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Wynn Macau

Author:admin Views: Publish Time:2022-11-29
Summary:Wynn Macau Limited (English: Wynn Macau, Limited, Hong Kong Stock Exchange: 1128) is a company operating the gaming industry in Macau. It is a subsidiary of Wynn Resorts, Limited in the United States and was established in Macau in 2006.

Wynn Macau Limited (English: Wynn Macau, Limited, Hong Kong Stock Exchange: 1128) is a company operating the gaming industry in Macau. It is a subsidiary of Wynn Resorts, Limited in the United States and was established in Macau in 2006.
 
Wynn Macau, covering an area of ​​16 acres, the first phase of the project covers an area of ​​11 acres, consisting of hotels, casinos and other supporting facilities, with a total investment of 5.6 billion yuan. This is the first Las Vegas integrated resort model in Macau. Casino hotel.


There are 420 gaming tables and 1280 slot machines in Wynn Macau.
 
Wynn Macau launched a public offering in Hong Kong from September 24 to September 30, 2009. The offering price was HK$10.08 per share, and 1.25 billion new shares were issued, accounting for 25% of the enlarged issued share capital, raising a maximum of HK$12.6 billion. [1] The proceeds from the company’s fundraising are mainly used to acquire the interests of WM Cayman Holdings Limited II, which holds the business of Wynn Resorts in Macau.
 
Wynn Macau was listed on the Hong Kong Stock Exchange on October 9, 2009. On October 12, 2009, the over-allotment right of Wynn Macau's initial public offering was exercised, raising an additional HK$1.89 billion (approximately US$242.3 million).

The company issued a further 187.5 million shares through an over-allotment option, equivalent to 15% of the total number of new shares issued in its public offering. The company additionally issued the aforementioned shares at a price of HK$10.08 (i.e., the IPO issue price).
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