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Wynn Resorts, Limited stock price
Wynn Resorts, Limited latest news:
New CEO denies prior knowledge of sex claims against founder
The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month.
The Latest: Shareholders in 2nd lawsuit against Wynn Resorts
The Latest on the termination agreement announced Friday between casino mogul Steve Wynn and Wynn Resorts (all times local): 2:40 p.m.
Wynn Resorts Will Not Pay Steve Wynn Severance
Mr. Wynn, who founded the casino company, will forgo up to $330 million in separation compensation and agreed to a two-year noncompete clause.
BRIEF-Wynn Resorts Commences Consent Solicitation By Wynn Las Vega, Wynn Las Vegas Capital
* WYNN RESORTS ANNOUNCES COMMENCEMENT OF CONSENT
WYNN LAS VEGAS, LLC AND WYNN LAS VEGAS CAPITAL CORP.
Wynn Resorts shares climb after Maddox moves into CEO slot
By Rachit Vats and Ankit Ajmera. - Wynn Resorts Ltd (WYNN) shares jumped 10 percent on Wednesday, as investors approved of the casino operator's decision to give company veteran Matt Maddox the top job, replacing casino mogul Steve Wynn who resigned following sexual misconduct allegations. Wynn, 76, who has denied the accusations, stepped down as CEO on Tuesday.
Casino magnate Steve Wynn quits as CEO after sexual misconduct claims
(Reuters) - U.S. casino mogul Steve Wynn has resigned as CEO of his company Wynn Resorts following claims he subjected women who worked for him to unwanted advances, becoming one of the most prominent business leaders to quit over sexual misconduct allegations in recent months.
Wynn Resorts' new CEO Maddox has long been founder's right hand man
HONG KONG, Feb 7 (Reuters) - Matt Maddox, who has taken the
helm at Wynn Resorts Ltd after founder Steve Wynn
resigned in the wake of sexual misconduct allegations, is a
veteran employee long seen as a natural successor to his former
Steve Wynn Resigns As Head Of Wynn Resorts Amid Sexual Misconduct Allegations
The accusations against the 76-year-old billionaire who owns casinos in Las Vegas and the Chinese territory of Macau were first published last month by The Wall Street Journal.
Casino magnate Steve Wynn steps down as CEO after sexual misconduct claims
(Reuters) - U.S. casino mogul Steve Wynn has resigned as CEO of his company Wynn Resorts following claims he routinely subjected women who worked for him to unwanted advances, becoming the latest prominent business leader to quit over sexual misconduct allegations.
Steve Wynn: Casino mogul quits his company amid harassment claims
Steve Wynn resigns as chairman of Wynn Resorts amid allegations of sexual misconduct.
Steve Wynn: Casino mogul resigns from Wynn Resorts
The businessman resigns from Wynn Resorts amid allegations of sexual misconduct.
Casino mogul Steve Wynn resigns amid sex misconduct claims
Casino mogul Steve Wynn has resigned as chairman and CEO at Wynn Resorts amid sexual misconduct allegations.
Steve Wynn resigns as CEO of Wynn Resorts amid sexual misconduct allegations
Steve Wynn has resigned as chief executive and chairman of Wynn Resorts Ltd. , the company said in a statement Tuesday night. Matt Maddox, the company's president, will take over as CEO. "It is with a collective heavy heart, that the board of directors of Wynn Resorts today accepted the resignation of our founder, CEO and friend Steve Wynn," non-executive director of the board Boone Wayson said in the statement. Last month, the Wall Street Journal reported the casino magnate had a long history of sexual misconduct allegations against him, and had pressured his employees into sex acts. Wynn resigned as finance chairman of the Republican National Committee following the report. "In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity," Wynn said in a statement Tuesday. "I have reached the conclusion I cannot continue to be effective in my current roles." Shares of Wynn Resorts have fallen about 20% since the allegations emerged in late January.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wynn Resorts founder Steve Wynn steps down as CEO, chairman
(Reuters) - Wynn Resorts said on Tuesday its founder Steve Wynn stepped down as chief executive and chairman of the company.
