Wynn Macau Ltd (1128.HK)
* Entered into purchase agreement with Deutsche Bank Ag, Singapore branch, as representative of initial purchasers, and initial purchasers
* Announces proposed issuance of senior notes and concurrent tender offer for repurchase of 2021 notes Source text for Eikon: Further company coverage: (email@example.com)
HONG KONG (Reuters Breakingviews) - The Chinese gambling enclave of Macau has been going gangbusters of late, with gambling revenue rising for a ninth straight month in April. Shares in casino firms have rallied strongly alongside. The top three Hong Kong-listed stocks, Sands China, Wynn Macau and Galaxy Entertainment, have added $20 billion in market value. But the sector still lacks a family-friendly hedge against political and economic risk. Resort operators better hope their new luck holds.
* Recommended payment of a final dividend of HK$0.42 per share