Quote:
Originally Posted by Valuist
Wynn resigns and the stock is up about $13 today. The market likes clarity.
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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.
