Kent Ninomiya travel

Zacks.com submits: On Monday, Fitch Ratings raised its outlook for Wynn Resorts Ltd. (WYNN) to positive from stable subsequent to the completion of the company’s Hong Kong initial public offering (IPO) for its Macau unit. The ratings also include an improved operating outlook following the relaxation of travel restrictions.Through the Hong Kong IPO, Wynn sold 1.25 billion shares or a 25% stake in its Macau business, which represented Hong...  

A relatively undeveloped corner of the Pearl River Delta immediately west of Macau is being lined up for an extensive makeover. Hengqin island, part of the mainland city of Zhuhai, is to be transformed into a resort paradise featuring golf courses and theme parks. In the process, Macau and Hong Kong will be more intimately integrated into the mainland delta, tricky legal relationships permitting. - Kent Ewing