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WYNN - Wynn Resorts, Ltd. - Page 13

post #241 of 285

getting there close and closer

 

 

i dont think we will have much of a sell off...

 

the market is too good right now for it to break below 100

 

105 is buy

post #242 of 285

Wynn is up 8 points or over 7% on the news that the co-founder of the company was forced out of his 20% stake in the company due to bribery allegations.

post #243 of 285

WYNN having a great day up almost 8 point,then halted on an 8k filing mistake. Yeah,I am sure it was just a mistake.suspicious.gif

post #244 of 285

any ideas? whats going on

 

street says shareholder leaving

 

and or cotai land dispute

post #245 of 285

old news, but I think this is what you're talking about?

 

http://www.reuters.com/article/2012/02/23/us-wynn-okada-idUSTRE81K1LG20120223

 

Exclusive: Wynn aims to kick Okada off Macau board Friday

post #246 of 285

yea..i guess hes selling the block of his stocks

 

so -2% from here

 

ORR

 

the land deal makes wynn pop more

 

i dunno

post #247 of 285

here it is

 

rading of Wynn Resorts Ltd. shares is halted after the company mistakenly reported that it made progress on a new resort in the Chinese gaming hub of Macau.

Shares jumped 6 percent after Wynn filed a regulatory report saying it made progress on a lease for the resort. The company later said the filing was a mistake. Wynn says there was no agreement and the filing was submitted by accident.

In the erroneous report, Wynn Resorts said its subsidiary in Macau had reached an agreement with the government there that would open the door to developing a five-star hotel, and casino.

Macau is a major resort and gambling destination that draws visitors from around Asia.

Shares had jumped $7.70, or 6.3 percent, to $129.76 before trading was stopped.

post #248 of 285

in common

 

WAYYYYY oversold

 

great company great future

 

looking to average down if we go lower

post #249 of 285

casino AH are HOT.!!

post #250 of 285
casinos green
post #251 of 285
Wynn blasting out!!
post #252 of 285

I have 2 WYNN weekly 115$ calls @ .50 from yesterday.

 

Don't think its going to work out, not selling now.

post #253 of 285


Wynn Resorts (WYNN) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Bad news already appears priced into the stock. $136 price target.

post #254 of 285

I believe JPM cut targets on gaming stocks this morning as well. http://www.cnbc.com/id/47610750

Quote:
Originally Posted by StockJock-e View Post


Wynn Resorts (WYNN) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Bad news already appears priced into the stock. $136 price target.

post #255 of 285

wynn is solid....

 

at one point it will be a better pick than lvs

post #256 of 285
Saw it break 100

I wouldnt mind 80$ wynn
post #257 of 285

wynn taking a BIGGGG pounding...

 

im loving it...keep it comming...

post #258 of 285

lots of trouble...the 100$ is key

 

i think we will break under in the long run...

 

keeping a put watch on here

 

LVS was put watch..but seems to strong for a drop

post #259 of 285

Waddell & Reed Selling Shares in Sands China, Wynn Macau

Waddell & Reed Financial Inc. (WDR), a U.S. mutual fund company, is selling shares in two Macau, China- based casinos, Sands China Ltd. (1928) and Wynn Macau Ltd. (1128), raising about $250 million, according to terms obtained by Bloomberg News.

A total of 41 million shares in Sands China are being offered for HK$24.18 to HK$24.68 each, representing a discount of as much as 5 percent to today’s closing price, the terms show. Waddell & Reed is also offering 55.5 million Wynn Macau shares for HK$17.53 to HK$17.90 apiece. UBS AG (UBSN) is managing both processes, according to the terms.

Waddell & Reed is selling stock in the casino operators as revenue growth slows and the companies expand in Macau, a former Portuguese colony and the only city in China with legalized casino betting. Macau has become a global gambling hub, with $34 billion in gaming revenue last year.

Macau’s casino revenue grew 7.3 percent in May from the same period a year earlier, the slowest rate since the collapse of Lehman Brothers Holdings Inc. in 2008. That compares with growth of 22 percent for April and 24 percent for March.

Wynn Macau, the Asian unit of Steve Wynn’s Las Vegas company, plans to invest $4 billion in a new resort in the Chinese city. Sheldon Adelson, chairman of Las Vegas Sands Corp. (LVS), which controls Sands China, opened the $5 billion Sands Cotai Central in April.

Shares of Hong Kong-listed Wynn Macau have fallen 5 percent this year, while Sands China shares have risen 16 percent.

Waddell & Reed bought a stake in Formula One from CVC Capital Partners Ltd. for $1.1 billion this year, a person with knowledge of the matter said in May.

post #260 of 285

Wynn...u cannot hold 100 forever...

 

u gunno break it and we all know!

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