Casino giant Galaxy buys stake in rival Wynn Macau

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AFP
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Macau gaming giant Galaxy Entertainment has announced the surprise purchase of a stake in rival Wynn Macau, as it emerged that embattled founder Steve Wynn had sold his entire remaining stake in the company. Galaxy paid US$927.5 million for five percent of Wynn Macau, which will boost its position in the only part of China where…



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