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RUMOR: Wynn Going Private (i.e. no longer publicly traded)

Discussion in 'Casino Industry & Development' started by spdandpwr, Aug 15, 2019.

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  1. sinnerman

    sinnerman VIP Whale

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    No idea, it really depends on the who is taking over under what circumstances. My fear would be a LBO (leveraged buyout) where the buyer loads up Wynn resorts with debt. That can lead to a bankruptcy, like CET and toys-r-us, which could be bad for customers. One the other hand, an aggressive buyer might expand comps and court more players which might be good for customers.

    Net: Too early to tell
     
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  2. spdandpwr

    spdandpwr VIP Whale

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    PE who's willing to finance their existing debt, horde dividend, and cut board of directors will be able to realize profit quickly. Wynn is swimming in debt that keeps puts their balance sheet in a precarious spot. Fix that and make some decisions that Wall Street would otherwise hate and you can come out much more valuable to WS.
     
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