35 Burst results for "Wynn Resorts"

"wynn resorts" Discussed on 790 KABC

790 KABC

02:07 min | 1 year ago

"wynn resorts" Discussed on 790 KABC

"Over one million power customers were in the dark statewide it could take days to restore power to some state residents. A state of emergency is in effect the weapon New Jersey, where some parts of the state will receive five inches of rain negotiations continue on Capitol Hill on a Corona virus stimulus bill that can win bipartisan support. Correspondent Linda Kenyan reports. Senator John Thune, a member of the Republican leadership team, says one thing is certain. We're not going to pass. The Heroes Act. It is not a serious piece of legislation. The Heroes Act, which was passed by the democratically controlled house several weeks ago is a stimulus bill worth more than $3 trillion. The Republican controlled Senate proposed to build just last week. It's about 1/3 the size and scope. House Speaker Nancy Pelosi, Senate Minority Leader Chuck Schumer, Treasury Secretary Steve Mnuchin and White House chief of staff Mark Meadows have met six times behind closed doors to discuss the new coronavirus stimulus package. Schumer, a New York Democrat, provided an update while talking to reporters were still far away on a lot of the important issues, But we're continuing to go at the California Assembly has changed the rules so lawmakers can vote from home. The Assembly changed its rules yesterday, saying lawmakers who are at high risk for covert 19 don't need to be present in the chamber. Leaders say the new rule is necessary to protect the health and safety of its members. But the legislature's lawyers say the new rule is likely illegal, and critics warn legal challenges could cancel any bills. The legislature passes over the next month. Sharon Rairden K ABC News on Wall Street. The major indexes all closed up the Wall. Disney company reported sharp a year over year. Third quarter revenue drops today, thanks in part to the coronavirus prompted closure of its theme parks. But the success of its streaming services, most notably Disney plus gave the Burbank company needed boost. Disney reported third quarter revenue of $11.8 billion a 42% drop from last year's third quarter. But still ahead of industry expectations. K ABC Sports The Dodgers lost yesterday to the Padres 45. That's sports on the home.

Disney Chuck Schumer California Assembly legislature Senator John Thune Linda Kenyan Senate Dodgers Nancy Pelosi ABC News White House Sharon Rairden New York Burbank chief of staff
"wynn resorts" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:36 min | 1 year ago

"wynn resorts" Discussed on Bloomberg Radio New York

"Wynn Resorts says it's furloughing workers in Las Vegas That is, after previously paying its employees through a three month shut down. Wind declined to say how many employees will go on unpaid leave. Separately, Las Vegas Sands reported second quarter results that trailed even the bleakest full costs of analysts. The company's Las Vegas results generated just $36 million in revenue last month. Overall sales declined 97% from the same quarter last year. Coming up on 33 past the hour. Let's get to Hong Kong. Brian Curtis is looking at market action kind of a mixed picture right now looked like it was going to be a little ho hum earlier. I know Tokyo's on holiday. What are the primary drivers as far as you can tell? Well, as you say, it's a little bit mixed. We've got a couple of markets two or three markets that are doing pretty well today. Singapore, Hong Kong and also Australia. Australia is up about 1/3 of 1% and we're seeing a bounce there and real estate and Consumer discretionary, Pretty healthy gains in those sectors in Australia on DH looking around at the Hong Kong market, up 8/10 of a percent around 200 points is so we did have an upgrade on one of the apple suppliers. C i. C C has upgraded A C technologies to outperform from neutral in the stock is up. About 11% here at the moment, C I c C says there'll be an increase in Apple orders and rebounding. It's optics business that will support a sea technology. Second quarter results. A couple of other things to note today. With uncle Market rebounding. This would seem to suggest that well, it was a big selloff yesterday. But with this increase in U. S. China tensions It was shaken off for shook off on Wall Street, and it seems to be being shaken off in Hong Kong as well with the gains coming back today, although in China the C S I 300 is trading down about 6/10 of 1%. So No, you get these these days where you see a little bit of churn in the market. Some rotation, for instance, in some of the markets technology was out of favor in the past couple of days and materials and industrials did well, but then it it bounces back in the money flows back into technology, so I don't think there's anything to material in terms of a change. In market sentiment. South Korea's economy has slid into recession GDP down 3.3%. There s K Hynek second quarter operating profit at a pretty big beet stock, though not up by much fractionally higher. That is. Look at markets do it to you. Thanks, Brian. Well, Hong Kong officials say the new spike in Corona virus cases is the most severe situation. Let's get to it. Backstage has old Global news.

Hong Kong Las Vegas Las Vegas Sands Brian Curtis Australia Wynn Resorts apple China Singapore South Korea Tokyo
"wynn resorts" Discussed on KDWN 720AM

KDWN 720AM

02:31 min | 1 year ago

"wynn resorts" Discussed on KDWN 720AM

"K D Good morning of John Shaffer. LAS Vegas Metro Police have arrested the father of a deceased baby after investigators found that he and the mother had been street racing leading up to the crash that killed their son. Cameron Hubbard. Jones was arrested on a reckless driving charge after police spoke to witnesses and reviewed video evidence that indicated both he and Lauren pressure was traveling more than 100 miles per hour. Ding into her lane at North Rampart in West Lake Mead, Nevada added back. Nearly 90,000 jobs in the unemployment rate improved 15% in June. ST. Figures show the unemployment rate ticking down from 25.3% in May after businesses began reopening from closures meant to stop the spread of Corona virus. Nearly 73,000 of the new jobs were in the leisure and hospitality sector, which was hit hard with closure of hotels and casinos in Las Vegas Convention and Visitors Authority has announced that the agency is considering purchasing the Las Vegas monorail and running its operations. Our county commissioner Larry Brown. As chair of the L V. C. V aboard, right now, the monorail serves an important piece. Especially during convention, so I don't think it's going to go anywhere. Thoughts on taking over the monorail are in the early stages and could pick up in the next few weeks. There is no timeline for a deal. Several Las Vegas casinos are limiting smoking, keep patrons from removing the protective face masks they are required to wear. Las Vegas Sands Corporation in mid June updated its policy to ask the table game players and Spectators do not smoke or Babe in its Venetian and Palazzo resorts. Wynn Resorts has designated any table games without a plexiglass barrier. As non smoking areas inside the Wynn and Encore casinos from administration in fighting over how to handle the virus. Pandemic has going public in an extraordinary fashion officials in and out of the White House have been publicly undermining Dr Anthony how cheap it is a bit bizarre. I don't really fully understand it, including a U. S. A today opinion Pete's from White House Trade advisor Peter Navarro. Ripping Pfoutch. He's in the world by himself, so I don't even want to go there. Douchey tells the Atlantic the virus outbreaks going in the wrong direction. It's no time for political games. Let's stop this nonsense and figure out How could we get our control over this now? In a rare moment of trying to ease tensions, President Trump stepped in to referee We're all in the same team. We want to get rid of this mess. Sonner agony. Washington.

