Wynn Resorts completes stock offering

Wed, May 12, 2004 (10:31 a.m.)

Steve Wynn's Wynn Resorts Ltd. today said it completed the previously disclosed secondary public offering of 7 million shares of its common stock at a price of $38.75 per share. The net proceeds to Wynn Resorts, after deducting discounts and commissions and estimated expenses, were $267.9 million. The funds will pay off some debt, finance development activity in the Chinese city of Macau and for general corporate purposes.

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