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

Delayed Quote. Delayed  - 08/17 10:00:01 pm
134.62 USD   -1.34%
08/17DJWYNN MACAU : 1st Half Net Profit HK$1.59 Billion
08/15 S&P 500 MOVERS : Aap, wynn
08/15 NASDAQ 100 MOVE : Tsco, wynn
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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.

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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 patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. 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
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com


© Business Wire 2012
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Latest news on WYNN RESORTS, LIMITED
08/17DJWYNN MACAU : 1st Half Net Profit HK$1.59 Billion
08/15 S&P 500 MOVERS : Aap, wynn
08/15 NASDAQ 100 MOVERS : Tsco, wynn
08/08 WYNN RESORTS, LIMITED : ex-dividend day
08/07 Trump adds trademarks in casino hub Macau
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08/03 WYNN RESORTS : Reports Second Quarter 2017 Results
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Financials ($)
Sales 2017 6 018 M
EBIT 2017 1 041 M
Net income 2017 435 M
Debt 2017 5 835 M
Yield 2017 1,56%
P/E ratio 2017 31,84
P/E ratio 2018 23,94
EV / Sales 2017 3,26x
EV / Sales 2018 3,16x
Capitalization 13 807 M
Chart WYNN RESORTS, LIMITED
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Wynn Resorts, Limited Technical Analysis Chart | WYNN | US9831341071 | 4-Traders
Technical analysis trends WYNN RESORTS, LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 142 $
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Stephen Alan Wynn Chairman & Chief Executive Officer
Matthew O. Maddox President
Craig S. Billings CFO, Treasurer & Principal Accounting Officer
Robert Jos Miller Lead Independent Director
Daniel Boone Wayson Independent Director
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