• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Wynn Resorts prices new US$750mln funding in notes

Sep 13, 2019 Newsdesk Latest News, Macau, Top of the deck, World  


Wynn Resorts prices new US$750mln funding in notes

Casino operator Wynn Resorts Ltd has priced its new private offering, for an aggregate principal of US$750-million in senior notes, at 5.125 percent.

The firm said in a filing on Thursday that cash raised via the notes – instruments due to mature in 2029 – along with US$1.85 billion in new senior secured credit facilities that had also been announced on Wednesday, would be used to “refinance the existing credit facilities of Wynn Resorts and Wynn America LLC and pay related fees and expenses”.

Wynn America is now known as Wynn Resorts Finance LLC, the United States-based Wynn Resorts had reiterated in its Thursday filing.

On Wednesday Wynn Resorts had announced a corporate reorganisation. Under it, Wynn Resorts Finance will hold the group’s interest in the Wynn Las Vegas and Encore Boston Harbor casino properties located in Nevada and Massachusetts respectively, in the United States.

Wynn Resorts Finance will also hold the group’s approximately 72 percent controlling interest in Wynn Macau Ltd, the operating entity in its Macau gaming operation.

The Wynn group has committed itself to an outlay of US$2 billion on an expansion of its Wynn Palace casino resort on Cotai in Macau. The group is also a suitor for a casino licence in Japan, and has pledged a large spend on resort infrastructure if it were to win a gaming permit there.


  • tweet
Related articles
  • Likely some UAE gaming regulation this year: JPM
    Likely some UAE gaming regulation this...

    Sep 18, 2023  

  • Wynn Macau Ltd launches brand for events, experiences
    Wynn Macau Ltd launches brand for...

    Sep 14, 2023  

More news
  • Grand Hyatt MICE revamp before year end: Melco CEO
    Grand Hyatt MICE revamp before year...

    Sep 21, 2023  

  • Melco to help Macau govt revitalise some Inner Harbour piers
    Melco to help Macau govt revitalise...

    Sep 21, 2023  


Latest News

Grand Hyatt MICE revamp before year end: Melco CEO

Grand Hyatt MICE revamp before year end: Melco CEO

Sep 21, 2023  

Lawrence Ho Yau Lung, chairman and chief executive of casino group Melco Resorts & Entertainment Ltd, has confirmed to GGRAsia that before year-end it will start revamp work for the meeting space...
Read More
Melco to help Macau govt revitalise some Inner Harbour piers

Melco to help Macau govt revitalise some Inner Harbour

Sep 21, 2023  

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Golden Week Macau GGR to be 17pct up on rest of Oct: MSGolden Week Macau GGR to be 17pct up on rest of Oct: MS September 21, 2023
  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • LT Game readies new LMG product as Macau recovers: ChunLT Game readies new LMG product as Macau recovers: Chun September 20, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us