BRIEF-Wynn Resorts CEO Steps Down
* BOARD HAS APPOINTED MATT MADDOX, CURRENTLY PRESIDENT OF
COMPANY, AS ITS CEO
Wynn stock drop forces question: when to disclose misconduct?
The steep drop in the stock price of Wynn Resorts Ltd (WYNN) following a report that chairman Steve Wynn subjected female staff to unwanted sexual advances offers an illustration of how such allegations may now be "material" information that public companies need to disclose.
Wynn Resorts' stock falls, as Massachusetts' gaming regulators give update on investigation
Shares of Wynn Resorts Ltd. (WYNN) tumbled 3.1% in afternoon trade Wednesday, erasing earlier gains of as much as 3.3% at their intraday high, after the Massachusetts Gaming Commission provided an update to its review of the casino operator's license in the state. The review comes after a report in The Wall Street Journal alleging Wynn's Chief Executive Steve Wynn has a long history of pressuring employees to perform sex acts. Karen Wells, director of the MGC's investigations and...
Dow falls about 180 points, marks worst daily drop in nearly 5 months as Wall Street focuses on rising yields
The Dow Jones Industrial Average logged a triple-digit drop on Monday, its worst one-day decline since early September, as the yield for benchmark 10-year Treasury note hit the highest level since April 2014 above 2.7%, raising concerns that rising borrowing costs could upend a relentless uptrend for equities. The Dow closed down about 180 points, or 0.7%, at 26,439, the S&P 500 index closed off 0.7% at 2,853, registering its worst daily fall since August, while the Nasdaq Composite Index closed down 0.5% at 7,466. The decline for the blue-chip benchmark was the worst daily slide since Sept. 5, according to FactSet data. Anxiety over a coming State of the Union address from President Donald Trump set for Tuesday, an updated policy statement from the Federal Reserve on Wednesday, a monthly jobs report on Friday and corporate quarterly results throughout the week contributed to investor unease. In corporate news, Dr Pepper Snapple Group Inc. soared 22% after a merger deal with privately held Keurig Green Mountain was announced early Monday. Meanwhile, shares of Wynn Resorts Ltd. finished off 6.5%, adding to losses from Friday, as investors reacted to allegations that founder Steve Wynn has a history of sexual misconduct. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wynn's stock plunges again as analysts warn of significant risk from CEO allegations
Shares suffer worst two-day stretch in nearly 9 years; analysts say another 10% decline needed to price in the potential risk. Shares of Wynn Resorts Ltd. (WYNN) tumbled again Monday, as some analysts warned investors the stock hasn't fallen nearly enough to account for the risk associated with the allegations of sexual misconduct by Founder and Chief Executive Steve Wynn. The casino operator's stock had already plunged 10% on Friday on heavy volume of 22.1 million shares, after The...
Steve Wynn has already lost hundreds of millions of dollars in wake of misconduct allegations
The sexual misconduct allegations against Wynn Resorts CEO and founder Steve Wynn have already cost the billionaire hundreds of millions of dollars. After the Wall Street Journal published allegations Friday of a pattern of sexual misconduct by Wynn over many years, shares in the company's stock plunged 10%. They were down another 8% in early trading Monday.
