How Steve Wynn Wrestled Back Control of Wynn Resorts
When MGM Resorts acquired Mirage from Steve Wynn in 2000 during a hostile takeover, he lost control of the Las Vegas gaming giant he had spent over a decade building. It wouldn't be long after that before Wynn Resorts (NASDAQ: WYNN) was constructing Wynn Las Vegas and Wynn Macau.
Perhaps the biggest move Steve Wynn made in the past decade was to kick his former partner out of the company and redeem his shares on the cheap. The move not only gave Wynn more control of the company, but will ultimately be a massive buyback of shares at an extremely attractive price.
Image source: Getty Images.
Source: Fool.com
Wynn Resorts Ltd Stock
€87.07
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With 20 Buy predictions and not the single Sell prediction the community is currently very high on Wynn Resorts Ltd.
As a result the target price of 116 € shows a positive potential of 33.23% compared to the current price of 87.07 € for Wynn Resorts Ltd.
