Kerkorian then created MGM Mirage and Wynn went on to create Wynn Resorts with his ex-wife in 2002. Shares in Wynn Macau have slumped around 17 percent before they were put on a trading halt on Wednesday. Wynn owns about 11.8 percent of Wynn Resorts followed by his former wife who has 9.4 percent. Wynn Resorts, which uses the founder’s signature in the company’s logo, said its board “reluctantly” accepted the resignation. Either Wynn Resorts or its businesses could become M&A targets that would attract a plethora of suitors, analysts said.

Source: bd News24 February 08, 2018 03:11 UTC