This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Wynn to Vote on Removal of Director Okada

NEW YORK ( TheStreet) -- Casino hotel company Wynn Resorts (WYNN - Get Report) filed with the Securities and Exchange Commission that it's holding a special shareholder meeting to discuss the potential removal of one of its directors, Kazuo Okada.

The board said on Feb. 18 that Okada was considered an "unsuitable person" according to the company's articles of incorporation. Okada has been accused of making inappropriate payments to regulators in the Philippines.

Wynn subsidiary Wynn Macau Limited voted on Feb. 24 to remove Okada from its board.

Shares of Wynn Resorts rose 2.47% to $122.33 in early trading Wednesday.

TheStreet Ratings gives Wynn Resorts an A- grade with a buy rating and $145.45 price target.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to:

>To follow the writer on Twitter, go to Alexandra Zendrian.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WYNN $67.18 3.50%
AAPL $111.68 0.81%
FB $92.90 -1.20%
GOOG $640.61 -0.13%
TSLA $237.89 -3.40%


Chart of I:DJI
DOW 16,821.12 +44.69 0.27%
S&P 500 1,977.22 -9.83 -0.49%
NASDAQ 4,729.9730 -51.2910 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs