Wynn Resorts files for HK IPO of Macau unit
HONG KONG, July 21 |
HONG KONG, July 21 (Reuters) - Las Vegas casino company Wynn Resorts (WYNN.O) has submitted an application to list its Macau unit on the Hong Kong exchange, sources said on Tuesday.
Sources said the company hopes to raise between $500 million and $1 billion by spinning off the Macau business.
(Reporting by Michael Flaherty; Editing by Jonathan Hopfner)
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