Wynn Quits His Company

Traders have a confidence to Win Resorts and appointed the highest executive, Matthew Maddx, as the general manager instead of Steve's personal position by Win (left). Later, when the company's promotion dropped by $ 3 billion, he recovered last weekend while the news of Win resignation was flowing while alleged sexual harassment.

Win Resorts Investors is the company's highest executive (CEO), one of the longest chapters, Matthew Madox, who has lost his legs, Steve Win (Who). ) Instead, he accepted the post of the CEO (CEO) smoothly.

The company's stock price (NASDAQ: Wynn) was more than 9 % after a certain period of time, the Board of Directors gave this place to Madox last Tuesday.

Analyst CFRA TUNAMORS has approved the monitoring of 'buying' by promotion, but as I actually said, the departure of the "distant 'Win may forget the essential blank", then he later. Destroy the canopy that led to the company's market price of $ 3 billion, 10 people secretly paid $ 7 to $ 5 million as "money for silence", Win Las Vegas in front of them. As a nail polish, a magnet casino told me in the Wall Street Journal's 2 6-January notebook about the victims.

Win Ottorg Prosecutor's prosecutor's "irrational", former wife Elaine Win, accused of former Win Director, who and he are the first to be owned by Toliki in the post-edition court law. 。

In the end, the case, however, is a wider gambling resort outstanding manufacturer, a sophisticated Las Vegas pioneer, or a company established in Nebada, in his home country in Nevada. In Macau, Macaozetz, Macau, who receives 60 %, invent a resort for $ 2 billion songs a year on the right, danger of coming to the head of suspicion.

"I've been in the center of an unwanted advertising avalanche in recent months. "I came to the conclusion that I couldn't actually work in my position."

Prior to this, he resigned as the Finance Chair of the Republican State Committee.

His departure is to delete the pressure from the Board of Directors, who has the ability to take responsibility in the early litigatio n-in the case of the liabilit y-the individual chapters have been found last week. They did not do anything about Win's sexy misconduct.

According to the nail polish textbook, she was frankly told the boss given to her magazine that she had submitted a "detailed" written report to a hotel employee in her own line. I mentioned. According to her text, there was no further action.

The amount of $ 7. 5 million she received is a special interest. According to Jonar L, according to the information provider who is interviewing Win vs. Win's trial, this fund was executed through a limited liability company, with the support of Win's outside lawyer, and the pity of Win Resorts. Was stored. According to a lawyer represented by the interests of King Gambling in this lawsuit, the funds were paid from the Win pocket.

Massachusetts' confusion

According to GGB News, Massachusetts regulatory authorities have the right to cancel the company's consent if he determines that Win is not actually considered an "appropriate" business. 。 The contract itself is not an issue, but the trivial attempt to hide it became the "important element" of their tests.

Karen Wells, a graduate school committee in the state gambling, led by Karen Wells, who has not actually opened information on Win and the company that won the committee that issued Win's consent in September 2014. That is.

This question could affect the Board of Directors, and as a top executive, these Madox, Kim-Sinatra, and key lawyer Win-resort. Their Massachusetts' Board of Directors, in fact, did not know anything about either big deal, or because of the order to receive all licenses, he as the company's' process'. You do not need to talk about it.

Of the highly likely results of UINN's dismissal, the most likely chertovsk y-gambling scene is actually thousands of workers in a deadlock, for $ 2 or 4 billion prices. It is most likely that he has the opportunity to forget Win Boston Harbor.

Investigators at the Igora Committee of Massachusetts have been forced to review the resolution of 15 years ago, when Win has permitted the most important personal plan in Bay. It covers 4. 000 builders, which will later hire a 4. 00 0-fixing discovery in Megalopolis and Everett, located near the mysterious river from Boston.

Michael Capuano, a Boston Herald's Radio's Orthodox US, has suggested that Win's withdrawal means.

