bellagio casino almatyWynn CEO Matt Maddox, seen here in April following a meeting with President Trump, and other executives are getting equity to stay on with the company through turbulent times. Hollywood Casino in Baton Rouge wBased 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. slot casino sitesIn some areas, the water reached heights of 5 feet.Local officials needed to use a high-water transport vehicle to shuttle workers to their cars. 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. 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. inside the bellagio casino

black oak casino lodging

lake tahoe casino wedding packagesGeneral 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. The wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. Wynn 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. zynga poker goldHollywood Casino in Baton Rouge wThe wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. 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. no deposit bonus winner casino

desert diamond casino why

sunset station resort casino henderson nvGeneral 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. 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. (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). After it reopened on May 21, two months after COVID-19 forced its closure, casino revenues increased by more than 12 percent, even though turnout was about 16 percent below normal.First Cristobal, Now ThisThis week’s storms are not the first to impact the Silver Slipper since it reopened in May.In June, emergency crews needed to rescue about 100 casino workers as Tropical Storm Cristobal hammered the region. The chief executive asked the compensation committee to cancel the award of 140,000 shares granted to him as part of an old employment agreement and thecasino kentucky committee obliged. 18, 2020,” according to the filing.That means recipients of the shares must still be employed by the gaming company on Aug. twin river casino hotel rhode island