{"id":22948,"date":"2021-09-24T09:21:54","date_gmt":"2021-09-24T12:21:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22948"},"modified":"2026-04-23T15:22:16","modified_gmt":"2026-04-23T18:22:16","slug":"capital-group-companies-inc-reduces-stake-in-wynn-macau","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/capital-group-companies-inc-reduces-stake-in-wynn-macau","title":{"rendered":"Capital Group Companies Inc reduces stake in Wynn Macau"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Capital Group has announced it has reduced its stake in Wynn Macau from 7.20 per cent to 6.87 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.-<strong>\u00a0<\/strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-expects-casino-licence-renewal\">Wynn Resorts Macau<\/a>\u00a0has reported that Capital Group Companies Inc, one of its shareholders,\u00a0<strong>has sold 17,294,000 shares<\/strong>\u00a0for nearly HKD102.5m (US$13.2m). As a result, <strong>Capital Group&#8217;s stock in Wynn Macau has fallen from 7.20 per cent to 6.87 per cent\u00a0<\/strong>as the company had previously disposed of Wynn Macau Ltd shares.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wynn Macau Ltd&#8217;s stock worth at the close of business on Monday, was HKD5.90, the lowest since it was listed on the Hong Kong bourse in 2009.\u00a0On September 15,\u00a0<strong>Wynn Macau stock lost almost 29 per cent of its worth<\/strong>\u00a0in a day, finishing at HKD6.40.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fall came after the\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-stocks-plummet-after-proposed-new-gaming-laws\">government suggested changes to the current city\u2019s gaming laws<\/a>\u00a0amid a public consultation.\u00a0<strong>Brokerage JP Morgan Securities<\/strong>\u00a0has downgraded Macau gaming stocks from \u201coverweight\u201d to \u201cneutral\/underweight\u201d.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wynn Macau gets US$1.5bn credit facility<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-expects-casino-licence-renewal\" rel=\"noreferrer noopener\">Wynn Resorts Macau<\/a>&nbsp;has reported it has obtained a&nbsp;<strong>US$1.5bn revolving credit facility<\/strong>&nbsp;in order to renegotiate existing obligations and for general corporate purposes. The company announced<strong>&nbsp;the facility loan will comprise one tranche of US$312.5m and one of HKD9.26bn<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loans will be made accessible to Wynn\u2019s WM Cayman II unit, which likewise can level up the credit by a further US$1bn. The last development of all remarkable credits under the Revolving Facility is 16 September 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital Group has announced it has reduced its stake in Wynn Macau from 7.20 per cent to 6.87 per cent.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Capital Group has strategically reduced its equity stake in Wynn Macau, coinciding with a notable depreciation in the operator's stock value, which was largely influenced by proposed amendments to Macau's gaming regulatory framework. Concurrently, Wynn Resorts Macau has secured a US$1.5 billion revolving credit facility, enhancing its liquidity and providing capital for general corporate purposes and the refinancing of existing obligations amidst prevailing market volatility.","focusai_entities":"Capital Group Companies Inc, Wynn Macau, Wynn Resorts Macau, Wynn Macau Ltd, JP Morgan Securities, WM Cayman II","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Regulatory Impact","query":"What specific amendments to Macau's gaming concession laws are currently under public consultation, and how are these anticipated to reshape the operational and financial landscape for integrated resorts?"},{"label":"Wynn Capital Structure","query":"How does the US$1.5 billion revolving credit facility, including its tranches and potential for expansion, strategically position Wynn Macau to manage its debt profile and fund future growth initiatives amidst market uncertainties?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,20777],"class_list":["post-22948","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22948"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22948\/revisions"}],"predecessor-version":[{"id":22961,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22948\/revisions\/22961"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}