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Wynn Loan to Macau Unit Negative Sign, Others Could Follow, Says Morgan StanleyWritten by: Todd Shriber

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Wynn Resorts (NASDAQ:WYNN) extending a $500 million credit revolver to its Wynn Macau unit is a negative sign, but other concessionaires in the world’s largest casino center could follow, according to Morgan Stanley analysts. The bank says the move by Wynn implies Macau operators are encountering headwinds in obtaining capital from banks — a potentially
The post Wynn Loan to Macau Unit Negative Sign, Others Could Follow, Says Morgan Stanley appeared first on Casino.org.
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