Wynn Resorts (WYNN.O), the world’s third-largest casino operator by market value, said on Wednesday that it does not expect new casinos set to open in Singapore to be a threat to its Asia business.
Wynn is seeking to raise US$1.6 billion ($2.3 billion) from a spin-off of its Macau unit, in what would be Hong Kong’s second-largest IPO so far this year, behind Metallurgical Corp of China’s (MCC) US$2.34 billion Hong Kong offering.
