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mar
14

Wynn Shareholders were the Real Losers in Epic Casino Conflict

Tags: Steve Wynn, Wynn Resorts
Posted on Wednesday, March 14, 2018 by "T".
The six-year conflict between two casino giants ended with both men being forcibly shoved away from their lucrative careers and seemingly ousted by the very companies they built. There was a time that casino magnate Steve Wynn and Japanese pachinko king Kazuo Okada joined forces in order to rebuild Wynn's gambling empire, the Wynn Resorts. Their partnership bitterly ended when Okada was ousted fr[...]   Read more » Wynn Shareholders were the Real Losers in Epic Casino Conflict

  14-Mar-18, 15:22   #1
Wynn Shareholders were the Real Losers in Epic Casino Conflict 0 
CALICUL 
Joined: Jan '14
Location: Romania
Age: 39 (M)
Posts: 2480
the worst thing is to set up a company and after a while or few years his employees from the board of directors can exclude him from that group. I understand that they make the decisions there together but company is the property of the excluded men. Very bizarre. Anyway these people deserve to be punished for what they have done.

     
  15-Mar-18, 14:47   #2
  0 
godoy 
Joined: Jul '10
Location: Brazil
Age: 38 (M)
Posts: 359
This is a complex thing, because in my opinion it is that the company breeds the company can be excluded from it, but it is because of the fact that it has been explained in this world of love and did

     
  15-Mar-18, 17:08   #3
  0 
pajalnick 

Joined: Mar '11
Location: Russian Federation
Age: 46 (M)
Posts: 5058
of course it's terrible when you are the founder of the company and you are taken out of the board of directors .... but if you were proving bribes worth 20 million, then you yourself are to blame for this .... the more they are shareholders and have profit from their shares ... . interesting story

     
  15-Mar-18, 20:28   #4
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 33 (M)
Posts: 10089
well I don't see this as a particularly big problem when you are forced out of a company that you have founded, because for this to happen it must be a situation where you don't own a majority of shares, so at some point you made this move to sell the shares and you knew then that such situation can happen

     
  18-Mar-18, 19:15   #5
  0 
Tony_MON7ANA 

Joined: Mar '14
Location: Japan
Age: 44 (M)
Posts: 8141
Feeling groggy after heavy binge drinking at several strip clubs. I stumbled into the Parasol Lounge at Wynn Las Vegas. There were so many Chinese-speaking people on the gaming floor. They were everywhere. I thought Wynn and Encore were owned by Chinese people. Was it 2006? I don't remember when exactly.

     
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