{"id":777003098,"date":"2023-03-08T12:48:10","date_gmt":"2023-03-08T15:48:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777003098"},"modified":"2026-04-22T23:58:45","modified_gmt":"2026-04-23T02:58:45","slug":"wynn-macau-completes-issuance-of-us600m-convertible-bonds-due-2029","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-completes-issuance-of-us600m-convertible-bonds-due-2029","title":{"rendered":"Wynn Macau completes issuance of US$600m convertible bonds due 2029"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Wynn Resorts&#8217; stake in Wynn Macau will be reduced from 71.6 per cent to 65.8 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- <strong>Wynn Macau<\/strong> has announced the completion of the<strong> issuance of US$600m 4.50 per cent convertible bonds<\/strong> due 2029. The company said net proceeds after the deduction of commission and other related expenses, will be approximately US$586m, which it intends to use for general corporate purposes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Due to the issuance of new convertible bonds, Wynn Resorts&#8217; stake in Wynn Macau has dropped from 71.6 per cent to 65.8 per cent. Some 8.1 per cent of the company&#8217;s capital is now held by bondholders.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Capital Group Companies<\/strong>&#8216; position fell from 5.7 per cent to 5.2 per cent. Other shareholders experienced a reduction in their shareholdings from 22.7 per cent to 20.9 per cent.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-posts-us787-5m-in-operating-revenue-for-2022\" rel=\"noreferrer noopener\">Wynn Macau<\/a>&nbsp;has recently reported that its operating revenue for 2022 decreased by 52.2 per cent on year-on-year terms to MOP6.37bn (US$787.5m). Operating revenues decreased by US$473.75m at<strong>&nbsp;Wynn Palace<\/strong>&nbsp;and US$314.8m at&nbsp;<strong>Wynn Macau<\/strong>&nbsp;due to decreased gaming volumes resulting from travel restrictions related to the Covid-19 pandemic.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company had US$3.65bn in cash and cash equivalents, excluding restricted cash, as of December 31, 2022, and US$837m in borrowing capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Resorts&#8217; stake in Wynn Macau will be reduced from 71.6 per cent to 65.8 per cent.<\/p>\n","protected":false},"author":176,"featured_media":26502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau has completed a US$600m convertible bond issuance, resulting in a reduction of Wynn Resorts' controlling stake from 71.6% to 65.8%. The approximately US$586m net proceeds are earmarked for general corporate purposes, following a significant 52.2% year-on-year operating revenue decline in 2022 attributed to pandemic-related travel restrictions impacting gaming volumes.","focusai_entities":"Wynn Resorts, Wynn Macau, Capital Group Companies","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Wynn Resorts' Strategy","query":"How will the reduced stake in Wynn Macau influence Wynn Resorts' broader capital allocation strategy and its long-term investment priorities across its global portfolio?"},{"label":"Future Capital Structure","query":"What are the projected implications of this convertible bond issuance on Wynn Macau's debt-to-equity ratio and its capacity for future capital expenditure or market expansion?"}],"footnotes":""},"categories":[157,16338],"tags":[20777],"class_list":["post-777003098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003098","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=777003098"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003098\/revisions"}],"predecessor-version":[{"id":777003137,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003098\/revisions\/777003137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26502"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}