Steve Wynn Invests $15 Million in Pie Face – Deal Journal – WSJ

Steve Wynn Invests $15 Million in Pie Face – Deal Journal – WSJ.

Nader Nazemi

Steve Wynn, chairman and chief executive officer of Wynn Resorts, speaks during an interview in Macau, China

Nader Nazemi

Gaming mogul and founder of Wynn Resorts, Steve Wynn, has tipped $15 million into Pie Face’s U.S. subsidiary, as part of a private placement.

The purchased shares represent approximately 43% of the issued and outstanding shares of Pie Face USA on a fully-diluted basis, the company said in a statement.

“Having met the Pie Face USA management team recently and having visited their first store in New York, I came to the conclusion that they were bright people with a bright concept. I look forward to backing them as they expand throughout Manhattan and across the United States,” Mr. Wynn said.

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