Proactive Investors - Run By Investors For Investors

Wynn Resorts stock rises after former boss sells up

Steve Wynn stepped down from the namesake firm earlier this year amid reported allegations of sexual misconduct
Las Vegas, Wynn Resorts
Wynn Resorts stock rose US$6.46 or 3.68%

Wynn Resorts Limited (NASDAQ:WYNN) stock pointed higher ahead of Friday’s open after it emerged that recently departed boss Steve Wynn had sold all his shares.

Through privately negotiated transactions he sold his last 8mln shares at US$175 each for to unnamed  buyers, meanwhile, the Las Vegas company announced it was selling 5.3mln shares to Macau-based casino firm Galaxy Entertainment at a price of US$175 per share.

Steve Wynn stepped down from the namesake firm earlier this year amid reported allegations of sexual misconduct.

On Wall Street, Wynn Resorts stock rose US$6.46 or 3.68% to trade at US$182 before the open.

View full WYNN profile View Profile

Wynn Resorts Timeline

Article
September 18 2015

Related Articles

Online gambling
May 11 2019
In a third quarter trading update on 5 April, the firm reported a record performance in its B2B division, which saw revenues rise 75%
Gamers
September 07 2018
The internet gambling company is betting on the 350 million game enthusiasts worldwide who are already wagering billions of dollars annually

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use