LAS Vegas Las Vegas Sands Corporation Metro Police White House Wynn Resorts Cameron Hubbard Peter Navarro John Shaffer Jones President Trump West Lake Mead Nevada Ding Washington commissioner Larry Brown Visitors Authority Lauren pressure Dr Anthony
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:54 min | 1 year ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"Yeah you guys are you guys doing the Celtics forward answered questions from the players and told them they should follow their dreams saying to make them the highest you can be and don't sell themselves short if they want to play in the NBA the Celtics are allowing players to participate in voluntary individual player workouts at the our backs center starting on Monday he never had the young core casino is cutting staff which has been closed since March fifteenth because of the pandemic The Boston Globe reports Wynn resorts will stop paying eight hundred and fifty part time workers effective Monday about ten percent of full time workers will be furloughed and while most of the casinos forty two hundred employees will remain on payroll many of them will have their hours cut over to Connecticut where gamblers are getting ready to head back to the so called one armed bandits at Mohegan sun and Foxwoods casinos on Monday and now some peace of mind when it comes to the machine sanitation a new product from transact technologies will help the tribal casinos track cleaning efforts by printing out proof that those machines have been sanitized and just how often it's happening with the opening of the casinos comes against governor Ned Lamont's wishes but the operators of the casino say they are doing their part to make customers comfortable and confident about coming back the nation's capital is beginning to reopen there will be a slow process as CBS news correspondent came in McCormick reports this is the first phase of a re opening plan today is on the first day of phase one or what I like to call stay at home light DC's mayor Muriel Bowser said it's not a day of celebration it's not a party and we shouldn't treat it like a party or else we'll be back to square one Bowser said it is a time to do something slowly on a limited basis the latest on a corona virus plus a check of traffic and weather straight ahead Hamdi and walk ins WBZ Boston's news radio.

Celtics NBA Boston Globe Wynn resorts Connecticut Ned Lamont DC Muriel Bowser Hamdi Boston CBS McCormick
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:30 min | 1 year ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"Trackers all for free DuckDuckGo privacy simplified biking for WBZ's traffic on the threes and now the WBZ four day accu weather forecast as we check in with WBZ accu weather meteorologist Brian Thompson tonight will turn out rather cloudy with a shower to perhaps even a thunderstorm in a few spots a low down to sixty five with a shower in spots during the morning tomorrow the clouds breaking for some sunshine with lowering humidity high tomorrow near eighty but we closer to seventy on the south coast and Cape partly cloudy tomorrow night low near sixty it will drop in the fifties in the suburbs a cooler but pleasant Sunday with lots of sunshine high near seventy even cooler Monday with clouds and some sun high sixty four I'm accu weather meteorologist Brian Thompson WBC Boston's radio cloudy skies right now in Boston the feeling a bit cooler out there that are certainly changing a bit seventy eight degrees in Boston at six twenty five to check on the wing the business encore set to cut staff the average casino has been closed since March fifteenth because of the pandemic the globe is now reporting Wynn resorts will stop paying eight hundred and fifty part time workers effective Monday about ten percent of full time workers will be furloughed and while most of the casinos forty two hundred employees will remain on the payroll many of them will also have their hours cut well a gambler's getting ready to head back to the so called one armed bandits at Mohegan sun and Foxwoods casinos in Connecticut on Monday and now some peace of mind when it comes to machine sanitation a new product from transacting ology is will help the tribal casinos track cleaning efforts by.

WBZ Brian Thompson Boston Wynn resorts Connecticut
"wynn resorts" Discussed on WMAL 630AM

WMAL 630AM

01:53 min | 1 year ago

"wynn resorts" Discussed on WMAL 630AM

"But with new priorities in mind president trump says the corona virus pandemic is worse than some dark American tragedies this is worse than Pearl Harbor this is worse than the World Trade Center there's never been an attack like this and it should've never happened he also reverses decision to dissolve the White House coronavirus force adding the doctor Anthony Fauci and Dr Deborah Berke that will remain part of the group very happy with our defense G. and he'll be doing the same and it never will be doing the same but it to new priorities is expected including vaccine development and treatment and re opening the U. S. economy Karen K. thought Washington some of these sixty three thousand furloughed workers at MGM resorts international could be laid off starting August thirty first the job loss concern comes amid a murky outlook for the shattered the U. S. casino industry Barbara sack Friday's labor department figures are expected to show an unemployment rate of fourteen percent in April as correspondent Kaitlan Collins explains Kevin Hassett who was recently brought back to the White House after leaving has been probably the most blind out of anyone in the administration talking about what this is going to look like and some officials have speculated that it's because they want to basically get people ready for how grim the news is going to be on Friday we're going to bill Michaels reports of record a justice Ruth Bader Ginsburg was discharged from the hospital today after treatment for a gallstone related infection the eighty seven year old Ginsburg spent one night at the Johns Hopkins University hospital to receive treatment for an infection caused by a gall stone she did participate in court arguments by telephone from her hospital room a former green beret who has claimed responsibility for an ill fated military incursion into Venezuela is under federal investigation for arms trafficking because that have.

Kevin Hassett bill Michaels U. S. Dr Deborah Berke White House president Venezuela Johns Hopkins University hospi Ruth Bader Ginsburg trump Kaitlan Collins Barbara sack MGM resorts Washington Karen K. Anthony Fauci World Trade Center
Battered global tourism industry makes reopening plans

AP News Radio

00:42 sec | 1 year ago

Battered global tourism industry makes reopening plans

"Just like many industries it will be some time before tourism gets back to normal six months ago the global tourism industry was celebrating a record year for travel now it's decimated and facing a recovery that could take years and when it does return things may look very different at Universal Studios in Orlando a resort spokesman said multiple teams are working on scenarios including putting more space between writers on roller coasters Wynn resorts CEO Matt Maddox said his company may sanitized dice between users put fewer seats at blackjack tables and idle slot machines between players at its casinos in Las Vegas in Boston I'm surely after

Universal Studios Orlando Wynn Resorts Matt Maddox Las Vegas Boston CEO
Wynn Resorts commits to paying Encore Boston Harbor employees into May

Jay Talking

00:23 sec | 1 year ago

Wynn Resorts commits to paying Encore Boston Harbor employees into May

"Cuts when resorts is continuing to pay all salaried hourly and part time employees through may fifteenth the owner operator of encore Boston Harbor says it'll total sixty days of payroll continuous when says the decision covers more than fifteen thousand current Wynn and encore employees tipped employees will get the average tip compliance rate or distributed taps since the beginning of the

Boston Harbor Wynn
Wynn Resorts commits to paying Encore Boston Harbor employees into May

Jay Talking

00:23 sec | 1 year ago

Wynn Resorts commits to paying Encore Boston Harbor employees into May

"Cuts when resorts is continuing to pay all salaried hourly and part time employees through may fifteenth the owner operator of encore Boston Harbor says it'll total sixty days of payroll continuous when says the decision covers more than fifteen thousand current win in an encore employees tipped employees will get the average tip compliance raider distributed tips since the beginning of

Boston Harbor
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:02 min | 1 year ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"Saturday still damp near the coast at the start otherwise limited sunshine again a brisk and chilly day forty four Sunday some sunshine to be giving way to clouds high forty nine we do get closer to sixty degrees looking ahead to Monday I'm accu weather meteorologist Danielle middle WBZ Boston news radio forty six in Braintree forty five in Arlington it is forty four degrees and with that within forty five in Boston BJ's wholesale club wants to help make shopping as easy as possible for our members you can always choose to buy online and pick your order up in club will have a waiting order on our app or at BJS dot com thanks for being a BJ's member for twenty five New England business Alice checking with Bloomberg's Karen Moscow Boston scientific reducing the salaries of its chief executive board of directors and executive committee members and temporarily reducing schedules for employees the company said preliminary organic revenue fell about two to three percent in the first quarter from the same period a year earlier meanwhile Wynn resorts which owns and operates encore Boston Harbor in Everett said it'll continue to pay all salaried hourly and part time employees through may fifteenth the resort casino is closed due to the cold at nineteen outbreak a coalition of Boston area businesses launching a campaign to support smaller businesses struggling amid force nonessential shut downs the greater Boston chamber of commerce asking members to donate time to businesses in need through pro bono legal financial strategy and accounting human resources and marketing and communications work on Bloomberg's cover in Moscow we doing one business on WBZ Boston news radio at wall street making some gains today despite some pretty disappointing news of the unemployment realm the Dow gaining Ford sixty nine points the nasdaq up a hundred twenty six the S. and P. five hundred up fifty six points straight ahead in the news at four thirty Boston mayor Marty Walsh really wants people to stay home this is the American red cross blood donation alerts only facing a severe blood shortage during this corona virus outbreak healthy blood and platelet donors are asked to make an appointment to give now donating blood is safe and.

