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Steve Wynn is now free to sell his stake in the massive casino business he founded.Wynn Resorts said in a filing on Thursday that Wynn, its former chief executive, and his ex-wife Elaine Wynn, have dissolved an agreement that prevented them from selling their shares.Wynn stepped down as CEO last month after allegations of sexual misconduct piled pressure on the billionaire casino mogul and sent the company's stock tumbling.The company, which operates casinos in Las Vegas and Macau, said in its filing that Steve Wynn may now "seek to sell all or a portion" of the roughly 12 million shares that he owns. Elaine Wynn owns another 10 million shares, giving them a combined 21% stake.Wynn, 76, has denied the accusations of misconduct, which gained widespread attention in late January after an investigative report by The Wall Street Journal detailed numerous allegations against him, citing dozens of sources.Shares in the company were trading above 0 in January, but dropped sharply after the allegations were made public. They have since recovered some lost ground to trade at 6.Wynn Resorts said in a separate filing in February that Wynn would not be allowed to sell more than a third of his stake in any one quarter. That restriction was not mentioned in the documents filed Thursday.Wynn is credited with transforming Las Vegas casinos from gambling dens into entertainment hubs where guests could also watch spectacular shows and eat in high-end restaurants.The Mirage, Wynn's first major casino on the Vegas Strip, opened in 1989. He then opened Treasure Island in 1993, and the Bellagio in 1998.In 2006, he opened his first casino in Macau, where gambling revenues now dwarf those of Las Vegas. An even bigger one, Wynn Palace, followed 10 years later.The-CNN-Wire 1791
TAMPA, Fla. – A Tampa boy received a big surprise from his hero for his third birthday.City of Tampa worker Leroy Lentz says each morning he goes out to collect waste, Marlon waits for him to greet him with excitement.The two have become good friends and for Leroy, their chats and waves never fail to brighten his day.To show appreciation for Marlon, Leroy and Tampa’s Management Department teamed up to bring a socially-distant party over to the little boy’s neighborhood. On Tuesday, the community held a birthday parade to celebrate Marlon, and Leroy was able to surprise the little boy with cake and a toy garbage truck.“The Department really appreciates those customers who take time to say hello and thank you. Recognizing the impact these essential workers have in our community is so appreciated,” Mayor Jane Castor’s office said in a statement. “We are thrilled to give Marlon a birthday to remember.”Below is the video of the festivities: This story originally reported by KJ Hiramoto on abcactionnews.com. 1029
Starting Friday, you'll be able to actually have breakfast at Tiffany.The luxury jeweler is opening its first-ever restaurant, The Blue Box Café, at its flagship Fifth Avenue store in New York City on Friday.The cafe is located on Tiffany's newly-renovated fourth floor, which was unveiled to the public on Wednesday."Both the café and redesign of the Home & Accessories floor reflect a modern luxury experience," said Reed Krakoff, Tiffany's chief artistic officer, in a statement. "The space is experimental and experiential -- a window into the new Tiffany."The café is decked out Tiffany's signature eggshell blue. Patrons will be able to order -- what else -- Breakfast at Tiffany, named for the Truman Capote novel turned Audrey Hepburn movie. The meal includes tea or coffee, a croissant with Nutella, honey butter and winter fruit preserves, seasonal fruit and berries, and a choice of smoked salmon & bagel stack, truffle eggs, buttermilk waffle or vegan avocado toast. Holly Golightly couldn't ask for more.Lunch, which includes a starter and a main course like the Fifty-Seventh Street Flatbread or the Fifth Avenue Salad, costs . And Tiffany Tea, a selection of teas plus finger sandwiches and sweets, comes to .The offerings are seasonal and subject to change.In a recent report, RBC Capital Markets mentioned that investors have two areas of concern when it comes to Tiffany's performance: Appeal to Millennial customers and foot traffic in stores. That might help explain the avocado toast. 1536
Starting today, Walmart employees across the country will receive bonuses up to ,000. A press release states that employees could get a one-time bonus of up to ,000 and a fourth-quarter bonus based on their store's sales performance. Walmart has also expanded its paid leave policy, offering full-time hourly employees 10 weeks of paid maternity leave and six weeks of paid parental leave. 417
Target says they are kicking off the holiday season early this year by bringing back its 2-day sales event "Deal Days."The sales event is scheduled for Oct. 13 and 14, with more than double the deals than last year, the company announced.“This year, in a holiday season unlike any other, we know it’s more important than ever for our guests to get great deals in a convenient and safe shopping environment,” said Christina Hennington, executive vice president, and chief merchandising officer, Target, in the press release. “By kicking off our holiday deals earlier than ever, offering Black Friday pricing throughout the full month of November and extending our Price Match Guarantee, we’re letting guests know they don’t need to wait or face the crowds to get the best deals, all with no membership fees required.”Their event will be done alongside Amazon’s Prime Day, CNN reported.Target also added that they’d be offering Black Friday deals throughout the entire month of November for the first time.Last week, the company said they would be doubling its staff who will be solely responsible for contactless shopping options, like its “Drive Up” service.Target said they expect to hire the same amount of seasonal workers this year as they did in 2019, which was more than 130,000. 1293