Wynn Resorts CEO sells approximately 19,235 units of company’s common stock

On February 8th, Wynn Resorts Ltd. CEO Craig Billings sold around 19,235 shares of the company’s common stock, netting him about US$2.08 million.

An average of US$108 per share was paid for the shares. Statements on this transaction were received by the ownership disclosure system of the Hong Kong Stock Exchange and the US Securities and Exchange Commission (SEC).

The parent company of Wynn Macau Ltd., a Hong Kong-incorporated business that owns Wynn Macau and Wynn Palace, two Macau casino resorts, is Wynn Resorts. In addition, Craig Billings is Wynn Macau Limited’s CEO.

As a result of this stock transaction, Craig Billings’s ownership in the parent company has decreased somewhat, from 0.33 percent to 0.31 percent.

Julie Cameron-Doe, the Chief Financial Officer of Wynn Resorts, together with Craig Billings, recently sold off a portion of the company’s equity. She sold 6,383 shares of the parent company on February 9 for $671,938, or an average price of $105.27 per share. She owns 0.08% of the company’s stock. Furthermore, Wynn Macau Ltd. lists Julie Cameron-Doe as a non-executive director in its August filing.

The share price of Wynn Resorts as of Thursday’s US market close was US$105.73.

Original story by: GGRAsia