Wynn Macau may need additional financing for Cotai project

 

In its annual results filing, Wynn Resorts Ltd, parent company of Wynn Macau Ltd, admitted that it may need additional funding to be able to complete construction of its Cotai project, whose cost has been estimated at $4 billion.  It also acknowledged the risk that it could take a hit to profits if former shareholder Kazuo Okada wins a lawsuit challenging the forced purchase of his 20 percent stake last year. The company also acknowledged that it may face regulatory investigations in relation to a donation to the University of Macau that Okada has questioned.

 

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