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Heard on Wynn Resorts' (WYNN +6.5%) earnings call: 1) Steve Wynn says numbers in Las Vegas were...

  • Thursday, October 25, 2012, 11:37 AM ET
    Heard on Wynn Resorts' (WYNN +6.5%) earnings call: 1) Steve Wynn says numbers in Las Vegas were "satisfactory" while the company's YTD pace is dead-even in China compared to last year. 2) The special dividend is getting pulled from U.S. cash and won't limit Macau growth plans. 3) Wynn on why the company won't get sucked into a pricing war to keep market share: "It's a marathon, not a sprint." (transcript)
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This news story has 3 comments:

  •  
    The reason why Wynn increased his dividend is that he probably feels that President Obama will ultimately get re-elected and taxes will rise, so he is rewarding shareholders.

    The next stock to jump will be LVS. Probably test 50.
    25 Oct 2012, 11:44 AM Reply Like
  •  
    Ralph; actually Steve Wynn has stated that Obama is a "wet blanket" on the market.
    25 Oct 2012, 02:20 PM Reply Like
  •  
    I am a longtime vestor in Wynn and LVS stock. Its time for LVS to emmulate Wynn and reward the stockholders instead of pouring all of this funny money into the waste land of Washington politics.
    25 Oct 2012, 10:04 PM Reply Like
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