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The Hatfield and McCoys routine goes on between Steve Wynn and long-ago friend Kazuo Ozada with...

The Hatfield and McCoys routine goes on between Steve Wynn and long-ago friend Kazuo Ozada with Ozada suing Wynn Resorts (WYNN +0.5%) and the exec personally in Japan for defamation. The back-and-forth legal wrangling between the two sides has gone on for more than six months with no end in sight. The bigger issue: To what degree will Ozada's new casinos in Manila pull away gamblers from Macau?
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Comments (2)
  • Hillbilly Stock Star
    , contributor
    Comments (745) | Send Message
     
    WYNN......Stevie's got homeboys in Japan too! Lightly Long.
    28 Aug 2012, 02:42 PM Reply Like
  • Ralph Petrillo
    , contributor
    Comments (337) | Send Message
     
    There were so many bears that were shorting Wynn at 92 to 95, that with MAcao picking up, and Vegas starting to show signs of life determined by airline flights to Vegas increasing , it is clear that the bears are about to be routed again . I told everyone to buy calls when WYNN was at 95 , and I am still suggesting it. i value Wynn at $122 a share, and if WYNN offers a one time dividend , ti could soar. There are also rumors that someone is buying shares to make a takeover attempt for Wynn now that it is at a discount. This happened to WYNn before as his prior casino's were taken over in Vegas. He has borrowed funds to expand in Macau, and there is notice that the stock has fallen and every time it falls by $1.00 purchasing is going on and the stock recovers. , suggesting someone is buying on the side. His ex wife is trying to sell her 10%
    interest. A quick buyer could pick up her 10% and an additional 15%, owning 25% of the company at a reduced price. Wynn would be furious but that is the life in the stock market.
    28 Aug 2012, 03:08 PM Reply Like
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