Steve Wynn tries to save his resorts
After a 2015 of bad news, the mogul was encouraged to state his political beliefs, calling Bernie Sanders a “moron” and Donald Trump a “friend.”
US.- Among January 20 and 22, Steve Wynn -founder of Wynn Resorts- has bought US$31.8 million worth of his own company shares. The corporation is facing troubles since Macau’s casino deflation has cost a 27 percent of revenue losses and a decline in the value of its stock price.
The latest acquisition is added to the US$63.8 million that he spent in December to buy more than 1 million shares of the corporation’s stock, according to the Securities and Exchange Commission filing. The transaction made last week was paid in eight separate parts of US$53.21 to US$59.19 for each of the 522,850 shares.
Steve is also Wynn’s largest shareholder as he owns more than 11.74 million shares (11.6 percent of its stock) of the casino company that operates in Las Vegas, USA, and Macau, China.
