---
schema_version: "secwatch.filing_event.v1"
accession: "0001174922-22-000158"
form_type: "8-K"
ticker: "WYNN"
cik: "0001174922"
company_name: "WYNN RESORTS LTD"
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T10:38:18.112929+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Wynn completes $1.7B Encore Boston Harbor sale-leaseback with Realty Income

## Summary
- Sale price of $1.7B in cash; cash cap rate of 5.9%.
- Net proceeds boost global liquidity to $4.4B.
- Triple net lease initial annual rent $100M, 30-year term plus 30-year renewal.
- Rent escalates 1.75% for first 10 years, then greater of 1.75% or CPI (capped at 2.5%).
- All necessary regulatory approvals obtained for the transaction.

## SEC filing metadata
- accession: 0001174922-22-000158
- form_type: 8-K
- ticker: WYNN
- cik: 0001174922
- company_name: WYNN RESORTS LTD
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/0001174922-22-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/wynn-20221201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174922-22-000158
- JSON: https://secwatch.observer/filing/0001174922-22-000158.json
- Plain text: https://secwatch.observer/filing/0001174922-22-000158.txt

## Key facts
- M&A Transactions
  WYNN RESORTS LTD completed a disposition involving Realty Income Corporation (through its wholly owned subsidiary MDC Encore Holdings, LLC) for $1,700,000,000 (closed 2022-12-01).
  - Action: disposition
  - Counterparty: Realty Income Corporation (through its wholly owned subsidiary MDC Encore Holdings, LLC)
  - Consideration: $1,700,000,000
  - Closing: 2022-12-01
  source text: The transactions contemplated by the Equity Purchase Agreement closed on December 1, 2022 (the “Closing Date”), as a result of which, among other things, Wynn MA and certain other subsidiaries of WRL (i) effected a transfer of certain real estate assets related to the Encore Boston Harbor integrated resort (such real estate assets, the “Property”) for $1,700,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/0001174922-22-000158-index.htm
- Material Agreements
  WYNN RESORTS LTD entered into Lease valued at $100 million.
  - Action: entry
  - Agreement: lease
  - Value: $100 million
  source text: Concurrently with the closing of the transactions contemplated by the Equity Purchase Agreement, on the Closing Date, Wynn MA and Everett Property, LLC, a Massachusetts limited liability company and indirect, wholly owned subsidiary of WRL (collectively, in such capacity, the “Tenant”), entered into the Lease with the Landlord with respect to the Property.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/0001174922-22-000158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.