Wynn Resorts announced several major transactions, including selling 5.3M newly issued shares to Galaxy Entertainment, and the announcement that two of Wynn's long-term large institutional shareholders will buy former CEO Steve Wynn's remaining 8M shares, after which he will essentially own any more shares. In a research note to investors, Stifel analyst Steven Wiecynski said the transactions are "long-term positives" for the shares and expects a positive reaction when shares start trading today. The analyst said the transactions "remove the 'Steve Wynn' overhang" by eliminating him as a shareholder, adding that the company is picking up a "valuable,' long-term investor in Galaxy. He further contended that with Galaxy "coming in and essentially overnight becoming a top-5 shareholder," investors will speculate whether this could be the first step in it buying or controlling all of Wynn. Bringing the companies together would "make perfect sense," he said, adding that another "logical" buyer could be Genting Hong Kong.