Tag Archives: Wynn Resorts
- Wynn Macau to issue twin notes worth $1.35B
September 14, 2017
Hong Kong-listed casino operator Wynn Macau Ltd. is raising $1.35 billion through the issuance of twin senior notes to professional investors. In a regulatory filing, Wynn Macau announced that it had agreed to issue US$600 million 4.875 percent senior notes due 2024 and US$750 million 5.500 percent senior notes due...
- Macau units lift Wynn Resorts Q2 net revenues
July 26, 2017
US casino operator Wynn Resorts saw its revenue rise 44.5 percent on the back of robust gambling in Macau during the second quarter. In a regulatory filing, Wynn announced that its net revenue jumped to $1.53 billion in the April to June 2017 period – a $470.9 million increase from...
- Wynn Resorts says Okada fight won’t derail Japan casino bid
July 14, 2017
Casino operator Wynn Resorts is dismissing suggestions that its long-running highly public legal squabble with Kazuo Okada could jeopardize Wynn’s pursuit of a Japanese casino license. This week, Morningstar analysts suggested that the five-year legal battle between Wynn and Okada, founder of Japanese gaming operator Universal Entertainment Corp, could spell...
- Ex-PAGCOR exec sues Wynn Macau for damaging his career
May 24, 2017
A former exec at the Philippines gaming regulatory agency has sued the Asian division of casino operator Wynn Resorts for unlawfully disclosing personal data that damaged his career prospects. On Wednesday, the Macau Daily Times published an exclusive interview with Rogelio Yusi Bangsil Jr., a former exec at the Philippine...
- Wynn Palace finds feet, boosts Wynn Resorts revenue by 48%
April 26, 2017
Casino operator Wynn Resorts posted better than expected Q1 numbers as the company’s newest Macau property found its stride. Figures released Tuesday show Wynn’s overall revenue hitting $1.48b in the three months ending March 31, nearly 48% higher than the same period last year. Adjusted earnings rose 42.4% to $427.5m...
- No, Las Vegas Sands is not buying Wynn Resorts
March 17, 2017
Casino operator Wynn Resorts had a bit of a roller coaster day on the New York Stock Exchange after rumors spread of a takeover bid by rival Las Vegas Sands. Around 11:15am on Thursday, Wynn stock suddenly shot up 3%, hitting $108.60 per share, a peak the stock hasn’t seen...