Wynn Resorts Ltd. confirmed Tuesday that it was in discussions with Crown Resorts Ltd. regarding a potential buyout of the Australia-based gaming giant. Wynn's statement comes after Crown said overnight the companies were in "confidential discussion" about a potential deal, with reports saying Wynn made a bid worth about 10 billion Australian dollars, or the equivalent of roughly $7.1 billion. Crown's stock soared 20% in overseas trading, while Wynn shares slipped 0.6% in light premarket trade. Wynn said in a filing with the SEC Tuesday that there is "no assurance that these discussions will result in a transaction," and that it does not intend to comment further. Wynn's stock has soared 46.5% year to date through Monday, compared with a 15.5% gain for the S&P 500 .
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Australia's Crown Resorts gets $7.1 billion takeover approach from Wynn ResortsAustralia's Crown Resorts said on Tuesday it was in talks with Las Vegas ri...
Weiterlesen »
Wynn Resorts Bids $7.1 Billion for Australia’s Crown ResortsWynn Resorts of Las Vegas offered to buy Australia’s Crown Resorts for about $7.1 billion, in the latest sign that global gambling companies are looking to get bigger as they battle with online gaming.
Weiterlesen »
Wynn Resorts executives concealed sexual misconduct accusations against Steve Wynn, gaming regulators sayFormer executives at Wynn Resorts covered up years of sexual misconduct allegations against billionaire casino mogul Steve Wynn, according to a report by the Massachusetts Gaming Commission
Weiterlesen »
Wynn Resorts Executives Tried to Hide Misconduct Allegations Against Steve Wynn, Regulators SayWynn Resorts executives and outside counsel were part of a coverup to protect founder Steve Wynn from sexual misconduct allegations, according to an investigation completed by Massachusetts regulators.
Weiterlesen »
Massachusetts says Wynn Resorts executives concealed sexual misconduct accusations involving Steve WynnMassachusetts gaming regulators on Tuesday released an investigative report conc...
Weiterlesen »
Wynn Resorts tried to hide misconduct allegations against Steve Wynn, regulators sayWynn Resorts Ltd. executives and outside counsel were part of a coverup to protect founder Steve Wynn from allegations by employees that he had engaged in sexual misconduct against them, according to an investigation completed by Massachusetts regulators that blasted corporate failures as “significant, repetitive and reflective of the company’s historical governance practices.”
Weiterlesen »
Wynn Resorts hid knowledge of sexual misconduct claims, Massachusetts regulators sayThe Massachusetts Gaming Commission released a report Tuesday detailing how Wynn Resorts handled accusations of rape and sexual misconduct against founder and former CEO Steve Wynn, and said the company hid these allegations from regulators.
Weiterlesen »
Stocks making the biggest moves premarket: Boeing, Disney, Wynn Resorts, Altria, Zogenix & moreSome of the names on the move ahead of the open.
Weiterlesen »
Factbox: Synergies and opportunities in Wynn's $7.1 billion buyout play for CrownLas Vegas's Wynn Resorts has made a $7.1 billion takeover offer for Austral...
Weiterlesen »