"If they respond to permission, this is a big problem, and they have to settle, what they actually do with hal f-built houses, and what they actually work there. He said, "he said. "I also take into account that this is the time to accept the conclusion.

He actually entered the constituency in the constituency, saying, "While the regulatory authorities decide what to do, he owns an empty real estate in the constituency. I added that I have the ability.

Despite the departure of Win, the construction of Win Boston Harbor is still on schedule and needs to be exposed for about 18 months.

The committee chairman Steven Crosby worked hard to prove the fact that their work space was still safe.

"Everyone who is working in Evarettes is absorbed in his work and feels that he has a perfect experience. This is not the first suspicion of a casino. "For example, or other methods, this problem is solved. It is not allowed to predict what the result is, but for now they have to calmly be involved in their problems."

But he added: "It's a dangerous time to determine if the best practicy advice is acceptable and whether he has made a promise as a trustee."

In order to solve the 7. 5 million dollar conflict that Win did not show when Win participated in the license in 2013, in his report, Mr. Edward Bedrocian of the committee. He said he was conducting an aggressive investigation. In fact, Bedrocian states that he was still curious to find out what impacts in the past, and General Manager would continue his company.

"We will begin to observe how the Board of Directors, including the Board of Directors, will be calm to the allegations." Mr. Wells mentioned that the casino-manufacturer did not disclose information about reconciliation before receiving a license in September 2014, "It was a private contract, and measures were taken so that it would not be public." Was stated. She, in effect, in urgently calling for a "thorough investigation".

Win Resorts argues that this information was not demanded during the order. "It was a unique arrangement and was not considered the process of the process."

A limite d-time casino developer Mojigan Sang, a loser of Win Resorts, is calling for the withdrawal of permission.

Last week, Mohegan Sun lawyer rely on SUFFOLKA, Supreme Court, hoping to cancel Wynn's consent. This was a final operation in the process in which the tribe had permission since Wynn. The tribes argue that the committee is actually unreasonably informed of wins, and in fact, the deck was composed from the beginning. The petition states, "The entire process of issuing the license is contaminated by prejudice against Wynn, and as a result, the jury is obliged to cancel the entire process and request MGC to resume."

The defendant's license committee, who was treated in this lawsuit, opposed the hearing off. "The fact that the license committee's conclusion was" Wynn "is a failure," said the committee.

A petition submitted by Mohegians also states that the committee has suspended the SPECTRUM GAMING, a company with Win's hope for Win Resorts and Compatibility Testing.

The 3CAS resort is prescribed, and the interior of the slot machine once has been essentially a Licensians, "The MGM is essentially a license, and the Licensians is essentially Licensians. It was every day to maintain economic stability. "

The spectrum gaming was assigned-incident, who later claimed that Windy Fender was actually interested and sending a desire for sending spectrums and electric messages. The spectrum also played an important role in the drafting of a Saess Entertainment, which was forced to withdraw the license application in Massachusetts.

But the committee argued that I missed the spectrum not because Win actually demanded, but the fact that the spectrum used to work for Win. Later, the committee asked Michael & Amplifier & Carroll Law Office for a test.

Doctors at the Texas Research Institute, Clyde-Barou, often consult with fresh British gambling tasks, and Boston Herald's printed publications are actually $ 70 million in litigation. He said that he had the option to apply settlement with the amount of money.

"I think I have the ability to ultimately play my own role." I think it will be applied as an example that thorough investigations cannot be conducted. "

The number of $ 7. 5 million was known for the first time because Win's e x-wife Elaine was mentioned in a lawsuit calling for restrictions on the sale of Win shares. Obviously, the mention has forced the reporters to deepen. Win filed a lawsuit from personal funds, not the company's funds.

Win Boston Harbor was never easy. When the company acquired a license, it was subject to several conflicts, such as a prolonged battle with the mayor of Boston and a lawsuit with Mojigansan, who did not recognize the legal bidding.