Boston chamber of commerce executive committee chief executive Alice Boston Danielle Marty Walsh Braintree Dow Moscow Everett Boston Harbor Wynn resorts Karen Moscow Boston Bloomberg Arlington
"wynn resorts" Discussed on KDWN 720AM

KDWN 720AM

01:40 min | 1 year ago

"wynn resorts" Discussed on KDWN 720AM

"Individual decisions about whether to close Wynn resorts said the two week closure start March seventeenth at six PM MGM says its Las Vegas properties would suspend operations by March seventeen seventy governor Steve Sisolak has ordered all schools in the Vatican Lowe's beginning today that means all public private and charter schools in Clark county will be closed but he says the students to get meals from schools will be held reduce please these services will continue for several days now hello Sir C. mobile services due to school closures our these programs will not the schools schools will remain closed until at least April sixth during that time Clark County school district boys will be paid Clark County in the cities of Las Vegas Henderson north Las Vegas mesquite and boulder city of declared emergencies in their jurisdictions to better manage the coronavirus situation and its associated impacts the hospital emergency rooms local government agencies local businesses residents and visitors declaration would assist southern Nevada local governments as they seek to stabilize it more efficiently respond to emerging conditions related to covert nineteen and manage the response and recovery effort as a top health official warns the worst is yet to come president trump is urging Americans to stop supporting groceries and supplies amid the corona virus outbreak the coronavirus infection rate is surging in the U. S. and the nation's top infectious disease expert is pushing Americans to act with more urgency Tony felt she says the worst is yet to come it is how we respond to that challenge that's going to determine what the ultimate end.

Wynn resorts MGM Steve Sisolak Vatican Lowe Clark county official trump Tony Las Vegas Sir C. Las Vegas Henderson Nevada president
"wynn resorts" Discussed on KDWN 720AM

KDWN 720AM

08:29 min | 1 year ago

"wynn resorts" Discussed on KDWN 720AM

"Wynn resorts dot com you can see the banana queen herself was in the studio with me today Leah Lana banana that somebody could legally change it last name I'm trying to convince my husband that he should also he should do that now he calls himself Joey G. banana and it's working out pretty good compromise yeah I think where he gets to keep the G. so we actually had somebody recently talking about that about like a husband taking a wife's name and I was like that is like peak twenty nineteen wokeness of I'm not gonna be a tough sell for me if you don't sell you and go for a much much more traditional you're not even allowed to hyphenate so the banana queasy and Joey G. the banana ten rad yes okay yes okay if you break it down the ordinary to the banana queen so I think it just kinda works if I do apologize becomes that he becomes the cake so in real estate just not happy right or not you have moments of happiness followed by valleys of stress yes Missouri has first round of CDS on the show yeah yes some of that because it does kind of suck it to break he can wear you down I'm sure the deal it's fun looking at houses it's great just there wasn't it wasn't enough for me it wasn't there wasn't enough happiness so you look down the banana smiling at you so I looked down this banana smiling at me I run by a bunch of chocolate and I decided to found Leland is bananas so you had no like cooking experience so I'm really good at ordering food yeah me too if I take a game is very very strong yes so I ate as you had that thought that epiphany of okay let me start this banana business did you even have do you have some weird moments okay why I don't even have experience cooking before was I just not something energy mind my mom was like is a gourmet chef and pastry chef and so when I called her initially and told lifecare dipping chocolate covered bananas I think she fell over on to the floor because of all of her children she definitely didn't expect that to be me I'm kind of like the diva in the family whereas my sister's a dirt bike racer and pro dirt bike racer my brother he likes to dabble around in the kitchen but definitely not me so it's a complete surprise obviously as your caller for two did she give you some tips on what to do right so you could so you mentioned earlier you went out bought all the rockshox yes and so she was like yeah it's not really real chocolate from Michaels and I was like well I learned that when so she either the first ones like all this is gross so the funniest part of this entire story is I was actually on a diet at the time and I couldn't have any fruit any chocolate like it was four ounces of protein in two cups of vegetables so I didn't sample my first banana until I was probably four months into the business we are clearly because why would you be what you were doing so I was feeding all the kids and my husband and they're my best critic you know something was gross yeah they were like yeah that one's what's kind of nice to six kids right because it's not like it's a blank blind samples like one Kelly I got something I you're running the full range of emotions with six kids yes I'm guessing ages add twenty two to thirteen right so you got a pretty wide spectrum of of test subjects yes and that including your husband of course okay so that is so you're testing them on them until you just find the right there and we were going to start with full size bananas and they were like oh this is too much for me to eat like let's just make you take a bite and then so I started making them banana pops and making them small so they could sample them and toss them you know if they needed to and from there it turned into why don't we just do banana pops and dies so I had the card that was gonna be my only like I was just going to do the card on the weekends like we were gonna do made to order banana pops on the spot weddings birthday parties just all kinds of fun stuff plus I'm a huge party throwers so being able to go to other people's parties was like so exciting for me and travel credit Christina my sis is about to try one of the bananas right now off to the side go ahead get in their white chocolate shooting there get on in there she got a call right sees what I see like I ball use body of of rose a bit as he saw a few smart she will you what now because as soon as I get to the office that on a like eight seconds and they need to stay frozen otherwise they're going to get soggy so about one three one for now okay you sorry so I had the banana card and within so I my banana cart was delivered on March ninth and an hour later I had my very first event so did you when did you stop it in the real estate world record date that I open my business I sent back my real estate like so you even like keep it to redo it you own it I was like y'all got it back one hundred percent I do everything a hundred percent Alvarez a few dinner to feed out you and the real estate business you go for that's a whole full blown into I see bananas be eaten Sebastian diving as dash zero dark chocolate white she has got a fruity pebbles looking one does okay I love it so you're all in all it is is right away with her husband to get us all he loved it he supports me a hundred percent he's like my wife is crazy I just I I supporter and whatever's easier and just kind of along for the ride yes yeah hello so you had your first event that same day that same day within an hour of getting my banana cart and I'd never I'd never like to see that it was the my favorite things party for a friend of mine when I was so glad it was for a friend of mine because it was a disaster what happened everything that could it rained on me all the way there's my banana cart was soaking wet by the time I got there got there she had been in a car you gonna give me like it's like a two by four cards it's super cute it's wrapped in a big banana and it's got an umbrella and it's got the little chocolate warmers than the toppings and so we just take bananas out of the freezer out of the cooler with dry ice and then dip them in the chocolate so you tell me which kind of chocolate you want and then which toppings so it's like a chocolate bar a toppings bar and I get to eat what I want to design my own mana yes okay so it weighs like two hundred pound tuner fifty pounds so we get there and there's a step to get into the house so now we've got a lead and my daughter was with me my thirteen year old so she could run the business inside and out but she helped me lift it into the house we got it in there my chocolate heater I've never tested before found out it didn't work so I'm like trying to melt chocolate in a van and I'm scooping it out with a spatula and putting it in the microwave and I just I don't even know what to do I finally get all some chocolate melted and to find out that my bananas I'd put the dry ice in the bottom of the cooler and I didn't know where they were supposed to be above the bananas so all my bananas on top or completely melted and the ones likely I dug down far enough and there were some frozen ones in the bottom but it does look like there was only like ten people about yeah are you still friends just like putting a sock yeah no no no she's like one of my biggest cut like my favorite customers there is an end of year was this when you start last year as you just start yeah yeah year ago yes just a year ago and that obviously an absolutely hellacious first expo yes and they've got I've had much worse since then but you just you keep going we figure out on the fly right you figure everything they're taking bash is actually already finished his banana for those that don't know Sebastian for my office is like we looks like Johnny Depp anyways about a hundred and three pounds because of the fact that he ate that but added that quickly I think speaks to how good it is Christina meanwhile is very short work and SO enjoy what what happening right now Sebastian's eyeballing the box are going for a second do you start the business last year bad bad start to it clearly I don't see it as a bad start I saw it as these are obstacles and I have to learn how to overcome them I just have to figure this out yeah and I wasn't quitting I wasn't gonna give up so it was going to happen so you were just so committed okay this is this is the new calling this is yes no end and then my name rhymed with banana amongst all of this like I was Lina Lana so it just felt so meant to be and I'm like I I'm I'm gonna build a banana empire hi my name after having that right with the fruit so now I can say as a as a financial adviser we will be back with Lina Lina banana the banana queen after these messages on Las Vegas money resource Nevada veterans.

