kings online casino met. casino 2000 roulette1 for the New Year’s Day holiday.His sale of those shares represents a winning bet the executive made on himself and the company. Las Vegas Mayor Carolyn Goodman (I) warned late last year that Nevada Gov. 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. casino with poker table near me

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casino 18 and overAnother transaction dated Jan. was at an average price of 2.83, according to the SEC document. All 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. table games casino freeMany 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. Wynn CEO Matt Maddox seen at the White House last year. casino 99

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