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...