Wynn Resorts is preparing for an initial public offering of itsMacau operations on the Hong Kong Stock Exchange. The offering, ofa 20% stake in the operations, are expected to generate proceeds ofmore than $1 billion. The shares are expected to begin trading inearly October after a three-week marketing campaign.

Last week, Wynn received approval from Hong Kong Stock Exchangeregulators for the IPO and filed a required disclosure statementdetailing its Asian operations. For that story, clickhere.

The group of lenders under its credit agreement includesDeutsche Bank Trust Company Americas; Deutsche Bank SecuritiesInc.; Banc of America Securities LLC; Bank of America NA; JP MorganSecurities Inc.; JPMorgan Chase Bank NA; SG Americas SecuritiesLLC; Société Générale; Bank of Scotland; HSH Nordbank AG; RoyalBank of Scotland PLC; Wachovia Bank; and the several banks.

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