Wynn resorts Leah Lana Joey G.
CEO, Chairman of MGM Resorts Jim Murren steps down

CNBC's Fast Money

05:06 min | 1 year ago

CEO, Chairman of MGM Resorts Jim Murren steps down

"We've got to kick it off with broken last hour on. MGM CONTESSA BREWER BACK CNBC HQ with some numbers and a big executive departure contestants Brian Big news from Mgm Resorts Chairman and CEO. Jim Marin is leaving. He's been at the helm of this organization. Since two thousand twelve in fact was mentored by founder Kirk Kerkorian and will remain in this post. I'm told until a successor is found. This comes at a time fraught with uncertainty for the company it's Casinos Gino's or closed in Macau because of Corona Virus Far East visitors aren't playing Bacharach in Las Vegas. The way they used to that led last quarter do an eighteen percent drop in table. Able Games those headwinds have caused the company to withdraw. Its full year guidance. It's expanding massive energy effort dollars to secure gaming license in Japan for an integrated resort. It's new casino in Springfield Massachusetts is struggling. SNP were out with a note questioning MGM's credit and its ability to sustain long-term Corona virus disruption without raising its risk of default. And then you have activists investors like Keith Meister. Who was named to the Board Board last year? Really Agitating for change here. Three hundred million dollars. In big cost cutting initiatives at MGM resort they're selling premier properties like the Bellagio and MGM. Am Grand on this trip. This is a company Brian in the midst of upheaval. The call has just started. I'm going to jump on on bringing back any headlines that I find please do contests a thank you very much charlie. Let's talk about this guy's not a segment. We talk about too much but tim kind of an odd departure. MGM Yeah The stock up eighteen percent over six months which is good did not as good as the market. It's outperformed Las Vegas Sands not like this company's been tanking but now and as it should it certainly would the focus that's been on Makara remember. MGM Reminding Audience Audience. There are about thirty percent of the revenues coming from China whereas you know win seventy five percent so very different profile on risk as was just talked about the fact that. MGM has been doing everything they can to improve their balance. Sheet makes the stock a lot more defensive so again the sale of the ground they sold their property at fifteen point. Fifteen and three quarters times multiple a on ebitda which is which is very attractive and I think something that gets them down to that one times leverage they were trying to do so I think casinos thrown around here. A lot of these stocks were breaking gap before we got into Corona virus and again those that actually are exposed. I like casino. I should have said this Karen WYNN resorts up eight and a half percent a year. MGM's up twice. That I mean it's again it's not like this spin some horrible underperformer well. There's one thing in the released today. That was really interesting. The tender offer that MGM announced to the Doing one point to five billion and a tender off a Dutch tender. So you can somewhere between twenty nine and thirty four so they're basically giving you somewhat of a floor for at least some portion of the companies thirty even while they're saying we have no idea what. The outlook is based on corona virus. That's sort of interesting to me that they're willing to do that. At a time of such uncertainty sort of goes to your point of I mean they must also stocks undervalued. If they're willing to step up in that way right now so interesting couple of Friday's go Scott hosted the show we were. It was probably not the peak necessarily Sara Corona virus. But obviously we were talking about it in Las Vegas Sands vacillating around the sixty five level and we talked about that being your level for an entry point being that it was the previous high back over the summer. Scott question US correctly. Why would you step in here and to Tim's point because a lot of these names have gotten bludgeoned on the back of it I mean? LVS CBS was absolutely breaking out to the upside prior to this and we talked about that sixty five. They'll now here at seventy one. I think it does take out that. Recent high of seventy I five and it's cheaper than GM nineteen times words MGM's probably premium into space close to twenty two and a half so I'm not saying Fitch MGM here. But I am. I'm staying stay long. LVS The idea being that eventually hopefully sooner than later corona virus will be a footnote in history. Let's hope sooner than later. And and the one thing we've learned about the consumer whether it's the American consumer or somebody Macau or wherever else does a casino if they WANNA go. They're going to go and they're gonNA it comeback quickly and the consumers healthy and the consumer at least we can talk all we want about household debt and certainly some of the sensitivities are interest rates but but if you think about where casinos were after the financial crisis in two thousand eight into nine the consumers in a totally different place they had. They had repaired the balance sheet and that was not a place to come in and buy casinos again. So as you pointed it out this is this is a High Avis. Certainly going to be an awful February Gross gaming revenues in January. We're down eleven point three percent they're going to be significantly worse in February for those exposed to Akao but this is not something that doesn't correct itself. I think as you get through into the second quarter assuming we get through this and I know that's that may be insensitive to the to the to the health issues that are out there. But we've seen this before in terms of Asian assets coming through the SARS virus. Yeah because I would assume tim you would say and I don't WanNa go anything on our coverage coming up in a couple weeks when the next starting sees it as out but you gotta just right off the first quarter right. I mean first. Quarter you

MGM Mgm Resorts Las Vegas Sands TIM Fitch Mgm Brian Big Macau Casinos Gino Sara Corona Kirk Kerkorian Las Vegas Jim Marin Chairman And Ceo Springfield Massachusetts Cnbc Founder Japan High Avis Karen Wynn Resorts Board Board
Dow snaps 5-session winning streak as Boeing's decline weighs

