{"id":39941,"date":"2024-04-22T02:13:10","date_gmt":"2024-04-22T09:13:10","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=39941"},"modified":"2024-04-22T19:39:29","modified_gmt":"2024-04-23T02:39:29","slug":"rumor-blackstone-to-acquire-elaine-wynns-stake-in-wynn-resorts","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/rumor-blackstone-to-acquire-elaine-wynns-stake-in-wynn-resorts\/","title":{"rendered":"Rumor: Blackstone to Acquire Elaine Wynn’s Stake in Wynn Resorts"},"content":{"rendered":"\n

Opening paragraphs are usually packed with critical information, conveyed in a clear and concise manner, about news that could impact people. This isn’t that. Here, we’re asking a simple question: How boring would Las Vegas be without us?<\/p>\n

This paragraph isn’t any better. Sorry, financial guys in New York. It’s not always about you.<\/p>\n

This paragraph’s a little more like traditional journalism, despite our best efforts: A source who wishes to remain anonymous claims Blackstone is buying the stocks of the biggest individual shareholder of Wynn Resorts, Elaine Wynn. That’s a 9% stake. Translation: That’s a metric hell-ton of money.<\/p>\n

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A little on the nose this time, A.I.<\/figcaption><\/figure>\n

We reached out to Wynn Resorts about this rumor, but there has been no response. We take that as a confirmation, but nothing has been officially announced. It’s a public company, they can’t confirm anything to a blogger. There will be freak-outs.<\/p>\n

So, what would it mean if Blackstone acquires Elaine Wynn’s stake in Wynn Resorts? We don’t know. We do scoop, then other people do the boring part like filling in the blanks and doing math, our least favorite part of any story.<\/p>\n

We just like sharing things we hear, sometimes in the form of rhetorical questions we can later point to in order to embarrass the Las Vegas Review-Journal if a rumor comes to fruition.<\/p>\n

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Rhetorical question of the day, probably: What would happen if Blackstone bought Elaine Wynn's stake in Wynn Resorts?<\/p>\n

— Vital Vegas (@VitalVegas) April 21, 2024<\/a><\/p><\/blockquote>\n