8-KItem 1.01 · Material AgreementItem 7.01 · Reg FD DisclosureItem 9.01 · Financial Statements
Wynn Macau Subsidiaries Accept Deal to Expand Wynn Palace
Filed with the SEC on · Summarized by InvestorsBot
Wynn Resorts subsidiaries Palo Real Estate and Wynn Macau accepted an amended land concession contract with the Macau Government allowing Wynn Palace in Cotai to add a five-star hotel, theater, and event and entertainment center. Palo must pay a one-time MOP652.3 million, or approximately $80.8 million, land premium and total annual rent of MOP9.5 million, or approximately $1.2 million; the expanded resort must be completed within 60 months, and an additional rent guarantee is required.