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Valuist
01-26-2018, 05:05 PM
Down $20 on the sexual misconduct allegations against Steve Wynn. Can't help but think this is way overdone. Not saying the allegations aren't true; just that the market reaction is overdone. The guy is 75 years old. He wasn't going to run the company forever. I don't think its a stretch that he had started to plan a transfer of power.

lamboguy
01-26-2018, 06:45 PM
-he's in a bitter divorce with his wife. they settled and she wants more, boy do i know that feeling.

the only thing i don't understand is what good does it do her to tank the stock?

Valuist
01-26-2018, 10:12 PM
-he's in a bitter divorce with his wife. they settled and she wants more, boy do i know that feeling.

the only thing i don't understand is what good does it do her to tank the stock?

I don't know why she would want it to tank. She is on the Board at WYNN.

That $7.5 million payoff is going to make it difficult for him to survive.

JustRalph
01-27-2018, 10:20 AM
As soon as I hear the allegations are against a millionaire, billionaire or whatever..........I toss in a little skepticism.

I’m wondering how many of these guys are being judged on today’s standards for things that in the past would be considered aggressive pursuit of a partner........that’s the only way I can say it. I am thinking that there are generational differences here that come to bear.

Weinstein is one end of the spectrum along with Louie CK. Then there is probably lots of grey area in the middle.

Saratoga_Mike
01-27-2018, 01:20 PM
As soon as I hear the allegations are against a millionaire, billionaire or whatever..........I toss in a little skepticism.

Iím wondering how many of these guys are being judged on todayís standards for things that in the past would be considered aggressive pursuit of a partner........thatís the only way I can say it. I am thinking that there are generational differences here that come to bear.

Weinstein is one end of the spectrum along with Louie CK. Then there is probably lots of grey area in the middle.

Read the article - it could not be more well sourced. Shocking that Trump considers Wynn a "good friend." :rolleyes: Hell I'm sure Tony Perkins and our very own Boxcar can extend mulligans to Wynn, too. After all, we must defend any Trump friend at all costs. There are no moral absolutes (only if a Dem commits a moral offense of course).

In reality, Ralph, when you see a paper like the WSJ (good target for a lawsuit), print an article like this on someone as powerful as Steve Wynn, you should be more inclined to believe it than if it were about some random Joe. The Weinstein article was held by the Times for over a year because of legal fears. You think the WSJ didn't vet this article? Now Wynn still deserves his day in court, if it comes to that, but this is one hell of a well-sourced, damning article.

horses4courses
01-27-2018, 01:23 PM
Read the article - it could not be more well sourced. Shocking that Trump considers Wynn a "good friend." :rolleyes: Hell I'm sure Tony Perkins and our very own Boxcar can extend mulligans to Wynn, too. After all, we must defend any Trump friend at all costs. There are no moral absolutes (only if a Dem commits a moral offense of course).

In reality, Ralph, when you see a paper like the WSJ (good target for a lawsuit), print an article like this on someone as powerful as Steve Wynn, you should be more inclined to believe it than if it were about some random Joe. The Weinstein article was held by the Times for over a year because of legal fears. You think the WSJ didn't vet this article? Now Wynn still deserves his day in court, if it comes to that, but this is one hell of a well-sourced, damning article.

You should know by now.
Conservatives don't want to hear truth when it comes to such matters.
All they want to hear about is furthering their cause, and wiping out liberals.

Saratoga_Mike
01-27-2018, 01:35 PM
You should know by now.
Conservatives don't want to hear truth when it comes to such matters.
All they want to hear about is furthering their cause, and wiping out liberals.

Please don't confuse Trump supporters and their ilk with true conservatives.

PaceAdvantage
01-27-2018, 03:28 PM
You should know by now.
Conservatives don't want to hear truth when it comes to such matters.
All they want to hear about is furthering their cause, and wiping out liberals.You could easily swap conservatives and liberals in this sentence. They both do the same thing. At least acknowledge that and be honest for once.

PaceAdvantage
01-27-2018, 03:29 PM
Please don't confuse Trump supporters and their ilk with true conservatives.True conservatives...:lol:

Whatever man...

Saratoga_Mike
01-27-2018, 07:19 PM
True conservatives...:lol:

Whatever man...

Those with principles, not sure why that is LOL worthy.

PaceAdvantage
01-27-2018, 07:49 PM
Those with principles, not sure why that is LOL worthy.There are no liberals with principles?

We all have principles.

I just laugh at the notion of the "true conservative." Like what is that, exactly?

I'm afraid the definition you provide will equal nothing but UNELECTABLE (at least when it comes to POTUS) in the end, so what does it matter? Thus my LOL.

pandy
01-28-2018, 07:35 AM
You should know by now.
Conservatives don't want to hear truth when it comes to such matters.
All they want to hear about is furthering their cause, and wiping out liberals.

The problem with many, if not most, of these sexual allegations against these famous men, politicians, businessmen, celebrities, etc., is that they are allegations. Some may be true, some may not be true, some may be greatly exaggerated. There is no due process. I don't see how this has anything to do with conservatives and liberals, and your assertation seems to suggest that all of the allegations are true.

lamboguy
01-28-2018, 09:15 AM
Please don't confuse Trump supporters and their ilk with true conservatives.Trump is the smartest president of our lifetime. he fooled everyone by getting elected, he is fooling both conservatives and liberals at the same time. and most importantly he is getting the job done the way he wants it done.

barahona44
01-28-2018, 01:44 PM
Trump is the smartest president of our lifetime. he fooled everyone by getting elected, he is fooling both conservatives and liberals at the same time. and most importantly he is getting the job done the way he wants it done.

