Wynn Resorts files to sell more shares

NEW YORK, Oct 22 (BestGrowthStock) – Casino operator Wynn Resorts
Ltd (WYNN.O: ) filed with U.S. regulators to sell additional
shares, capitalizing on a stock price that has more than
doubled in just under a year.

Wynn, which operates casinos in Las Vegas and Macau, filed
a shelf registration and prospectus with the U.S. Securities
and Exchange Commission on Friday, allowing it to sell an
undisclosed number of shares at its discretion in one or more
offerings.

Shares in Wynn, which was founded by billionaire Steve
Wynn, closed at $104.42 on Friday, more than double their price
on Nov. 2, 2009, when they hit $51.73.

Shares fell 1.3 percent from Friday’s closing price in
after hours trading after the filing was made.
(Reporting by Phil Wahba; editing by Carol Bishopric)

Wynn Resorts files to sell more shares