Wynn Macau Prices Hong Kong IPO at Top of the Range
OCTOBER 1, 2009 - Wynn Resorts, Limited (NASDAQ: WYNN) announced today that Wynn Macau, Limited, a newly formed and indirect wholly owned subsidiary of Wynn Resorts, Limited and a developer, owner and operator of destination casino gaming and entertainment resort facilities focused exclusively on Macau, has determined the price for its proposed offering of 1,250,000,000 ordinary shares of Wynn Macau, Limited.
The offering price is HK$10.08 (equivalent to approximately US$1.30) per share, representing proceeds of approximately US$1.6 billion and 25% of the post-issuance capital base of Wynn Macau, Limited. The offering is expected to close on or about October 9, 2009, subject to the satisfaction of customary closing conditions.
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