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Wynn Is Borrowing $1.5 Billion as Macau Concerns Intensify

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Wynn Resorts said in a filing it obtained a $1.5 billion credit facility from Bank of China Ltd. as it and other casinos that operate in the Chinese enclave of Macau face tighter government control over the industry. 

Wynn (ticker: WYNN) said the credit line will be used to refinance debt of Wynn Macau and its subsidiaries, and also to “fund ongoing working capital needs and for general corporate purposes.”

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