Wynn Resorts shares fall as board investigates allegations
Wynn Resorts shares continue dropping as board investigates sexual harassment allegations
Wynn Resorts shares down 3.5% premarket after allegations of sexual misconduct by CEO Steve Wynn
Shares of Wynn Resorts Ltd. slid another 3.5% in premarket trade Monday, as investors continued to digest a Wall Street Journal report from Friday alleging yearslong sexual misconduct by Chief Executive Steve Wynn. The move sent Wynn shares down about 10% Friday and shaved about $2 billion off Wynn Resorts market capitalization. Wynn, who stepped down from his rolse finance chairman for the Republican National Convention over the weekend, denied the allegations, telling the paper: "The idea that I ever assaulted any woman is preposterous." "We think the news reports alleging sexual harassment by Steve Wynn creates a sizable overhang in the shares and see value that compensates investors for risk related to these allegations at the ~$150 level, versus the ~$180 level it last traded on Friday," J.P. Morgan analysts wrote in a note. Analysts noted that the gaming industry is highly regulated and licenses include character clauses. Nevada and Massachusetts gaming commissions have already launched reviews. "A scenario where WYNN doesn't have Steve as a CEO is not good for the company," said the note. "We have always held the belief that WYNN possesses the single largest individual CEO dependency versus any of the other 30 gaming and lodging companies our coverage universe (well, maybe LVS with CEO Sheldon Adelson is tie with WYNN)." Shares have gained 75% in the last 12 months, while the S&P 500 has gained 25%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wynn Resorts CEO calls sexual misconduct accusations 'preposterous'; stock falls
(Reuters) - Las Vegas casino mogul Steve Wynn has routinely subjected women who work for him to unwanted sexual advances in a pattern of misconduct detailed by dozens of past and present employees, the Wall Street Journal reported on Friday, but the billionaire denied the accusations as "preposterous."
Wynn shares tumble 10% on reports of 'decades-long pattern of sexual misconduct' by CEO Steve Wynn
Wynne Resorts says the WSJ report of alleged sexual misconduct reflects allegations made in court by Steve Wynn's ex-wife.
The Latest: Massachusetts panel to review Wynn allegations
The Latest on reaction to a Wall Street Journal report of multiple allegations of sexual harassment against Steve Wynn, the founder and CEO of casino operator Wynn Resorts (all times local): 2:20 p.m.
Steve Wynn accused of sexual misconduct, report says
Many present and former Wynn Resorts casino workers told of behavior that represents decades of sexual misconduct, The Wall Street Journal reported
Wynn Resorts shares tank after report of sexual misconduct by owner Steve Wynn
Wynn denies the allegations, which he says were fabricated by his ex-wife in divorce rift. Shares of Wynn Resorts Ltd. (WYNN) fell about 10% Friday, after the Wall Street Journal reported that its founder and chief executive, the billionaire casino mogul Steve Wynn, has a long history of sexual misconduct and pressuring his employees to perform sex acts. Wynn denied the allegations, telling the paper: "The idea that I ever assaulted any woman is preposterous."
Wynn Resorts CEO calls sexual misconduct accusations 'preposterous'
- Wynn Resorts Ltd Chief Executive Steve Wynn said on Friday that accusations of sexual misconduct made against him that were reported by the Wall Street Journal were "preposterous." "The idea that I ever assaulted any woman is preposterous," Steve Wynn said in a statement emailed to Reuters. Wynn Resorts (WYNN) shares were down about 8.5 percent to $183.56 in afternoon trade.
Wynn Resorts shares slide 10% on report of sexual misconduct by owner Steve Wynn
Shares of Wynn Resorts Ltd. (WYNN) fell about 10% Friday, after The Wall Street Journal said owner, the billionaire casino mogul Steve Wynn, has a long history of sexual conduct and of pressuring his employees to perform sex acts. Wynn denied the allegations, telling the paper, "The idea that I ever assaulted any woman is preposterous." He blamed the accusations on this ex-wife Elaine Wynn, who has filed a lawsuit seeking to revise the terms of their divorce settlement.
UPDATE: Wynn Resorts shares slide 10% on report of sexual misconduct by owner Steve Wynn
Shares of Wynn Resorts Ltd. fell about 10% Friday, after The Wall Street Journal said owner, the billionaire casino mogul Steve Wynn, has a long history of sexual conduct and of pressuring his employees to perform sex acts. Wynn denied the allegations, telling the paper, "The idea that I ever assaulted any woman is preposterous." He blamed the accusations on this ex-wife Elaine Wynn, who has filed a lawsuit seeking to revise the terms of their divorce settlement. The Journal said it spoke to about 150 employees, many of whom were worried that Wynn was so powerful that he could hurt their chances of being employed elsewhere. Shares have gained about 98% in the last 12 months, while the S&P 500 has gained 24%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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