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The expected proceeds of $630.6m are based on a public offering price of $116.99 per share, Wynn’s closing share price at the end of trading on the Nasdaq exchange on Friday (February 5), and also takes into account underwriting discounts and offering expenses.
- The expected proceeds of $630.6m are based on a public offering price of $116.99 per share, Wynn’s closing share price at the end of trading on the Nasdaq exchange on Friday (February 5), and also takes into account underwriting discounts and offering expenses.
- Wynn also partnered with Scientific Games to provide the casino’s internet gambling applications. OpenGaming, which is Scientific Games’ platform, gives Wynn potential access to a plethora of table and slot games.
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If the additional 825,000 shares are also purchased, Wynn could raise as much as $725.2m.
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Wynn said the funds raised will be used for “general corporate purposes”, which may include capital expenditures, acquisitions, investment in the business’s subsidiaries and repayments of debt.
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