Two Way Hard Three | Las Vegas Casino & Design Blog
March 5, 2006
Wynn To Sell Macau Sub-Concession for $1B?
Posted by HunterAccording to the LV Sun, Wynn has struck a deal to sell a sub-concession in Macau to an Australian company for $1 billion dollars.
http://www.lasvegassun.com/sunbin/stories/sun/2006/mar/05/566649580.html
Update: Looks like it is official, though a little less at $900MM.
The press release:
http://phx.corporate-ir.net/phoenix.zhtml?c=132059&p=irol-newsArticle&ID=826978&highlight=
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- brianfey recently commented "If this is true, that would be amazing for this company. That would about ..." in Wynn To Sell Macau Sub-Concession for $1B?
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Comments
If this is true, that would be amazing for this company. That would about completely pay for the Macau property, even with its new expansion.