Galaxy Entertainment to Purchase 5.3 Million Primary Shares of Wynn Resorts; Former CEO and Founder Steve Wynn to Sell Remaining Eight Million Shares
Galaxy Entertainment Group | March 23, 2018
HONG KONG and LAS VEGAS, March 23, 2018 -- Galaxy Entertainment Group (HKEx stock code: 27) and Wynn Resorts, Limited (NASDAQ: WYNN) today announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts. Galaxy Entertainment Group Vice Chairman Francis Lui said, "This is a unique opportunity to acquire an investment in a globally recognized entertainment corporation with exceptionally high quality assets and a significant development pipeline." "It is an honor to have such a distinguished company a...
Wynn Resorts | February 7, 2018
LAS VEGAS, Feb. 7, 2018 -- Wynn Resorts released the following statements today regarding Chairman and CEO Steve Wynn: STATEMENT FROM WYNN RESORTS: The Board of Directors of Wynn Resorts reluctantly announced today that it accepted the resignation of Steve Wynn as CEO and Chairman of the Board of Directors. The board has appointed Matt Maddox, currently President of the Company, as its CEO, and Boone Wayson as Non-Executive Chairman of the Board of Directors, effective immediately. "It is with a collective heavy heart, that the board of directors of Wynn Resorts today accepted the resignation of our founder, CEO and friend Steve Wy...
Wynn Resorts | August 17, 2016
MACAU, Aug. 17, 2016 -- After six years of development, Wynn Resorts will open the doors to Wynn Palace, the latest masterpiece resort from Steve Wynn, at 8pm on August 22, 2016. Representing the culmination of his over 45 years of experience in hospitality, this spectacular new destination is set to redefine luxury as part of Macau's exciting development into a world center of tourism and leisure. The floral-themed Wynn Palace will transport guests into a world of beauty, excitement and entertainment, starting with a breathtaking ride in air-conditioned SkyCabs that traverse the stunning 8-acre Performance Lake and into the heart o...
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