Wynn Resorts (Nasdaq: WYNN) to expand Wynn Palace on Macau Cotai land
Rhea-AI Filing Summary
Wynn Resorts, Limited, through its indirect subsidiaries Palo Real Estate Company Limited and Wynn Resorts (Macau) S.A., accepted an amended and restated land concession contract with the Macau Government for approximately 51 acres of Cotai Land, permitting expansion of Wynn Palace with a new five-star hotel, theatre and event and entertainment centre.
Under the amended contract, Palo will pay an additional land premium of MOP652,305,500 (approximately US$80,803,882) as a one-time lump sum from available cash and a total annual rent of MOP9,480,370 (approximately US$1,174,374), subject to five-year reviews. Palo must also provide a guarantee equal to the annual rent, and has up to 60 months from publication to complete the Expanded Resort.
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8-K Event Classification
3 items: 1.01, 7.01, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Additional land premium: MOP652,305,500 (approximately US$80,803,882)
Total annual rent for Expanded Resort: MOP9,480,370 (approximately US$1,174,374)
Cotai Land area: approximately 51 acres
+2 more
5 metrics
Additional land premium
MOP652,305,500 (approximately US$80,803,882)
One-time lump sum payable upon acceptance of Amended Land Concession Contract
Total annual rent for Expanded Resort
MOP9,480,370 (approximately US$1,174,374)
Total annual rent under the Amended Land Concession Contract, reviewable every five years
Cotai Land area
approximately 51 acres
Land in the Cotai area of Macau leased under the land concession
Lease term
25 years
Initial lease term from 2 May 2012 until 1 May 2037 for the Cotai Land
Development deadline
60 months
Maximum period from publication of the Amended Land Concession Contract to complete the Expanded Resort
Key Terms
Amended Land Concession Contract, gaming concessionaire, bank guarantee
3 terms
Amended Land Concession Contract regulatory
"published in the Official Gazette of Macau the amended and restated land concession contract"
gaming concessionaire regulatory
"requires that Wynn Macau, as a gaming concessionaire, operate and manage gaming operations"
bank guarantee financial
"an additional guarantee by means of a deposit or bank guarantee for an amount equal"
A bank guarantee is a bank’s promise to pay a third party if a customer fails to meet a financial or contractual obligation, acting like a trusted cosigner or insurance policy. For investors, it lowers the risk that a counterparty will default and can make deals or loans more attractive, but it also creates potential contingent liabilities and fees that can affect a company’s credit profile and cash flow.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Wynn Resorts (WYNN) announce regarding its Macau Cotai land?
Wynn Resorts announced an amended and restated land concession contract for its approximately 51 acres of Cotai Land, allowing expansion of Wynn Palace with a new five-star hotel, theatre, and event and entertainment centre under updated payment and development terms.
What payments must Wynn Resorts’ subsidiaries make under the amended Macau land contract for WYNN?
Palo must pay an additional land premium of MOP652,305,500 (about US$80.8 million) as a one-time lump sum from available cash and total annual rent of MOP9,480,370 (about US$1.17 million), with rent subject to review every five years.
What is the development timeline for the Expanded Resort in Macau for Wynn Resorts (WYNN)?
Palo has up to 60 months from the publication date of the Amended Land Concession Contract in the Official Gazette of Macau to complete development of the Expanded Resort on the Cotai Land, including the new five-star hotel, theatre and event and entertainment centre.
How large is the Cotai Land covered by Wynn Resorts’ (WYNN) amended concession?
The land concession covers approximately 51 acres in the Cotai area of Macau. Palo leases this land from the Macau Government for an initial 25-year term from 2 May 2012 to 1 May 2037, with rights to renew subject to applicable legislation.
What guarantees are required under Wynn Resorts’ (WYNN) amended Macau land concession?
