Wynn Is Borrowing $1.5 Billion as Macau Concerns Intensify

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https://www.barrons.com/articles/wynn-macau-china-casino-stocks-51631872800


Updated Sept. 17, 2021 8:44 americium ET / Original Sept. 17, 2021 6:01 americium ET

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Wynn Resorts said successful a filing it obtained a $1.5 cardinal recognition installation from Bank of China Ltd. arsenic it and different casinos that run successful the Chinese enclave of Macau look tighter authorities power implicit the industry. 

Wynn (ticker: WYNN) said the recognition enactment volition beryllium utilized to refinance indebtedness of Wynn Macau and its subsidiaries, and besides to “fund ongoing moving superior needs and for wide firm purposes.”

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