Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rate Thread
Old 01-28-2018, 08:21 PM   #16
JustRalph
Just another Facist
 
JustRalph's Avatar
 
Join Date: Mar 2002
Location: Now in Houston
Posts: 41,724
Rep Power: 67 JustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to beholdJustRalph is a splendid one to behold
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 .........
__________________
DROWNING IN GRAVY!
JustRalph is offline   Reply With Quote Reply
Old 01-29-2018, 07:59 PM   #17
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,135
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
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.
Valuist is offline   Reply With Quote Reply
Old 01-30-2018, 07:41 PM   #18
AltonKelsey
Registered User
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,352
Rep Power: 4 AltonKelsey will become famous soon enough
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.
AltonKelsey is offline   Reply With Quote Reply
Old 02-01-2018, 12:59 PM   #19
reckless
Registered User
 
Join Date: Jun 2002
Location: near Philadelphia
Posts: 3,901
Rep Power: 23 reckless is just really nicereckless is just really nicereckless is just really nicereckless is just really nice
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.
reckless is offline   Reply With Quote Reply
Old 02-01-2018, 02:21 PM   #20
AltonKelsey
Registered User
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,352
Rep Power: 4 AltonKelsey will become famous soon enough
Could be doing him a favor. One more facelift and his chin would be north of his forehead.
AltonKelsey is offline   Reply With Quote Reply
Old 02-07-2018, 02:20 PM   #21
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,135
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Wynn resigns and the stock is up about $13 today. The market likes clarity.
Valuist is offline   Reply With Quote Reply
Old 02-07-2018, 06:11 PM   #22
reckless
Registered User
 
Join Date: Jun 2002
Location: near Philadelphia
Posts: 3,901
Rep Power: 23 reckless is just really nicereckless is just really nicereckless is just really nicereckless is just really nice
Quote:
Originally Posted by Valuist View Post
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.
reckless is offline   Reply With Quote Reply
Old 02-20-2018, 07:07 PM   #23
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,135
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Quote:
Originally Posted by reckless View Post
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.
Valuist is offline   Reply With Quote Reply
Old 02-20-2018, 09:32 PM   #24
lamboguy
Registered User
 
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 18,460
Rep Power: 31 lamboguy has a spectacular aura aboutlamboguy has a spectacular aura about
Quote:
Originally Posted by reckless View Post
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.
lamboguy is offline   Reply With Quote Reply
Old 02-21-2018, 12:31 AM   #25
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
Rep Power: 0 _______ is on a distinguished road
Quote:
Originally Posted by Valuist View Post
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.
_______ is offline   Reply With Quote Reply
Old 02-21-2018, 04:08 PM   #26
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,135
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Quote:
Originally Posted by _______ View Post
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 is offline   Reply With Quote Reply
Old 03-09-2018, 06:43 PM   #27
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,135
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Up around $18 the past two days. Clear out the noise and reality sets in. The company is a money machine.
Valuist is offline   Reply With Quote Reply
Old 03-11-2018, 10:10 PM   #28
reckless
Registered User
 
Join Date: Jun 2002
Location: near Philadelphia
Posts: 3,901
Rep Power: 23 reckless is just really nicereckless is just really nicereckless is just really nicereckless is just really nice
Quote:
Originally Posted by Valuist View Post
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.
reckless is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
What are the true odds of a Baffert Trifecta in the Kentucky Derby
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 05:44 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.