paid Universal $2.4 billion<\/a> to settle that lawsuit and allow its disgraced former chairman and CEO to sell his shares.<\/p>\nGalaxy\u2019s acquisition of those shares made perfect sense for Wynn Resorts and its shareholders. Macau\u2019s gambling licenses are up for review in 2022 and the tie-up with a local partner reduces the risk of being turned down for a license renewal.<\/p>\n
“It is a win-win,\u201d said Lui. \u201cYes, I think we have given them something they value and I think in return we are investing in a very nice company.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau operator Galaxy Entertainment is unconcerned by the Nevada Gaming Commission\u2019s decision to investigate its suitability as an owner of Las Vegas-based casino giant Wynn Resorts. Galaxy Entertainment bought a 4.9 percent stake in Wynn Resorts for just under $1 billion last week from the divestiture of Steve Wynn\u2019s shares. Usually, only entities owning more […]<\/p>\n","protected":false},"author":42,"featured_media":74132,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\n
Galaxy Entertainment Confident of Passing Wynn Deal Probity Checks<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n