Wynn Resorts subsidiary secures amended Macau land concession for Wynn Palace expansion

WYNN RESORTS LTD

Amended land concession allows expansion of Wynn Palace with new five-star hotel, theater, and event center.
One-time additional land premium of MOP652.3M (~$80.8M) payable upon acceptance.
Total annual rent for expanded resort increases to MOP9.5M (~$1.2M), subject to five-year reviews.
Development must be completed within 60 months from July 22, 2026.
Additional guarantee required equal to annual rent.

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