Sean Hannity

00:35 sec | 1 year ago

Dow snaps 5-session winning streak as Boeing's decline weighs

"All Wall Street the major averages closing the red on corona virus concerns in Bowling troubles shares of casino and hotel companies Wynn resorts on Las Vegas sands falling amid fears that the outbreak in China would put a dent in international travel among the Dow gainers today home depot Intel and he said the Dow decliners Boeing Goldman Sachs and chevron Fidel ending a five session winning streak closing down one hundred fifty three points the nasdaq down eighteen as five hundred down nine shares of Boeing dropping over three percent after the aerospace giant said it does not expect to win regulatory approval for the return of

Wynn Resorts Las Vegas Sands China Intel Boeing Goldman Sachs Chevron Fidel Boeing
China confirms virus outbreak has now killed 6 people

Bill Leff and Wendy Snyder

01:11 min | 1 year ago

China confirms virus outbreak has now killed 6 people

"Today there is ongoing concern about the fallout from the deadly virus outbreak in China and then a gloomy growth outlook from the M. F. Chinese officials today confirmed that the new corona virus outbreak took six lives and but it could spread between humans stoking fears of a global pandemic and reviving memories of severe acute respiratory syndrome that's another corona virus outbreak that killed nearly eight hundred people in two thousand two and two thousand three and the concern over it has bred the lower markets today for the traveled stocks delta airlines United Airlines and American are down between one and a half and two point six percent hotel and casino operators Las Vegas and the corporation and Wynn resorts both of which have large operations in China dropped about five percent and it's continuing to have a shakeout in areas outside of Wall Street and that would rein

China Respiratory Syndrome United Airlines Las Vegas M. F. Chinese Wynn Resorts
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:33 min | 2 years ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"By casino owner Wynn. Resort's main contractors Suffolk construction. More from WBZ's Kim Tunnicliffe in Worcester. Poor business practice, the owner of Coughlin, electrical sue mailman says she doesn't like the way win resorts in Suffolk construction have been treating subcontractors, she claims she sold thirty million dollars in last minute change order work company. Did ahead of the casinos grand opening mailman says most contractors review change orders every month, but on this job, those orders were only looked at every eight months should have been happening all along. We shouldn't be at the end of the job, saying, we've got all this work, which they will. Well, aware of this change was happening and wasn't getting process. Our contracts. Subcontractors say we have to proceed with the work in, then we price it later. We are the ones that risk encore says it's paid all invoices submitted by Suffolk Suffolk says it continues to work directly with. Subcontractors to resolve any outstanding legitimate issues. Kim Tunnicliffe WBZ, Boston's NewsRadio. Hi oh man. Convicted for driving his car into a crowd killing one injuring dozens more at a unite the right rally in Charlottesville, Virginia. Back in two thousand seventeen spending the rest of his life in prison. James, Alex fields junior, given a life sentence yesterday fields pleading guilty to nearly thirty federal hate crimes earlier this year. Police filing an aggravated murder charge against Gye who allegedly killed missing Utah college student MacKenzie luck. Correspondent Scott McLean says the suspects neighbors are in disbelief. This though, comes.

WBZ Suffolk Suffolk Kim Tunnicliffe WBZ Kim Tunnicliffe Suffolk construction Scott McLean Coughlin Gye murder Worcester Charlottesville Boston Virginia Utah James thirty million dollars eight months
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:35 min | 2 years ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"By a Toyota dot com, and here's what's happening. President Trump reacting to a comment by house speaker, Nancy Pelosi this morning saying, she believes the president is engaged in a cover up the latest now from CBS CBS news special report, gloves, come off in Washington if they were ever on President Trump walks out of a meeting on infrastructure projects with democratic leaders, then scrambles reporters to say, why. Walk it in happily into a meeting. I walk into look at people that had just said that I was doing the cover of I don't do cover of that accusation leveled by house speaker Nancy Pelosi referring to the Russia investigation. Cbs's Steven Portnoy reports Mr. Trump says the Democrats can have more investment for America or more investigations of him here at the White House. The president was insistent that he would not be willing to negotiate on something where he could find common ground with Democrats, for example, on infrastructure spending, and less. The Democrats were to drop their investigation. He said, they have choice, Craddock reaction from Senate minority leader Chuck Schumer to watch what happened in the White House would make your jaw drop CBS news special report, I'm Vicki Barker of some big casino news. WBZ TV's in a milder says encore in Everett is a go in will open its doors on June. Twenty third has backed out of talks with Wynn resorts about potentially buying. Encore Boston Harbor just weeks before its scheduled opening speculation of a sale raised concerns about a delayed opening and also worried ficials in Springfield as because under state law company can only own one casino at a time. So of MGM had bought encore Everett they would have had to sell their property in Springfield, the mayors of Springfield and Everett and governor Charlie Baker all opposed this. So MGM announced Tuesday. They have ended discussions writing in part, we have noted the anxiety, raised by various stakeholders regarding transaction, and this troubles us at MGM, we only wish to have a positive impact on communities in which we operate and the gaming commission. Also approved a later last call for the casino. They'll be serving alcohol until four a m. A man is being charged with murder following a deadly shooting in Dorchester last night. Here's WBZ's James Rojas. I'm here at the door. Chester district court wear just a few blocks away. A man was shot and killed the suspect. Twenty eight year old shaky McNeil was arrested after an overnight standoff at a super eight motel in Brockton about seven hours before the victim was found suffering for multiple gunshot wounds..

Mr. Trump president CBS MGM Nancy Pelosi White House Everett Springfield Wynn resorts Chester district court Chuck Schumer Washington Steven Portnoy James Rojas Charlie Baker McNeil Vicki Barker
"wynn resorts" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:24 min | 2 years ago

"wynn resorts" Discussed on Bloomberg Radio New York

"Susanna Palmer from Bloomberg world headquarters in Australia, a shock result in elections today. Prime minister Scott Morrison, let his conservative government to a surprise victory. Beating the left leaning labor opposition with his pledge to safeguard. The slowing Australian economy's labor leader Bill. Shorten said that, while there were still millions of votes in Australia left to be counted. It was clear. He could not form a government and he conceded, Austria, maybe headed for snap elections. After a video showing the deputy leader of the center, right? Party Heinz, Christian Straka promising government contracts in return for campaign funding. Straka has stepped down. Toyota's says it's not a threat to the US this as President Trump declared that imported cars threaten US, national security Toyotas, that Trump's declaration yesterday that the US needs to defend itself. Foreign cars and components quote sends a message to Toyota that our investments are not welcome. Win. Resorts is in talks to sell its nearly finished casino outside Boston. The buyer might be MGM resorts international as we hear from Bloomberg's Charlie Pellett, win and GM put out a joint statement saying, quote over the past several weeks. We have engaged in conversations around the potential sale of encore Boston Harbor. The statement said those talks are quote very preliminary and of the nature that publicly traded corporations like ours often engage in Massachusetts regulators late last month decided not to revoke winds licensed to do business in the state after investigating the company's handling of sexual misconduct allegations. Feld co founder Steve Wynn. Charlie Pellett, Bloomberg radio. Global news twenty four hours a day on air and ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. This is Bloomberg. Businessweek. Jason Kellyanne Taylor. Rakes from Bloomberg radio. What doesn't kill you makes? This is actually on my running playlist song. How fitting I love it. I knew that I was training for my eleventh marathon, so side. It's come in and.

