Rebirth I can see the success rate

On the seventh trading day when the shares of Wynn Group were attacked.

Before the opening of the stock market, the board of directors of Wynn Group, which was believed to have completely abandoned its stock price, suddenly issued a major announcement, and Stephen Wynn, the group's executive president and chairman of the board, announced his resignation.

The board of directors accepted Stephen's resignation and has elected the new chairman Kazuo Okada.

The group’s new chairman of the board of directors, Kazuo Okada, said in a statement that all the board of directors felt heavy on the resignation of the group’s founder Stephen.

In his statement, he described Stephen as an industry giant, a philanthropist, and a great dreamer!He played a key role in the transformation of Las Vegas into the entertainment capital.

Although the statement did not mention the reason for Stephen's resignation, it is generally believed that Stephen's resignation should be related to the recent plunge in the stock price of Wynn Group.

However, just when the outside world hadn't recovered from Stephen's resignation, Wynn Group immediately threw out another heavy news.

Wynn Resort Group will change its name from now on, and the original group name will be changed to Resort Tourism Group!

The change from Wynn Resort Group to Resort Tourism Group, the removal of the name of the Wynn family from the name, is easy to think of.

At the same time, the announcement also mentioned a change in the shareholder list.

The former major shareholder Stephen Wynn has lost all group shares under his name and was removed from the shareholder list!

On the board of directors, there are two more new members, Sands Group Chairman Sheldon, and MGM Group’s Jr. Kirkrian!

If Stephen Wynn’s withdrawal from the resort travel group can be seen from the change of the group’s name, the entry of the other two gambling giants into the resort travel group is undoubtedly a bolt from the blue for the outside world.

After all, no one thought that Sands Group and MGM Group, which were supposed to be competitors of Wynn Group, would suddenly enter the board of directors of the group!

Affected by this heavy news, as soon as the market opened in the morning, the stock price of the former Wynn Group and the current resort travel group began a long sideways movement. The entire market is watching the follow-up movement of the resort travel group.

They really want to know how the shares of Sands Group and MGM Group will affect the gambling giant, which was originally one of the Big Three.

At this time, the newly renamed Resort Tourism Group held a grand press conference.

The press conference was held at the former Wynn Hotel and the current resort hotel. In the previous group announcement, the name of this hotel will also be changed.

The new chairman of the resort group, Kazuo Okada, announced aggressively at the press conference: "Everyone, I bring you three good news."

"First of all, the Resort Tourism Group has ushered in two new shareholders! They have promised to invest one billion US dollars into the group as construction funds!"

"Secondly, Wynn Tai O, a subsidiary of Resort Tourism Group in Tai O, will also be renamed as Resort Tai O Group! We have found a new investment partner in China, and the other party also promised that it will inject more than ten years into Tai O Group. One hundred million U.S. dollars!"

"Third, all casinos under the Resort Tourism Group and the Resort Daao Group have all resumed normal operations. With the help of the new shareholders, our casino equipment has been completely overhauled, and all the staff are preparing to provide 120% Ten’s warm welcome to all visitors!"

The press conference was not over yet, and the market reacted to Okada’s speech.

A large number of funds from various sources suddenly entered the venue, swallowing the resort group's stock.

The stock price of the group, which has been falling for six consecutive days, began to rebound rapidly.

After that, the retail investors who had recovered from their spirits also turned frantically and plunged into the stock market, turning all their money into shares in the resort group.

At this time, no matter what anyone can see, the stock price turmoil of Wynn Group, which has been somewhat incomprehensible by many people so far, has finally come to an end.

Although various people were not optimistic about the future stock price of Wynn Group, in fact, as long as one thing is done, the stock price of the former Wynn Group and the current resort group will surely recover.

This incident is the reopening of casinos under the group.

To say one thing, as long as the casinos of the Resort Group and the Resort Tai O Group return to normal, then the stock price of the Resort Group will not be too low.

Why was Stephen Wynn unable to completely lift the stock price back anyway?

In addition to insufficient funds, he has been unable to keep the casino operating normally, which is the main reason.

The resort group’s casino cannot operate normally, and the entire group’s receivables will be directly reduced by two-thirds. Therefore, only when the casino returns to normal can investor confidence return to normal.

This was also the greatest weight Lin Chen used to convince others.

Just after the press conference was over, Little Kirklian, Lin Chen, and Sheldon of the Sands Group gathered together for a light meal.

During the dinner, Sheldon looked at Lin Chen with emotion: "Mr. Lin, I can't help but feel a little grateful to see your performance this time. Fortunately, I didn't choose to fight you to the end. Otherwise, Stephen will end up with me today. The end."

Lin Chen laughed and said, "Mr. Sheldon joked. We were just on business, and there was no private grievance. Even if you refused to give up, we would not use this method."

Sheldon laughed dryly and was silent.

As a participant of the Lin Chen Project, Sheldon clearly sees Lin Chen's performance in this incident.

His approach, even Sheldon, an old senior in the investment world, must secretly admire!

Sheldon knew that from the very beginning, Lin Chen's goal was not only limited to the goal of causing Wynn Group's stock price to plummet.

After hearing Lin Chen's words to let Wynn Group disappear, many people thought he was going to delist Wynn Group, but in fact, this young man was far more pragmatic than others thought.

He first used his ability to severely damage the casino business of Wynn Group, and then began to suppress Wynn Group's stock price with great fanfare.

But behind all of this, there is actually a secretive strategy.

Lin Chen's real purpose was the shares of Wynn Group from the beginning.

And he first approached Sheldon, hoping that the conditions Sheldon put forward when he joined him are also the future shares of Wynn Group.

While everyone thought they were frantically suppressing the stock price, Lin Chen and the three of them were actually secretly taking advantage of the stock price plummet to absorb the shares of Wynn Group.

However, if it is just that, then he may not be able to achieve the result afterwards.

But it was at this time that Sheldon witnessed Lin Chen's ability like an unknown prophet and his ability to negotiate that could not be forgotten.