LAS VEGAS--(BUSINESS WIRE)--Sep. 30, 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.
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under
the ticker symbol WYNN and is part of the S&P 500 and NASDAQ-100
Indexes. Wynn Resorts owns and operates Wynn Las Vegas (www.wynnlasvegas.com),
and Wynn Macau (www.wynnmacau.com).
Wynn Las Vegas, a luxury hotel and destination casino resort located on
the Las Vegas Strip features 2,716 luxurious guest rooms and suites, an
approximately 111,000 square foot casino, 22 food and beverage outlets,
an on-site 18-hole golf course, approximately 223,000 square feet of
meeting space, an on-site Ferrari and Maserati dealership, and
approximately 74,000 square feet of retail space.
We opened Encore, an expansion of Wynn Las Vegas on December 22, 2008.
Encore is located immediately adjacent to Wynn Las Vegas and features a
2,034 all-suite hotel, approximately 72,000 square foot casino, 12 food
and beverage outlets, a night club, a spa and salon, approximately
60,000 square feet of meeting space and approximately 27,000 square feet
of upscale retail outlets.
Wynn Macau is a destination casino resort in the Macau Special
Administrative Region of the People's Republic of China and currently
features 600 deluxe hotel rooms and suites, approximately 205,000 square
foot casino, casual and fine dining in five restaurants, approximately
46,000 square feet of retail space, a health club, pool and spa, along
with lounges and meeting facilities.
The company is also constructing the Encore at Wynn Macau, which will be
fully integrated into the existing operations at Wynn Macau and solidify
Wynn Macau’s position as the premier destination in Macau.
Source: Wynn Resorts, Limited
Wynn Resorts, Limited
Samanta Stewart, 702-770-7555