Bloomberg Bloomberg world Susanna Palmer Scott Morrison Christian Straka Trump Charlie Pellett US Toyota Australia Prime minister Boston Boston Harbor Shorten Twitter Massachusetts MGM Steve Wynn Party Heinz Jason Kellyanne Taylor
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

Bloomberg Businessweek

00:41 sec | 2 years ago

Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

"Win. Resorts is in talks to sell its nearly finished casino outside Boston. The buyer might be MGM resorts international as we hear from Bloomberg's Charlie Pellett, win and GM put out a joint statement saying, quote over the past several weeks. We have engaged in conversations around the potential sale of encore Boston Harbor. The statement said those talks are quote very preliminary and of the nature that publicly traded corporations like ours often engage in Massachusetts regulators late last month decided not to revoke winds licensed to do business in the state after investigating the company's handling of sexual misconduct allegations. Feld co founder

Win. Resorts Boston Harbor Boston MGM Charlie Pellett Bloomberg Feld GM Massachusetts Co Founder
"wynn resorts" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 2 years ago

"wynn resorts" Discussed on Bloomberg Radio New York

"North Dakota. I'm Ann Cates. And I'm Susanna Palmer from Bloomberg world headquarters in Australia, a shock result in elections today. Prime minister Scott Morrison, led his conservative government to a surprise victory. Beating the left leaning labor opposition with his pledge to safeguard the slowing Australian economy labor leader Bill shorten said that, while there were still millions of votes in Australia left to be counted. It was clear. He could not form a government, and he conceded, Austria may be headed for snap elections. After a video showing the deputy leader of the center, right? Party Heinz, Christian Straka promising government contracts in return for campaign funding. Straka has stepped down. Toyota's says it's not a threat to the US this as President Trump declared that imported cars threaten US national security Toyota, said Trump's declaration yesterday that the US needs to defend it. Itself against foreign cars and components. Quote sends a message to Toyota that our investments are not welcome. Win. Resorts is in talks to sell its nearly finished casino outside Boston. The buyer might be MGM resorts international as we hear from Bloomberg's Charlie Pellett, win and MGM put out a joint statement saying, quote over the past several weeks. We have engaged in conversations around the potential sale of encore Boston Harbor. The statement said those talks are quote very preliminary and of the nature that publicly traded corporations like ours often engage in Massachusetts regulators late last month decided not to revoke winds licensed to do business in the state after investigating the company's handling of sexual misconduct allegations of feld co founder, Steve Wynn. Charlie Pellett, Bloomberg radio. Global news twenty four hours a day on air and ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. This is.

Bloomberg Susanna Palmer Toyota Bloomberg world US Charlie Pellett Christian Straka MGM Australia Bill shorten Ann Cates Trump North Dakota Scott Morrison Prime minister Boston Boston Harbor Party Heinz Steve Wynn Twitter
Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

Nightside with Dan Rea

00:35 sec | 2 years ago

Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

"When resorts could be selling the encore Boston casino before it even opens up. They are now in talks with MGM resorts, about potentially selling. The yet to be opened Everett casino now. That's the case MGM would have to sell their casino in Springfield, gambling regulators recently just slapped win resorts with a thirty five million dollar fine. They did let them keep their casino licence. This was all after they found out executives failed to disclose sexual misconduct allegations against the company's founder Steve Wynn. There was also word that regardless of whether or not the casino is sold. It will open on time in

Mgm Resorts MGM Steve Wynn Boston Founder Springfield Thirty Five Million Dollar
Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

WBZ Afternoon News

00:47 sec | 2 years ago

Wynn Resorts in talks to sell $2.6-billion Encore casino to MGM

"Well just weeks before the encore casino in Everett is scheduled to open still under construction at this point WBZ's. Art Cohen reports. There's talk of a possible sale win resorts, which owns the encore casino in Everett says it has had discussions about a possible sale to MGM which operates a casino in Springfield. In a joint statement, the two companies say they have had conversations around a possible sale, describing them as preliminary both reaffirmed their commitments to the host communities. Where they operate the Massachusetts gaming commission would only say it is continuing its regulatory efforts to prepare on core for opening in June. Under current state law companies can only operate a single casino in the state and if MGM buys encore would most likely have to sell its casino in

MGM Everett WBZ Massachusetts Gaming Commissio Art Cohen Springfield
Wynn Resorts keeps Massachusetts gaming license with $35 million fine

WBZ Midday News

00:29 sec | 2 years ago

Wynn Resorts keeps Massachusetts gaming license with $35 million fine

"Probably not often that accompany celebrates thirty five million dollar fine. But that is the case at win resorts Massachusetts gaming commission levied the fine against the casino operator over its handling of sexual harassment charges. But the ruling allows win to go ahead with plans to open a resort in the area this year L Nyla pharmaceuticals lost money, but one the expectations game in the first quarter. The Cambridge based company posted a loss of a dollar seventy three a share that was not as bad as feared

L Nyla Pharmaceuticals Harassment Massachusetts Cambridge Thirty Five Million Dollar
Wynn Resorts keeps Massachusetts gaming license with $35 million fine

WBZ Morning News

00:49 sec | 2 years ago

Wynn Resorts keeps Massachusetts gaming license with $35 million fine

"It will get to keep its casino license but Wynn resort's is going to pay up for what the mass gaming commission calls significant and repetitive failures related to sexual misconduct allegations against its founder the commission released a written decision. Last night announcing thirty five million dollar fine against win resorts. It is also slapped a half million dollar fine on wind CEO. Matt mattox whose quotes considerable shortcomings are detailed in the report. He is also being ordered to undergo human resources coaching and training as tough as that sounds that decision. Does clear the clouds over when they're win has going to be able to go ahead with its more than two and a half billion dollar casino resorts wins encore Boston Harbor is due to open next

Matt Mattox Wynn Resort Boston Harbor CEO Founder Thirty Five Million Dollar Billion Dollar Million Dollar
Crown shares tumble after Wynn cancels $7.1 billion casino takeover

Bloomberg Daybreak: Asia

00:38 sec | 2 years ago

Crown shares tumble after Wynn cancels $7.1 billion casino takeover

"Those betting on a takeover of crown resorts by Wynn resorts are likely to be a little disappointed just a few hours after it was revealed. These two sides were talking deal win called the whole thing off more from Bloomberg's Denise Pellegrini. Win halted the talks to buy billionaire James Packers crown for seven point one three billion dollars saying the disclosure of the preliminary discussions with the Australian based company was quote, premature buying crown would have given the Vegas casino empire. New market for growth amid a slowdown in Macau analysts are saying, however, it is still possible that deal talks between these two could surface

Wynn Resorts Denise Pellegrini James Packers Macau Bloomberg One Three Billion Dollars
Wynn Resorts to Pay $20 Million Fine Related to Sexual Misconduct Investigation

