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Non-Tech : Wynn Resorts
WYNN 182.42-1.2%5:20 PM EDTNews

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To: Glenn Petersen who wrote (15)2/20/2012 6:21:11 PM
From: Sr K1 Recommendation  Read Replies (1) of 49
 
Mavin's column belittles the Wall Street Journal.

The 10 years and the 2% interest rate come from ARTICLE VII COMPLIANCE WITH GAMING LAWS (j) of the Articles of Incorporation (page 7) filed with the S-1 in 2002. It was not arbitrarily picked yesterday.

But the timing, just after the ex-dividend date for $.50, saves Wynn Resorts Limited ~50¢ a share on the whole Okada position.

Overlooked so far is that Wynn Resorts has to pay Okada's legal fees in defending his ouster. It's in the Articles of Incorporation.
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