The move follows the declaration of an interim dividend.<\/p>\n\n\n\n\n\n\n\n
Macau.- Wynn Macau has announced the adjustment of the conversion price of its US$600m 4.50 per cent convertible bonds due in 2029 following the company’s dividend payment declaration. All other terms and conditions of the convertible bonds will remain unchanged.<\/p>\n\n\n\n
It stated: “Pursuant to the terms and conditions of the convertible bonds, the conversion price is subject to adjustment for, among other things, capital distributions made by the company. Accordingly, the conversion price was adjusted from HK$10.24375 to HK$10.01212 as a result of the payment of the 2023 final dividend and the 2024 interim dividend, and such adjustment will become effective on September 4.”<\/p>\n\n\n\n
On August 16, the casino operator announced an interim dividend of HK$0.075 (US$0.01) per share<\/a> to be paid on September 12. The company resumed dividend payments after announcing a 2023 final dividend of HK$0.075 per share in March.<\/p>\n\n\n\n Wynn Macau<\/a>\u00a0reported revenue of US$885.3m for the second quarter of the year, down 11.3 per cent\u00a0sequentially<\/a>\u00a0but up 15 per cent\u00a0when\u00a0compared to last year.\u00a0The company recorded adjusted earnings before interest, taxation, depreciation, amortisation and rent\u00a0(EBITDAR) of US$280.4m, down 17.4 per cent\u00a0sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":" The move follows the declaration of an interim dividend.<\/p>\n","protected":false},"author":176,"featured_media":24843,"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 adjusted the conversion price of its US$600m 4.50 per cent convertible bonds due 2029 from HK$10.24375 to HK$10.01212. This adjustment, effective September 4, follows the company's declaration of 2023 final and 2024 interim dividends, aligning with the bond's terms regarding capital distributions. The casino operator recently resumed dividend payments and reported Q2 revenue of US$885.3m and adjusted EBITDAR of US$280.4m.","focusai_entities":"Wynn Macau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Bondholder impact analysis","query":"What is the projected impact of this conversion price adjustment on the dilution potential for existing shareholders and the effective yield for convertible bondholders, considering the current share price volatility and market conditions?"},{"label":"Dividend policy sustainability","query":"Given the sequential decline in Q2 revenue and EBITDAR, what is Wynn Macau's long-term dividend policy outlook, and how does it balance shareholder returns with capital expenditure requirements for future growth initiatives in Macau's gaming vertical?"}],"footnotes":""},"categories":[16338,163],"tags":[20777],"class_list":["post-777018751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018751","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=777018751"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018751\/revisions"}],"predecessor-version":[{"id":777018766,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777018751\/revisions\/777018766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24843"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777018751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777018751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777018751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}