Financial Exchange with Barry Armstrong

01:47 min | 2 years ago

Wynn Resorts to Pay $20 Million Fine Related to Sexual Misconduct Investigation

"Win resorts has been fine twenty million dollars for its repeated failure to respond properly to sexual misconduct allegations against its founder and former CEO Steve Wynn, these stories just never end, regardless of how I remember back in the nineteen eighty s going through sexual harassment training because that was when you're the big first wave of lawsuits started to hit in company said holy cow. This is really affecting our bottom line. So they would train all their executives and employees about sexual harassment training training people since you know. Late seventies early eighties. Doesn't seem to work. Yeah. And the Nevada gaming commission said that this fine is the largest it has ever levied. So it's really trying to emphasize that takes the issue. Very seriously. You know, when executives, you know, are you saying that, you know, they're focusing on a single man rather than the the, you know, employees, and you know, I think the Nevada gaming commission is trying to say, look, you know, you have to take the seriously. The stock is down thirty five percent. If the Wall Street Journal published an investigation about the allegations. Well, here's the thing. I think if some point stockholders will wake up and say, hey, you can't have executives pulling this stuff. How many times it seems like every month? We're hearing about one or two executives that are being let go. We're talking like chief executives chief investment officers who I suspect Christine just think they're above the law. They they. Hey K. I founded this company. This is my company, I can do whatever I want. Well, no, you can't write or if you choose to you may be shown the door. If you have

Nevada Gaming Commission Harassment Ceo Steve Wynn Wall Street Journal Founder Christine Twenty Million Dollars Thirty Five Percent
Nevada regulators fine Wynn Resorts $20 million in settlement

Tim Conway Jr.

00:35 sec | 2 years ago

Nevada regulators fine Wynn Resorts $20 million in settlement

"Gambling regulators in Nevada have fine. Steve winds former company a record twenty million dollars for not investigating claims of the casino moguls sexual misconduct. Alex stone reports the report lays out a decade's worth of sexual misconduct claims made by women who worked for win. It was no secret that Steve Wynn paid seven point five million dollars settlement to a former manicurist who accused him of raping and impregnating her. According to a new report by Nevada's gaming control board, the board settlement with wind resorts allows the company to keep its gambling license when resigned as the company's CEO and chairman a year

Steve Wynn Nevada Alex Stone CEO Chairman Twenty Million Dollars Five Million Dollars
"wynn resorts" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:38 min | 2 years ago

"wynn resorts" Discussed on WBZ NewsRadio 1030

"Settlement involving Steve win the man who founded Ben resigned from Wynn. Resorts was no secret that Steve Wynn paid seven point five million dollars settlement to a former manicures to accused him of raping and impregnating her. According to a new report by Nevada's gaming control board, the board saying senior executives at Wynn resorts knew about the case, but never initiated an investigation. The report lays out a decade worth of sexual misconduct claims against win with women, he employed. It comes his win resorts announced a settlement with the board for the first time acknowledging an improper response down locations against win. Alex stone ABC there are concerns being raised by a high profile. Senator about attorney general nominee William bars memo on special counsel, Robert Muller's Russian meddling probe. Senator Dianne Feinstein says she's never seen anything like it saying borrowed nineteen pages in a memo and made clear an all-powerful executive can fire executive officials and direct prosecutions, including when the investigation may implicate the president himself. If this view is applied in the current context. There would be little check on the president's action. The Washington Post reports the Senate Judiciary committee is postponing bars confirmation vote which was scheduled for today government shutdown may be over for now. But WBZ's KENDALL Buhl tells us talks are continuing on beacon hill for a relief package for workers going without pay shut down as long as the one that just ended his never happened before. But there's no confidence on beacon hill. It won't happen. Again, house speaker Bob deleo wants a task force ready to go in that eventuality would all get together as a house suspended as an administration to.

Steve Wynn Wynn resorts Senator Dianne Feinstein beacon hill Robert Muller president KENDALL Buhl Senate Judiciary committee Alex stone Bob deleo Senator Washington Post William bars Nevada ABC Ben executive special counsel
"wynn resorts" Discussed on KDWN 720AM

KDWN 720AM

01:45 min | 2 years ago

"wynn resorts" Discussed on KDWN 720AM

"Six zero eight seven six six nine we bring back tray gouty on the way. This would Roger stone just pleaded not guilty. It's news time on the new one zero one five FM seven twenty A M K D. Good morning. I'm John Shafer, Nevada. Gambling regulators say they will find Wynn resorts after an investigation found former executives failed on multiple occasions to investigate claims of sexual misconduct against former CEO and founder Steve Wynn. A complaint and settlement released Monday by the Nevada gaming control. Board said wins conduct was inappropriate and unsuitable and detailed at least seven allegations of misconduct by wind. Dating back to two thousand five win has denied all those allegations authority shot and killed a man who entered as secured federal site north of Las Vegas where the government used to test nuclear bombs the man failed to stop at the security gate on Monday at the Nevada national security site, he drove for about eight miles before he parked got out of his car and approach security officials. They shot him when he refused to stop or drop. The object in his hand. President Trump has accepted a new invitation for the state of the union address, which is now scheduled for next Tuesday, February fifth house speaker Nancy. Bluesy has extended a new invitation to President Trump for next Tuesday. That's after she rescinded the invitation for a January twenty ninth state of the union address because of the government being in a partial shutdown Friday, the president agreed to reopen the government, but it's still demanding border wall funding and set a deadline of February fifteen meanwhile, he's accepted the new date for the state of the union address and says we have a great story to tell and yet great goals.

President Trump Nevada Wynn resorts Steve Wynn Roger stone president John Shafer Las Vegas Nancy CEO founder
Wynn Resorts Misses Q3 Earnings Estimates

CNBC's Fast Money

01:44 min | 3 years ago

Wynn Resorts Misses Q3 Earnings Estimates

"Welcome back to fast money. We got an earnings alert on win resorts. As Wall Street is weighing in on the company's report. Let's get to Contessa brewer headquarters. I can definitely Melissa shares plummeted during the earnings call with Wynn resorts have fresh off a strong third quarter. Macau CEO mathematics through some cold water on expectations for the fourth quarter. Maddox expects the end of the year to be softer on the high end. And the majority of EBA comes from the premium end of the market and right now, they're seeing a slowdown in VIP and premium business that a contraction of confidence as it was labeled on the earnings call and it's being felt even in Las Vegas where the Bacharach revenues declined Matic says he's remaining cautious until there's more clarity around. What is happening with Asia and the premium business there Harry Curtis from incident says most investors have felt the market was stable and not contracting. So the assessment that it's softened somewhat is a surprise Curtis also blames that after hours market drop, a stock drop on muddy messaging on cap ex though Maddux talked about generating free cash flow when they open Boston and eight months. Then he went on to highlight all the investments they're going to make in Macau building up the seven acre parcel next to win palace, adding thirteen hundred suites all suite rooms with its concession up for renewal in twenty twenty two here. The companies just highlighting the unique ways it's contributing to Macau, but in Las Vegas Maddox went on to pull away from founder Steve winds grand plan for paradise park that lagoon or as Maddox called it a large public swimming pool on the Las Vegas strip. That's history and its place a revive golf course expanded convention facilities, and these ideas for thirty eight acre parcel directly on the strip at. This has been a rough week Melissa down to ninety four bucks. Recovered at one thousand today and in the after hours trading back down again again to about one hundred seven so we'll rough ride. Yeah.

