Wynn Retracts Filing on Macau Cotai

It was reported on Friday afternoon that Wynn Resorts WYNN has retracted a filing, which suggests that the company has completed a land concession contract on its expected casino resort on Macau. According to Bloomberg, WYNN saw shares rise 6.7% to $130.18 at 12:12 p.m. in New York, after gaining up to 8.6%. The original 8-K filing by Wynn was incorrect in asserting that a land concession contract which was initially reported in September had been published in the official Gazette of Macau, marking the start of the agreement. “The filing was not authorized by the company,” Wynn said in an amended statement. “The purpose of this filing is to retract the Land Concession 8-K in its entirety.”