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Wynn buys back $39.3 million in 6 5/8% first mortgage notes due 2014 in first quarter
By Devika Patel
Knoxville, Tenn., May 11 - Wynn Resorts Ltd. purchased $39.3 million of subsidiary Wynn Las Vegas' 6 5/8% first mortgage notes due 2014 in the first quarter, according to a 10-Q filed Monday with the Securities and Exchange Commission.
The notes were bought through open-market purchases at a discount, resulting in a net gain of $10.6 million.
Wynn is a Las Vegas-based developer, owner and operator of destination casino resorts.
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