Thursday 10 July 2025

IAG

No Result

View All Result

No Result

View All Result

IAG

No Result

View All Result

Wynn Resorts to buy back US$681 million in notes due 2025 after completion of tender offer

by Newsdesk

Sun 10 Mar 2024 at 18:47

Elaine Wynn sues Wynn Resorts over access to shareholders

8

SHARES

204

VIEWS

Wynn Resorts Limited revealed Friday it will repurchase almost US$681 million of its outstanding 5.500% Senior Notes due 2025 following completion of its previously announced tender offer.

The final amount of US$680,986,000 fell short of the tender cap of US$800 million and leaves around US$719 million in notes outstanding. The tender offer expired on Friday 8 March with settlement due this Monday 11 March 2024.

The company added that its subsidiaries Wynn Las Vegas LLC and Wynn Las Vegas Capital Corp are also redeeming US$119 million of the notes on 27 March 2024.

As reported by Inside Asian Gaming, Wynn announced in mid-March that it would conduct a private add-on offering of Wynn Resorts Finance 7.125% Senior Notes due 2031 with the proceeds to be used to partially pay for a simultaneous buyback of the US$800 million in Senior Notes due 2025.

RelatedPosts

Nevada’s 440 casinos closed as Governor issues unprecedented shut down of all non-essential businesses

IAG’s sister company CDC Gaming launches 4th annual “10 Women Rising in Gaming” alongside Global Gaming Women

Wed 9 Jul 2025 at 06:15

IGT, Scientific Games help boost AGEM Index in December

Konami, Aristocrat lead strong gain for AGEM Index in June

Tue 8 Jul 2025 at 05:44

Wynn Al Marjan Island releases first renderings of uber-luxury Enclave suite and apartment offering

Wynn Al Marjan Island releases first renderings of uber-luxury Enclave suite and apartment offering

Fri 4 Jul 2025 at 05:59

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Abbiati targeting North and South American markets via strategic alliance with Hawkins Holdings

Wed 2 Jul 2025 at 09:39

Load More

Tags: North America senior notes tender offer Wynn Resorts

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke

Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke

Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke

Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley

Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia

GLI

Mindslot

Solaire

Tecnet

NWR

Jumbo

568Win

Related Posts

PhilWeb falls to US$10.5 million loss in FY24 on asset impairments

Century Entertainment signs joint venture agreement to develop gaming system platforms for Asia-Pacific markets

Thu 10 Jul 2025 at 06:22

Century Entertainment International Holdings Ltd has announced the formation of a joint venture with Philippines-based World Platinum Technologies Inc (WPT) with the goal of conducting research, development, marketing and sales of WPT’s gaming system platforms and related content in the...

Macau GGR hits new post-pandemic high of MOP$20.8 billion in October

Citi: Macau industry EBITDA likely to have grown by 3% in 2Q25

by Ben Blaschke

Thu 10 Jul 2025 at 05:46

Investment bank Citigroup believes the 8% year-on-year growth in gaming revenues generated by Macau’s casino operators in the June quarter will translate to 3% industry EBITDA growth – somewhat tempered by an unfavorable revenue mix due to a rebound in...

Thailand’s casino bill officially on hold after House votes to remove it from agenda

Thailand’s casino bill officially on hold after House votes to remove it from agenda

by Ben Blaschke

Thu 10 Jul 2025 at 05:42

Thailand’s controversial casino bill is officially off the House agenda after members voted in favor of its withdrawal on Wednesday. Local media outlet The Nation reported that the vote took place after two hours of debate, with 253 votes in...

Macau government says ratio of local staff employed by concessionaires in middle and senior positions now at 90%

Macau government says ratio of local staff employed by concessionaires in middle and senior positions now at 90%

Wed 9 Jul 2025 at 19:46

Around 90% of the middle and senior staff of Macau’s six concessionaires are now local employees, the government has revealed. According to information made public by Secretary for Economy and Finance Tai Kin Ip during a plenary session of the...

No Result

View All Result

© 2005-2024
Inside Asian Gaming.
All rights reserved.