Maddox Las Vegas Macau Harry Curtis Melissa Contessa Brewer Wynn Resorts Maddux Asia Matic CEO EBA Bacharach Steve Winds Boston Founder Thirty Eight Acre Eight Months Seven Acre
Wynn Resorts new CEO announces "Wynn" name dropping from company

All News, Traffic and Weather

00:47 sec | 3 years ago

Wynn Resorts new CEO announces "Wynn" name dropping from company

"Hearing before the massachusetts gaming commission today there was a dramatic moment at the end of his testimony before the gaming commission when win resorts new ceo matt mattox announced the name of the casino under construction in everett is going to be encore boston harbor dropping win from the name we're very focused on doing the right thing that's what this company's about and as ceo i can tell you there is no association with steve when there is no business association with steve went on my own man the commission will rule later on whether they believe the company and the man who started the company no longer have anything to do with each other from downtown boston carl stevens wbz news radio ten thirty updating a story citizens bank says it has restored online account access for thousands of customers who had been able to log.

Massachusetts Gaming Commissio Matt Mattox Everett CEO Steve Boston Carl Stevens
Matt Maddox on Wynn Resorts

CNBC's Fast Money

01:50 min | 3 years ago

Matt Maddox on Wynn Resorts

"With the company's new ceo mathematics one week ago for an exclusive interview have other companies made offers to buy when resorts either in whole or in part we've had no offers to buy would you entertain offers to buy wynn resorts co a fiduciary duty to entertain anything but what i can tell you we're not for sale and there's been talks about breaking the company up that also makes no sense so to pursue strategic alternatives at a time when the narrative is not about the business is mistake so steve wynn separation agreement last month with win resorts prohibited him from publicly selling more than a third of his shares in any quarter but under certain circumstances he can sell them privately analysts point out win resorts has the resources to purchase both stephen lanes combined shares to keep them from having any impact on the stock and the big question is mathematics was described to me today by one analyst as being a whiz at capital markets is the place where he's going to put when resorts capital now this reminds me talking about steve wynn buying selling his own shares of the prussians purchase that he made his own the wind bottom right back at the end of two thousand fifteen and was in the fifties right it was in the high fifties then was so what do we think about him maybe selling shares now so if you love getting in with him when he was buying shares by condition you should start selling when he selling and might push back would be he did that by choice then i don't necessarily know if he has a choice now i think the stairs going and by the way this contest first time with us here well interest and she's on her birthday again.

Analyst CEO Wynn Resorts Co Fiduciary Steve Wynn One Week
Casino mogul Steve Wynn may sell his stake in Wynn Resorts

The Laura Ingraham Show

02:05 min | 3 years ago

Casino mogul Steve Wynn may sell his stake in Wynn Resorts

"Bridge collapsed in miami suzy bermudez was in her car i couldn't process what i was seeing she was waiting for a light to change on an eight lane highway near the nine hundred fifty tunbridge and it collapsed from like the left to the right bermudez gone out i locked my car to run to see if i can help somebody and i realized what was happening when i saw that the tips of the the front lights and the cars underneath the bridge and that's when i realized there's a lot of people he initially thought the newlyinstalled bridge at florida international was good because pedestrians wouldn't get run over trying to get across the road but what a tragedy i'm ed donahue a series of paintball attacks are being investigated by las vegas metro police several people have been injured in the attacks that have taken place in several locations in the valley including sahara indicator flamingo jones and washington in buffalo metro says it is a legal to discharge any kind of firearm in a public place in nevada where a person could be in danger even if that firearm is powered by air an agreement involving embattled casino mogul steve wynn and his ex wife that has kept her from controlling her stock in las vegasbased wynn resorts has been deemed invalid a state judge in las vegas signed off on an order stating these stockholders agreement is no longer enforceable the move opens the possibility for steve wynn and in lane wind to sell their stock in the company the agreement is part of a civil case that has been in litigation since two thousand twelve proponents of tougher gun laws are still facing a tough fight at the state government level despite the am visions of the enough is enough movement that sprouted in the wake of the high school shooting in parkland florida last month and associated press review finds a virtual stalemate on gun legislation at the state level and ap survey of bill activity in state legislatures before and after the parkland shooting fines roughly an equal number of bills to limit gun rights and to expand gun rights about three hundred each category republicans have sponsored over eighty percent of bills to expand gun rights democrats have introduced more than ninety percent of bills to limit them a gallup poll released wednesday showed about two thirds of respondents support stricter gun laws i mike rossier resort fees at the venetian and.

Miami Suzy Bermudez Newlyinstalled Bridge Ed Donahue Washington Nevada Vegasbased Wynn Resorts Las Vegas Steve Wynn Florida Buffalo Metro Eighty Percent Ninety Percent
"wynn resorts" Discussed on The Young Turks

The Young Turks

01:36 min | 4 years ago

"wynn resorts" Discussed on The Young Turks

"A new are we returning any uh nope uh the silence appears to be deafening later in that interview he wanted to say well welded the democrats returned the white sea winning anchor was like yeah is it well we don't have to do with the democrats are doing okay gotcha so now we go to mediate jobs wilson saying when asked if the gop will give back when's reported three hundred seventy five thousand dollars in contributions make daniel assisted that win who should be allowed due process now uh by the way through 74000 is actually among the smaller donations win may will trumpcare back wins donations and the money he raised through all those events of course that they mother and you ask him states donald trump of course negga return the money so have other gop a role they say due process but as wilson points out here despite win having stepped down from the rnc as well as from his own company rac chair ronna mcdaniel's taking the innocent until proven guilty route a virtually meaningless stance since win likely will never stand trial so we knew we had to prove his guilty there are no criminal charges right now so by that standard coco wheats she gets will have to keep the money forever or gay they had one other standard even as recently as yesterday when it was announced that win was resigning from wynn resorts and rnc spokeswoman reiterated their position that quote unless a border.

gop daniel rnc ronna mcdaniel wynn resorts wilson donald trump rac three hundred seventy five tho
"wynn resorts" Discussed on CNBC's Fast Money

CNBC's Fast Money

02:25 min | 4 years ago

"wynn resorts" Discussed on CNBC's Fast Money

"We tend to the price up their best people care or one and we care well money does move fast chris thing ever i much appreciate that i appreciated throughout your target on gold gold price start dortha all of us his wife melissa goes on vacation somanje this is very volatility don't worry because pete jerian set up straight has three simple tips for treating it of bottle market he'll break it down whoa power movement there we go tesla now up for actually the earnings webcast is about to get underway philibeaux what is the one thing investors need to hear from the always colorful ilan loss brian it is all about the model three in fact he must has just started talking he's just mentioned the model free sure there will be a lot of questions regarding not only the forecast for the first to the second quarter but beyond we'll have more fast money retur wall street i wynn resorts for a potential take out following the resignation of foundered ceo steve wynn for more this developing story let's go out west contests bruin limousine laws veins buddhism gap brian in resigning steve wind said in a statement that basically he was dealt a bad handy complains about the rush to judgment even so even with his resignation the state regulators here in nevada are still investigating regulators in massachusetts are still conducting their investigation and the board is still on the hook in these investigations even so no more has raised its price target now two two hundred eleven dollars up from 175 and from neutral to by uh harry curtis it numerous tells me that he sees two big options here one is that former president mathematics who will now step into the sea euro role will run the company and will move forward and perhaps change out some of these directors on the board i and just try to operate the company has bosted or the company get sold and split off into assets and other analysts have gone through the list of wouldbe acquirers take a look at the las vegas stands for instance which has the finances to.

melissa pete jerian steve wynn steve wind nevada massachusetts harry curtis las vegas chris wynn resorts ceo president two two hundred eleven dollars