Two Way Hard Three | Las Vegas Casino & Design Blog

November 7, 2006

What's Up With Wynn?

Posted by detroit1051

Excerpt from 11/7 Wall Street Journal:
"Meanwhile, a flurry of other merger and buyout activity also drove trading in the options market. The call options of luxury casino operator Wynn Resorts Ltd. traded heavily before its earnings results and in the wake of a $3.7 billion management-led buyout offer."

Conference Call announcement describes the call as "Limited." What does that mean?
http://biz.yahoo.com/cc/4/75124.html



Comments

Read archived comments (6 so far)
November 7, 2006 6:40 AM Posted by detroit1051

It sounds like the WSJ writer meant Four Seasons, not Wynn. I've emailed him. We'll probably see a correction soon.

November 7, 2006 6:59 AM Posted by detroit1051

The Dow Jones writer, Chris Scinta, emailed me. This is what he wrote, but the Journal omitted the reference to Four Seasons.
Not a story after all.


"The call options of luxury casino operator Wynn Resorts Ltd. traded heavily ahead of its earnings results and in the wake of a $3.7 billion management-led buyout offer for Four Seasons Hotels Inc. backed by Saudi Prince Alwaleed Bin Talal and Bill Gates' Cascade Investment LLC."

November 7, 2006 7:28 AM Posted by Brian Fey

Guys, don't scare me like that. I have no problem with Wynn buying anything he wants. But my heart can't take another Wynn buyout.

November 7, 2006 7:31 AM Posted by Brian Fey

Is Wynn Resorts Limited. The comma is just in the wrong place. It should read...

Wynn Resorts Limited, conference call. I'll be listening live!

November 7, 2006 10:54 AM Posted by Hunter

Wynn has their call today at 3pm PT I believe.

I'm going to try to be in the chat room while I listen to the call so anyone interested, feel free to join!

November 9, 2006 2:52 AM Posted by Bert

Well at least Steve Wynn is honest, he said he is going through his toughest learning curve in 40 years! I am sure Sheldon Adelson has had his share of learing with Sands Macau, but then again he is a full 2-years ahead of the Steve Wynn learning curve.

And at the same time Sands Macau is firing!

http://macaudailyblog.com/macau-gaming/sands-macau-are-firing/

Cheers,

Bert