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Macau | Wynn Macau shares over 8 pct in morning trade at HKEx

Macau (MNA) – Wynn Macau shares were up 8.20 per cent to HK$27.1 at 11:38AM Thursday on the Hong Kong Stock Exchange, following the upward trend of parent Wynn Resorts on Nasdaq, following release of news of the new board replacing Steve Wynn.

The appointment of Matt Maddox as CEO for Wynn Macau, Allan Zeman as Chairman and Maurice Wooden as Non-Executive Director, while retaining key executive Linda Chen as COO and Executive Director and Ian Coughlin as President and Executive Director, seemed to move investors’ mood to bullish grounds.

Wynn Resorts had previously closed on Nasdaq at US$177.32, up 8.64 per cent from the previous session, losing 0.29 per cent in after-hours trading to US$176.80.

News of Steve Wynn’s resignation on Wednesday seemed to resolve issues making investors wary, as reported by MNA.