trending Market Intelligence /marketintelligence/en/news-insights/trending/brxxjnkmm5nre_cgmum8yg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Steve Wynn sells remaining stake in Wynn Resorts as Galaxy picks up shares

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Credit Analytics Case Study Poundworld Retail Ltd


Steve Wynn sells remaining stake in Wynn Resorts as Galaxy picks up shares

Wynn Resorts Ltd. founder and former CEO Steve Wynn has sold his remaining stake in the Las Vegas-based hotel and casino operator, shortly after reducing his 11.78% holding to 7.8%, according to a March 22 announcement.

Two of Wynn Resorts' long-term institutional investors agreed to acquire Wynn's remaining 8 million shares at a price of $175 per share, which effectively ends his ownership in the company. Wynn resigned in February following sexual misconduct allegations.

Meanwhile, Macau casino operator Galaxy Entertainment Group Ltd. agreed to purchase 5.3 million primary shares of Wynn Resorts for $175 per share, for a total consideration of $927.5 million. The amount represents about 5.1% of Wynn Resorts' outstanding shares of common stock as of Feb. 15.

In a separate March 22 statement, Wynn Resorts said it plans to use net proceeds from the Galaxy transaction to repay borrowings under its $800 million, 364-day term loan facility.