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Steve Wynn

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  • LAS VEGAS— Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd.— the casino-hotel company she co-founded with ex-husband Steve Wynn— a development that ended a feud over the issue. Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members...

  • LAS VEGAS— Elaine Wynn said Thursday she has her ex-husband Steve Wynn's endorsement in her battle to remain on the board of the casino-hotel company they co-founded. Elaine Wynn cited statements the Wynn Resorts Ltd. CEO made on Charlie Rose's interview show this week that he didn't agree with the board's decision not to re-nominate her.

  • MACAU, March 31- Macau is drafting new construction safety rules, officials said, after several workers died this month at casino sites amid a building boom in the world's largest gambling hub. While the fatality numbers are relatively low, and lag the 16 deaths in industrial accidents in Hong Kong last year, they are relatively rare in Macau, the only place where...

  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • The Drexel collapse, 25 years later Friday, 13 Feb 2015 | 10:15 AM ET
    Michael Milken 1989

    Drexel Burnham Lambert, the investment bank famous for the high-yield or "junk" bonds it pioneered, filed for bankruptcy on Feb. 13, 1990.

  • In Macau, casino titans join China reform wagon Sunday, 8 Feb 2015 | 4:00 PM ET

    HONG KONG, Feb 9- Leading China's anti-corruption campaign, President Xi Jinping warned Macau last December that the world's biggest gambling hub needs to be about more than baccarat. "When you hear the central government and the Macau government urged operators to diversify the attractions of their facilities... they are preaching to the choir.

  • Macau drags Wynn Resorts 4Q earnings down Wednesday, 4 Feb 2015 | 10:56 AM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.

  • Jan 20- Casino operator Wynn Resorts Ltd has slashed Chief Executive Steve Wynn's salary to $2.5 million per year from $4 million, a regulatory filing showed. Wynn, 72, is worth $3.5 billion, according to Forbes magazine. He will also now have to pay to use the company jet for personal purposes, though the filing outlined a $250,000 credit per year that he will...

  • HONG KONG, Dec 18- As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry town. China extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes Investigation Bureau access to...

  • Xi's visit to Macau deals cold deck to VIP gamblers Wednesday, 17 Dec 2014 | 4:00 PM ET

    HONG KONG, Dec 18- As Chinese President Xi Jinping arrives in Macau this weekend for his first official visit in five years, the message from Beijing is clear: the world's biggest gambling centre cannot remain a one-industry town. China extended a crackdown on illicit money transfers into Macau, giving its Economic Crimes Investigation Bureau access to...

  • Dec 17- A U.S. judge has dismissed Steve Wynn's lawsuit accusing prominent short-seller Jim Chanos of slander over an alleged statement that the casino mogul violated a U.S. anti-bribery law. District Judge William Orrick in San Francisco ruled on Tuesday that Chanos was giving an opinion protected under the U.S. Chanos, founder of New York- based hedge fund...

  • Wynn investigated for possible laundering: DJ Thursday, 20 Nov 2014 | 3:41 PM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    Wynn Resorts is under investigation for potential money-laundering law violations, according to a new report from Dow Jones.

  • Steve Cohen just bought this $101 million sculpture Tuesday, 11 Nov 2014 | 10:47 AM ET
    A visitor looks at Chariot by Alberto Giacometti at Sotheby's auction house in London.

    Steve Cohen, whose firm SAC Capital settled criminal insider charges, bought a sculpture at auction last week for $101 million, according to people familiar with the transaction.

  • Nov 10- Continental Resources Chief Executive Officer Harold Hamm has been ordered to pay nearly $1 billion to his ex-wife in one of the largest-ever U.S. divorce judgments, according to a court filing on Monday. Although the award could make Sue Ann Hamm, 58, one of the 100 wealthiest women in the United States, according to Forbes' rankings, it is far smaller than...

  • Nov 10- An Oklahoma County judge has ordered and Continental Resources Chief Executive Officer Harold Hamm to pay nearly $1 billion in a divorce judgment, according to a court filing made public on Monday. In one of the highest value divorce judgments in U.S. history, Special Judge Howard Haralson found that oil magnate Hamm should pay his ex-wife Sue Ann Hamm a...

  • HONG KONG, Nov 4- October was the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October was also the fifth consecutive month of declines after two years of rapid growth which saw Macau surpass Las...

  • Vegas bets on Massachusetts   Monday, 3 Nov 2014 | 10:00 AM ET
    Vegas bets on Massachusetts

    Voters in Massachusetts decide Tuesday whether to repeal a law allowing casinos there, after companies like Wynn and MGM have already invested millions. Jane Wells takes a look at potential winners and losers.

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • HONG KONG, Nov 3- October is set to be the worst month on record for casino revenues in the world's biggest gambling hub Macau as China's pervasive war on corruption, combined with fewer tourists and slowing economic growth, dampen the appetite to wager. October would also be the fifth consecutive month of declines after two years of rapid growth which saw Macau...

  • Wynn says Icahn's Vegas bet to have 'unlikely outcome'

    Wynn Resorts Chairman and CEO Steve Wynn tells Jane Wells an in exclusive interview that as much of the Vegas strip which had been abandoned is finally being developed, Carl Icahn's Fountainbleau remains empty.