By 2020, the first year of Mega Casino operates, the company expects $ 252 million games each year. In the future, this will be about 9 % of the company's worldwide assets. The project has already spent $ 130 billion.

If the project fails, Bay may also suffer financially. According to predictions, the state will receive $ 150 million from Win in 2020.

This is almost an unknown area. No one knows what will happen if Win gets a casino license and leaves an unfinished casino.

Last week, Governor of Massachusetts, Charlie Baker, said on the Boston Radio Broadcasting of the suspicion of a magnet casino, "it's a terrible, disgraced thing." If this suspicion is true, Magnatt Casino will not meet the state of the state's "qualification". "Suspicion is serious and should be taken seriously," he said.

Many politicians have returned their donations, centered on Republican Republican members donated by Win. The Wall Street Journal has reported that the Republican Governor's Association will return $ 100. 000 from Win and cancel the meeting to be held in Win Las Vegas next year. RGA has donated $ 2. 2 million to the Baker r e-election campaign.

Cat control

Meanwhile, analyst J. P. Morgan D. S. Kim believes that Win's resignation will remain "surprisingly limited", but he does not have the risk of the company. He has confirmed that Win Macau, which is trading in Hong Kong, is "buying" with a 3 1-Hong Kong dollar, which is 24 % higher than last week's presentation.

Amomes showed this opinion. "Over the time, we are looking for Trader concerns to return to Macau/ China's healthy fundamental index, which receives the major share of their sales currency flow."

They generally conclude that UBS analysts do not harm other shareholders in the unlikely event that the regulatory authorities have the opinion that Win is not directly suitable for acquiring gambling licenses. You will find. In the Win Charter, the promotion managed by the universally accepted person may be purchased by the company at a price that is not higher than the cost of closing the market one day before the purchase notice. There is a state of all possible paid.

There is no doubt that Win brand, which has a large sign on each resort, has helped Magnata casino to acquire Macau's gaming concession in 2002. Currently, Win Resorts operates two casino resorts in the world's No. 1 gambling hub. Win Macau, which opened in 2006, and Win Palace, opened in the Kotai area in August 2016.

He was a great success in this jurisdiction area. According to UBS experts, Win Macau claims that it accounts for 17 % of the market, but contains only 10 % of the game table. Later, with the opening of Win Palace, the company gained $ 683 million operating income in Macau in 2017, but it actually exceeded $ 285. 7 million in 2016. Review reports.

However, for the past two years, Macau's "Big 6" Gaming Concessionia-Win, MGM, Sands China, SJM Holdings, Galaxy, and Melco have exposed the license exposure, and this process will last until 2022. On January 22, a few days before the Wall Street Journal announced the first report on the accusation, Win seemed to have no doubt.

"There was a reason for our company to continue and believe that it would expire from the first interests," he said.

Perhaps this is not all. Credit Swiss experts hesitate that the misfortune surrounding Wienna is actually influenced by his Asian business. "The gambling concession was provided by the Macau government to Win Resorts Macau, not directly provided to Steve Win. Credit Switzerland, Kenneth Fang and Rock Can Chang. "As a result, his departure does not affect gambling licenses." "It would be ridiculous if the Macau government had granted permission from the first action," said Review magazine in Hong Kong.

Analyst JP Morgan D. S. Kim said that Win's withdrawal was "effectively eliminating risks that are likely to be related to gambling license acquisition in Macau. Explains that it does not include a direct fraction of.

"We don't want to reduce the importance of the group's strategic conclusions and vision, but we are looking for a limited impact on Win Macau's basic characteristics," Kim wrote. "For example, Win Macau (for example, Win Resorts) does not like mice and business events, so we do not believe that it will adversely affect the support, and similar reputation is affected by gaming lovers. It is hard to imagine it. "

However, Jefferies's David Katz and HOA NGO said, "Win's value is unconditionally high for the company. As a result, the company developed on a route as before. I don't think it can protect an advanced position.

