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$1.6bb HK Wynn Macau IPO: opened up +13% closed +7%

|Includes: LVS, MGM, MLCO, Wynn Resorts, Limited (WYNN)

. IPO price 34x forecasted earnings for the year ending Dec 31, 2009
. A second tower, the Encore, coming online soon, expected by June, 2010, almost doubling the current capacity
. The Wynn Macau IPO is a 25% subsidiary company spin-off from Wynn Resorts
. Wynn Macau has a track record of consistent profits, Wynn Las Vegas does not,

read more in the IPO report

AP news article