Wynn Macau to inject MOP 4.8bn into Macau resort following licence renewal success

Wynn Macau has announced it will inject approximately MOP 4.80bn (US$596.4m) into Wynn Resorts Macau (WRM), along with other changes. According to its board of directors, the Asia-facing arm of Wynn Resorts “will conduct a capital restructuring, so that WRM’s registered capital can be increased from MOP 200.1m to MOP 5bn." Wynn Macau plans to do this by increasing the voting rights of its Vice Chairman, COO and Executive Direct...