Sanford Bernstein-team wrote, "Some traders will be concerned about hanging Win Resorts (12 % of stocks) and Erain Win (9 %) Steve Win Steve." Ta. Whether Win Resorts can clearly clear all hardships autonomously without Steve Win's control, or whether the company has the ability to be acquired without any doubt, the surrounding speculation is growing in this way. do. However, in real time, it is not possible to discuss options that are likely to form an event.

Furthermore, in view of Win Resorts's scandal, it is probably difficult to obtain the permission of the buil t-in resort in a country that legally legalized in a casino in December 2016, which has continued to develop its own customization structure.

Configuration in leadership

Van Waysen, a board member of Win Resorts and a board member of Mirage Resorts, is a par t-time chairman. Alan Zeman, an entrepreneur of Hong Kong, a director of Win Macau, will be a par t-time chairman of Win Macau. Win Las Vegas President Maurice Wadden has been appointed director of Win Macau.

Wason called Win "huge industry".

Win said to help his successor Matt Madox. "Win Resorts is left to Matt's reliable hand." He and his team have all the skills to achieve the intentions and visions I created. "

Before arriving at Win, Madox worked for Bank of America and Caesters Entertainment. According to MASSLIVE. com, Madox joined Win Resorts in 2002 as a vice president and finance charge for investors, contributing to the development of Macau's Win.

According to the 2013 Istor Committee's report, "Madox was similar to" A "with great labor ethics. His nicers say that he has gained property in a win organization with stubborn labor and selfless spirit. The nominations believe that he is a reasonable person with peace of mind, unmistakable honesty and sensible.

Securities firm Sanford C. Bernstein gave Madox a highest evaluation. "Madox is familiar with Macau and is often in charge of the district branch. Apart from that, he is one of Steve Win's closest branch, his vision and a friend. There is a high possibility that we will try to save our worries about working.

But "Steve Win's successor is not easy. There will be some separate companies, including Madox, including Win, but it will solve time.

Madox is still 42 years old, but his job at Win Resorts has been 15 years since the company's cause phase, after Macau Goros's highest executive officer, and after the 2013 parent company's Chief Executive Officer. I followed.

He was from Arkansaw, studied money at Southern Methodist University and worked as an investment bank player until he reached Park Place Entertainment.

His work contracted last year was a limited $ 33 million dollar for $ 33 million, based on the annual basic salary of $ 15 million and the last $ 163. 22 transaction. Predict the transfer.

"There is no agent in this business as much as Maddx. He understands every corner of Win Resorts," said Wall Street analyst, who acted as anonymous standard.

Former Win's former employee said that Madox and the company's important lawyer, Sinatra, believe that he is the closest person to Win leader.

However, allegations for the billionaire's address continue to resonate in other rooms.

In fact, the University of Pennsylvania has announced that it will delete its name from a donation of $ 7. 5 million and postpone the honorary degree awarded in 2006. This is the first case on the eyelids that secondary educational institutions have lost similar degrees. Last time, in 1918, the degree of U. S. Ambassador Johan Henry Field (then) was deprived of the U. S. Ambassador to the German Emperor Vilhelm II and Berntrof.

Pen also deleted Win's name from the scholarship fund, thanks to the $ 2 million donation he arranged in 2008.

"Pennsylvania University's Amy Goodman President Amy Goodman and President David L. Cohen said," The model of the nature, significance, scale, and aggressive behavior of these claims in contact with staff and student community. It is associated with actions and actions that contrary to the basic values ​​of. "

UNNN is a graduate of the Waltoscoy School of the Business and a former college Council.

Last week, the University of Iowa announced that Steven A. Win would erase his university's name for his vision-research.

"It doesn't match the values ​​of the university to leave the name of Win in our program and building," said Bruce Harelldo.

The institute promised that Win, who had a degenerative eye disease, would donate $ 25 million for treatment research on hereditary blindness. It is said that $ 20 million has been donated to date.

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