Trump's making a liar out of Abe Lincoln? :D

kingfin66
01-28-2018, 06:42 PM
Trump is the smartest president of our lifetime. he fooled everyone by getting elected, he is fooling both conservatives and liberals at the same time. and most importantly he is getting the job done the way he wants it done.

I don't know lambo, I think the liberals may be "on to" Trump at this point. Fooling conservatives, DEFINITELY!

JustRalph
01-28-2018, 07:21 PM
Heís not fooling conservatives.

Most conservatives decided that no matter what, anything would be better than Hillary. The ďidiotĒ conservatives were willing to accept Hillary, and even voted for her. They are now known as never-Trumpers. They will never recover.

The reward is that Trump is actually keeping his promises. It was a risk, but itís turned out great so far. I never thought in my lifetime I would see a tax overhaul. As Iíve said before .....weíre in gravy time. Now if RBG would just retire .........

Valuist
01-29-2018, 06:59 PM
As good as Wynn has been for the company, he has to resign. CEO's don't beat this stuff. One would think they could easily check on the validity of that $7 million payoff. Let's not forget; Wynn is 75. Get the successor in. It won't take long for the stock to get back to $200.

AltonKelsey
01-30-2018, 06:41 PM
I feel like I've won twice.

I voted for Trump.

And I don't have to suffer Trump Derangement Syndrome, like so many, because I'm satisfied with his performance.

My condolences to the afflicted.

reckless
02-01-2018, 11:59 AM
The days of Steve Wynn running Wynn Casinos could be fast coming to an end, despite he being the largest single shareholder in the company.

What will get Wynn to quit (or be fired by a very weak board) is the threat of the license issued by the Massachusetts Gaming Commission to Wynn Casino in 2014. This license is to be reviewed now due to the recent allegations.

Wynn Casino was to develop a multi-billion dollar resort-casino in Everett, Mass., near Boston, along the Mystic River.

AltonKelsey
02-01-2018, 01:21 PM
Could be doing him a favor. One more facelift and his chin would be north of his forehead.

Valuist
02-07-2018, 01:20 PM
Wynn resigns and the stock is up about $13 today. The market likes clarity.

reckless
02-07-2018, 05:11 PM
Wynn resigns and the stock is up about $13 today. The market likes clarity.

While the market does indeed like clarity, the market likes it much, much more that the Everett, MA. deal will now get done without any hitches and that the Chinese government will leave the old and newer Wynn projects alone.

Wynn Resorts gets 70 per cent of its profits out of Macau and with Stevie wonderboy resigning, the risk of the Chinese government causing trouble was taken off the table.

Expect Wynn Resorts and MGM Grand to merge in 2018. Pick a date. It's a lock.

Valuist
02-20-2018, 06:07 PM
While the market does indeed like clarity, the market likes it much, much more that the Everett, MA. deal will now get done without any hitches and that the Chinese government will leave the old and newer Wynn projects alone.

Wynn Resorts gets 70 per cent of its profits out of Macau and with Stevie wonderboy resigning, the risk of the Chinese government causing trouble was taken off the table.

Expect Wynn Resorts and MGM Grand to merge in 2018. Pick a date. It's a lock.

I just saw this now. That would be interesting; MGM has a market cap of $19.65 billion and WYNN's is $16.95 billion. I wonder if it would get past the Justice Department? Vegas is pretty much MGM and Caesar's properties right now. A few smaller ones like Boyd thrown in, as well. I would think the WYNN board would resist, unless it was a ridiculous offer.

lamboguy
02-20-2018, 08:32 PM
The days of Steve Wynn running Wynn Casinos could be fast coming to an end, despite he being the largest single shareholder in the company.

What will get Wynn to quit (or be fired by a very weak board) is the threat of the license issued by the Massachusetts Gaming Commission to Wynn Casino in 2014. This license is to be reviewed now due to the recent allegations.

Wynn Casino was to develop a multi-billion dollar resort-casino in Everett, Mass., near Boston, along the Mystic River.i drove bye
everett last week and the building is completely up. my guess is that it will be open for New Years eve 2019. to bad he is no longer the CEO, i probably won't get invited for the grand opening of the place.

_______
02-20-2018, 11:31 PM
I just saw this now. That would be interesting; MGM has a market cap of $19.65 billion and WYNN's is $16.95 billion. I wonder if it would get past the Justice Department? Vegas is pretty much MGM and Caesar's properties right now. A few smaller ones like Boyd thrown in, as well. I would think the WYNN board would resist, unless it was a ridiculous offer.

MGM is an unlikely buyer of Wynn as they both have casinoís on Macau and would be unlikely to receive permission to operate both after a merger.

The problem isnít American regulatorís, itís Chinese.

Valuist
02-21-2018, 03:08 PM
MGM is an unlikely buyer of Wynn as they both have casino’s on Macau and would be unlikely to receive permission to operate both after a merger.

The problem isn’t American regulator’s, it’s Chinese.

You bring up a good point. I didn't think it was likely but the Chinese could definitely put the kybosh on it, even if US regulators approved. I think Wynn has two casinos in Macau.

Valuist
03-09-2018, 05:43 PM
Up around $18 the past two days. Clear out the noise and reality sets in. The company is a money machine.

reckless
03-11-2018, 09:10 PM
Up around $18 the past two days. Clear out the noise and reality sets in. The company is a money machine.

During the Stevie wonderboy mess I picked up a few shares of both WYNN and MGM solely as an arbitrage play.

I am still convinced WYNN eventually gets taken over ... but that's not the point right now.

As you said Valuist, WYNN is a money machine; it still seems slightly overvalued from a metrics point of view.

I am willing to wait and see on how this one plays out. Good luck.