secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001174922-24-000057
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn Macau (72% owned by WYNN) swings to 2023 profit of HK$1.17B; revenue surges 333%
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- Casino revenues HK$19.1B vs HK$3.7B in 2022; Adjusted EBITDA HK$6.62B vs -HK$1.95B.
- EPS basic HK$0.22 vs -HK$1.41; profit attributable to owners HK$1.17B vs -HK$7.34B loss.
- Macau market-wide GGR HK$177.73B in 2023 (+333.8% YoY) triggered 20% increase in non-gaming investment commitment.
- WRM now required to invest additional MOP3.30B in non-gaming projects over remaining 9-year concession.
- 10-year concession from Jan 2023 through Dec 2032; MOP17.73B total investment commitment (non-gaming MOP16.5B plus gaming).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492224000057/0001174922-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492224000057/wynn-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001174922-24-000057

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