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Wynn mulls $3 billion listing

10 July 2008

HONG KONG -- As reported by MarketWatch -- The casino investor Steve Wynn is considering a secondary listing for his casino and hotel group in Hong Kong, a move that could raise as much as $3 billion and would probably rank as the largest listing on the Hong Kong bourse this year, according to a media report.

"Wynn has hired UBS, Deutsche Bank and Morgan Stanley to advise on the transaction, according to a report in the South China Morning Post Thursday, which cited market sources but didn't identify them.

"Funds from a Hong Kong listing could help finance the group's expansion in Macau, where it currently operates a 600-room hotel-and-casino complex..."

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