Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Wynn Resorts    WYNN

WYNN RESORTS (WYNN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Wynn Resorts, Limited : Wynn Resorts Investor Investigation - The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of the Officers and Directors of Wynn Resorts, Ltd.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/30/2012 | 11:15pm CEST

Former United States Securities and United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announce that the firms are investigating legal claims against the officers and Board of Directors of Wynn Resorts, Ltd. ("Wynn") (NASDAQ: WYNN) related to potential violations of the Foreign Corrupt Practices Act by allegedly providing improper monetary benefits to the University of Macau Development Foundation.

If you are an affected investor and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [email protected], or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at [email protected]. There is no cost or fee to you.

The Securities and Exchange Commission ("SEC") recently sent a letter to Wynn asking about a $135 million gift to the University of Macau Development Foundation. The SEC's inquiry was made as result of allegations in a lawsuit filed in January by a former director of Wynn and its largest shareholder, Kazuo Okada ("Okada"). According to his lawsuit, Okada claims that the donation was improper because (1) the Foundation is connected to government officials who regulate gambling in Macau; (2) the Foundation sits on government owned land; and (3) the final installment of the payment is due in ten years, the precise moment when Wynn's Macau gaming license is set to expire.

"If Wynn is found to have violated the Foreign Corrupt Practices Act, then the company could face a range of potential damages including everything from monetary fines and penalties to losing its status as a licensed gaming operator in Nevada and elsewhere. Based on our investigation, we are prepared to pursue litigation to preserve the company and the value of Wynn's stock for all shareholders, including seeking removal of certain officers and directors and monetary payments," said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Powers Taylor, LLP
Patrick Powers, 877-728-9607
[email protected]
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
[email protected]


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WYNN RESORTS
06/18NASDAQ 100 MOVERS : Biib, jd
AQ
06/15WYNN RESORTS : Read the $18M suit against Wynn Resorts; former landowner alleges..
AQ
06/14WYNN RESORTS : Former owner of Everett land where Wynn Resorts is building a cas..
AQ
06/14WYNN RESORTS : Should Wynn Resorts keep building $2.5 billion Encore Boston Harb..
AQ
06/13WYNN RESORTS : Former co-owner of Everett land sues casino
AQ
06/11WYNN RESORTS : Should You Buy the Dip at Wynn Resorts?
AQ
06/08WYNN RESORTS : to end parking fees for overnight guests
AQ
06/08NASDAQ 100 MOVERS : Swks, mnst
AQ
06/08WYNN RESORTS : Solar Facility Begins Powering Wynn Casinos in Las Vegas
AQ
06/06WYNN RESORTS : Appoints First Chief Sustainability Officer
PR
More news
News from SeekingAlpha
06/15Play The House Odds And Bet On Las Vegas Sands 
06/14Sports betting goes live in New Jersey 
06/14WYNN : A Long Shot Play On Sports Betting Narrows The Gap As New Management Take.. 
06/13Pricing Wynn Is Very Tricky 
06/11Anti-fraud efforts ramping up with sports betting 
Financials ($)
Sales 2018 7 005 M
EBIT 2018 1 308 M
Net income 2018 503 M
Debt 2018 6 211 M
Yield 2018 1,72%
P/E ratio 2018 36,15
P/E ratio 2019 18,21
EV / Sales 2018 3,57x
EV / Sales 2019 3,12x
Capitalization 18 819 M
Chart WYNN RESORTS
Duration : Period :
Wynn Resorts Technical Analysis Chart | WYNN | US9831341071 | 4-Traders
Technical analysis trends WYNN RESORTS
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 214 $
Spread / Average Target 23%
EPS Revisions
Managers
NameTitle
Matthew O. Maddox President & Chief Executive Officer
Daniel Boone Wayson Non-Executive Chairman
Craig S. Billings CFO, Treasurer & Chief Accounting Officer
Alvin V. Shoemaker Independent Director
Patricia Mulroy Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WYNN RESORTS2.80%18 819
LAS VEGAS SANDS CORP.15.66%63 427
MGM RESORTS INTERNATIONAL-6.47%17 388
GENTING SINGAPORE PLC-6.82%10 928
SJM HOLDINGS LIMITED48.20%7 427
TABCORP HOLDINGS LIMITED-17.74%6 870