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Adelson Trying to take over Wynn? Rumor

Discussion in 'Casino Industry & Development' started by wanker751, Dec 30, 2015.

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  1. wanker751

    wanker751 Dutch Rudder Enthusiast

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    Downtown - Wanker Returns after baby!
    Wanker Returns After Baby
  2. pleepleus

    pleepleus 2016 - The monkey is back

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    Actually, natedogg is planning a hostile takeover of the Wynn. You heard it here first.
     
  3. tringlomane

    tringlomane STP Addicted Beer Snob

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    20X craps coming to the Wynn? :thumbsup:
     
  4. nostresshere

    nostresshere Mr. Anti Debit Card

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    'Guy is 82 and still kicking things around!
     
  5. petp13

    petp13 Low-Roller

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  6. Malibugolfer

    Malibugolfer High-Roller

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    Kirk Kerkorian was doing it later than that. Tennis in the AM every day even after hi 90th. Although Sheldon looks a lot older at 82 than Kirk did at 92.
     
  7. RC

    RC Low-Roller

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    Sheldon would probably try to take over the world if he thought that he could get away with it :peace:
     
  8. Malibugolfer

    Malibugolfer High-Roller

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    What billionaire wouldn't? By then it's not about the money per se'.
     
  9. mrstealth

    mrstealth High-Roller

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    This rumor has been floating around since July or August and if you do a google search you'll see multiple stories about it. Last week the rumor was re-ignited for some reason saying that Adelson was shopping around a $90/share buyout offer of Wynn. I'm not sure how much of the Company Steve Wynn actually owns and/or controls but that would be the first obstacle, the second would be a regulatory obstacle here in the US (Which I'm sure he could overcome) and in Macau where there may be more problems.

    I am sure Adelson & Sands is probably not the only one looking at Wynn either.
     
  10. leo21

    leo21 VIP Whale

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    Is the succession plan for Wynn clear if Steve retires or dies? For a minority shareholder, the idea of getting out now could be attractive even though it's ultimately up to Steve himself.
     
  11. Funkhouser

    Funkhouser In Charge of the Big Door

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    The Steve is not hanging it up. Running and building his resorts are his passion. He's not going anywhere unless he gets a fatal illness or get kicked out by his board. Neither likely at the moment.
     
  12. Chuck2009x

    Chuck2009x VIP Whale

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    Seems to me like Sands is already leveraged enough to China, don't know why he'd want to double down on that given the capriciousness of the Chinese gov't. Although I suppose with the restrictions in place that have been killing both LVS and moreso WYNN, the next possible move is to loosen them, not make them worse.

    The WYNN rumors are probably just a weird side effect of the newspaper purchase.
     
  13. chitownjohn

    chitownjohn High-Roller

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    Consolidation of Wynn & LVS makes sense for a lot of reasons but the ego's Wynn & Adelson will prevent that from ever happening.
     
  14. RPMCanes

    RPMCanes High-Roller

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    This. He just cleared a major hurdle in his Wynn Everett project and is going to go all out with that.
     
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