{"id":777026714,"date":"2025-05-21T08:42:12","date_gmt":"2025-05-21T11:42:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026714"},"modified":"2026-04-21T22:46:51","modified_gmt":"2026-04-22T01:46:51","slug":"wynn-macau-coo-reduces-stake-to-0-15","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-coo-reduces-stake-to-0-15","title":{"rendered":"Wynn Macau COO reduces stake to 0.15%"},"content":{"rendered":"\n

Frederic Luvisutto has earned over HK$11.1m (US$1.42m) from the sale of stocks in the company.<\/p>\n\n\n\n\n\n\n\n

Macau.- Wynn Macau’s chief operating officer, Frederic Luvisutto, has reduced his stake in the company\u00a0from 0.19 per cent to 0.15 per cent<\/strong>. He sold an aggregate of 2.05 million shares for an average price per share of HK$5.418. According to the company’s filing, he earned over HK$11.1m (US$1.42m) from the sale.<\/p>\n\n\n\n

Luvisutto now holds 7.68 million shares in Wynn Macau, a reduction of 27.4 per cent compared to his position of 0.2 per cent of all shares in January after receiving a grant under the employee ownership programme<\/a>. He had already cut his stake to 0.19 per cent in April in a sale that generated nearly HK$4.82m.<\/p>\n\n\n\n

Wynn Resorts eyes Thai gambling market<\/h2>\n\n\n\n

Wynn Resorts, the parent company of Wynn Macau, is exploring Thailand’s potential IR market<\/a>, according to Deputy Finance Minister Jalapun Amornvivat. In a briefing on Friday (May 16), Jalapun said executives had met with officials to discuss the government\u2019s plans.<\/p>\n\n\n\n

Jalapun believes that Thailand\u2019s natural beauty, beaches, and historical heritage make the country attractive for integrated-resort development. He also press that Wynn has inquired about the likely selection criteria, regulatory requirement, and timelines, should Thailand\u2019s casino bill get approval.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Frederic Luvisutto has earned over HK$11.1m (US$1.42m) from the sale of stocks in the company.<\/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's Chief Operating Officer, Frederic Luvisutto, has further reduced his stake in the company, generating over HK$11.1m from a stock sale. Concurrently, parent company Wynn Resorts is actively exploring the nascent integrated resort market in Thailand, engaging with government officials regarding potential regulatory frameworks and development timelines.","focusai_entities":"Frederic Luvisutto, Wynn Macau, Wynn Resorts, Jalapun Amornvivat","focusai_location":"Macau, Thailand","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), supplier_vendor (0.7), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"COO Stock Sale Impact","query":"What are the potential implications of Frederic Luvisutto's continued stake reduction on investor sentiment and Wynn Macau's executive compensation strategy?"},{"label":"Thailand IR Market Entry","query":"How would Wynn Resorts' potential integrated resort development in Thailand alter the regional gaming market's competitive dynamics and capital allocation strategies for other operators?"}],"footnotes":""},"categories":[16338,163],"tags":[29,1897,225],"class_list":["post-777026714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-igaming","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026714","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=777026714"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026714\/revisions"}],"predecessor-version":[{"id":777026717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026714\/revisions\/777026717"}],"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=777026714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}