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Old 02-21-2018, 01:33 AM
 
2,719 posts, read 3,491,548 times
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All the projects are moving forward according to the new CEO of Wynn/Encore.
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Old 02-21-2018, 07:20 AM
 
2,951 posts, read 2,519,662 times
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^^^And why would they not?

He can't see, so he uses professionals for decades who can 'see' his vision. They are the ones that know what is available like fabrics, tiles, crown molding (since he has a heavy hand in using that.etc.) Then they decribe them to him. He probably feels out what he can like fabrics.

He's got his new projects all planned out in fine detail by now. Teh lake is underconstruction. That project they showed the plans about 18 motnhs ago. And to think he's really gone is a laugh. He stepped down as King.
I'm sure he's cosulting with them off the property. Or in his villa while he's still living there.
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Old 02-21-2018, 10:02 AM
 
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Because it's not a given at this point that the company will continue as an independent entity. The Wall Street types are already discussing who's likely to buy it. If the current management does decide to put it up for sale, the new buyers may not want it to be in the middle of a big, costly expansion project.

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Originally Posted by foundapeanut View Post
^^^And why would they not?

<snip>
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Old 02-21-2018, 10:32 AM
 
9,885 posts, read 7,217,312 times
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Quote:
Originally Posted by foundapeanut View Post
^^^And why would they not?

He can't see, so he uses professionals for decades who can 'see' his vision. They are the ones that know what is available like fabrics, tiles, crown molding (since he has a heavy hand in using that.etc.) Then they decribe them to him. He probably feels out what he can like fabrics.

He's got his new projects all planned out in fine detail by now. Teh lake is underconstruction. That project they showed the plans about 18 motnhs ago. And to think he's really gone is a laugh. He stepped down as King.
I'm sure he's cosulting with them off the property. Or in his villa while he's still living there.
Wynn is legally blind, not totally blind. He was diagnosed with retinitis pigmentosa in 1971 and became legally blind in 2010. It causes issues with night blindness and peripheral vision and rarely results in total blindness. He can see straight ahead of him and has no issue with with design selection based on sight.
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Old 02-21-2018, 10:44 AM
 
10 posts, read 8,122 times
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Quote:
Originally Posted by BBMW View Post
Because it's not a given at this point that the company will continue as an independent entity. The Wall Street types are already discussing who's likely to buy it. If the current management does decide to put it up for sale, the new buyers may not want it to be in the middle of a big, costly expansion project.
Company current value is around $20 billion of dollars. No one can write that check and the company is not for sale. Not only is the company stable, it’s strong!!!
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Old 02-21-2018, 10:53 AM
 
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I don't know. There was already speculation in Barrons. If the scandal causes a drop in revenue/earnings, the vultures will start circling.

Quote:
Originally Posted by zoooootie View Post
Company current value is around $20 billion of dollars. No one can write that check and the company is not for sale. Not only is the company stable, it’s strong!!!
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Old 02-21-2018, 11:33 AM
 
727 posts, read 1,057,244 times
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Quote:
Originally Posted by zoooootie View Post
Company current value is around $20 billion of dollars. No one can write that check and the company is not for sale. Not only is the company stable, it’s strong!!!
Not true. There have been much larger takeovers. Also, wouldn't be surprised if private equity bought it and sold it in pieces.
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Old 02-21-2018, 12:17 PM
 
9,885 posts, read 7,217,312 times
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Quote:
Originally Posted by zoooootie View Post
Company current value is around $20 billion of dollars. No one can write that check and the company is not for sale. Not only is the company stable, it’s strong!!!
As of today, it's market cap is $17.2 billion and besides nobody writes checks for those amounts. It's a combination of cash and loans. As a purchase/takeover, it wouldn't even rank in the top 30 in history.

The company may not be for sale but as a public company, the board of directors has a fiduciary responsibility to present any purchase offer to the shareholders.
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Old 02-21-2018, 02:28 PM
 
15,856 posts, read 14,483,585 times
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Wynn (the company) now has a huge branding problem. Selling to a new brand would solve it. Of course they can rebrand themselves.
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Old 02-21-2018, 02:39 PM
 
10 posts, read 8,122 times
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Quote:
Originally Posted by BBMW View Post
Wynn (the company) now has a huge branding problem. Selling to a new brand would solve it. Of course they can rebrand themselves.
No, they don't have a branding problem. You are wrong again. Wynn culture and Wynn business model is one of a kind in hospitality industry. No other operator would be able to operate the way current management that is trained by Mr. Wynn is operating and running this company. With Matt Maddox, Linda Chen, Maurice Wooden, Roger Thomas and other key players this company has nothing to worry about.

Wynn Brand is going nowhere. All 25,000 employees are WYNN Brand!!!!!!!
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