Palo must provide the Macau Government with an additional guarantee by deposit or bank guarantee equal to the annual rent payable under the Amended Land Concession Contract, complementing the lump-sum land premium and ongoing annual rent obligations for the Expanded Resort.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 21, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
(702 ) 770-7555
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. | ||||
On July 21, 2026 (July 22, 2026 Hong Kong time), the Macau Special Administrative Region of the People’s Republic of China (the “Macau Government”) published in the Official Gazette of Macau an amended and restated land concession contract accepted by Palo Real Estate Company Limited ("Palo") and Wynn Resorts (Macau) S.A. ("Wynn Macau"), each an indirect subsidiary of Wynn Resorts, Limited (the "Registrant") (the “Amended Land Concession Contract”). The Amended Land Concession Contract amends and restates the original land concession contract among Palo, Wynn Macau and the Macau Government published in the Official Gazette of Macau on May 2, 2012 (the “Land Concession Contract”).
Pursuant to the Land Concession Contract, Palo leases 51 acres of land in the Cotai area of Macau (the “Cotai Land”) from the Macau Government for an initial term of 25 years from May 2, 2012 until May 1, 2037, with the right to renew for additional periods, subject to applicable legislation. The Land Concession Contract also requires that Wynn Macau, as a gaming concessionaire, operate and manage gaming operations on the Cotai Land.
The Amended Land Concession Contract permits Palo and Wynn Macau to expand Wynn Palace to develop a new five-star hotel, a theater and an event and entertainment center on the Cotai Land (the “Expanded Resort”). The Macau Government has allocated Palo a maximum of 60 months from the date of publication of the Amended Land Concession Contract to complete development of the Expanded Resort on the Cotai Land. Palo is required to pay the Macau Government an additional land premium of MOP652.3 million (approximately $80.8 million) as a one-time lump sum payment upon Palo’s acceptance of the conditions of the Amended Land Concession Contract. Palo is also required to pay an additional annual rent to the Macau Government, resulting in a total annual rent of MOP9.5 million (approximately $1.2 million) for the Expanded Resort. The rent for the Expanded Resort may be reviewed by the Macau Government every five years since the date of publication of the Amended Land Concession Contract. Palo must also provide the Macau Government with an additional guarantee by means of a deposit or bank guarantee for an amount equal to the annual rent payable under the Amended Land Concession Contract.
| Item 7.01 | Regulation FD Disclosure. | ||||
On July 21, 2026 (July 22, 2026 Hong Kong time), Wynn Macau, Limited ("WML"), an indirect subsidiary of the Registrant with its ordinary shares of common stock listed on The Stock Exchange of Hong Kong Limited (the "HKSE"), filed with the HKSE an announcement that the Macau Government published the Amended Land Concession Contract in the Official Gazette of Macau (the "Announcement"). The Announcement is furnished herewith as Exhibit 99.1.
The information furnished pursuant to this Item 7.01 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d)Exhibits.
| Exhibit No. | Description | ||||
| 10.1 | First Amendment to the Land Concession Contract, published on July 22, 2026, by and among Palo Real Estate Company Limited, Wynn Resorts (Macau), S.A. and the Macau Special Administrative Region of the People's Republic of China (translated to English from traditional Chinese and Portuguese). | ||||
| 99.1 | Announcement of Wynn Macau, Limited with respect to the Amended Land Concession Contract. | ||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WYNN RESORTS, LIMITED | ||||||||||||||
| Dated: July 22, 2026 | By: | /s/ Craig J. Fullalove | ||||||||||||
| Craig J. Fullalove | ||||||||||||||
| Chief Financial Officer | ||||||||||||||
1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1128) VOLUNTARY ANNOUNCEMENT AMENDMENT OF LAND CONCESSION CONTRACT FROM THE MACAU GOVERNMENT IN RESPECT OF THE COTAI LAND For illustrative purposes only, this announcement contains currency conversions from Macau Patacas (MOP) to Hong Kong dollars (HK$) and United States dollars (US$) at the rates of HK$1 = MOP1.03 and US$1 = MOP8.0727. Reference is made to the announcements of Wynn Macau, Limited (“we” or the “Company”) dated 12 September 2011 and 2 May 2012, respectively, in relation to the discloseable transaction regarding (i) the acceptance of the land concession contract (the “Land Concession Contract”) by Palo Real Estate Company Limited (“Palo”) and Wynn Resorts (Macau) S.A. (“Wynn Macau”), each being a wholly-owned indirect subsidiary of the Company, from the government (“Macau Government”) of the Macau Special Administrative Region of the People’s Republic of China (“Macau”) in respect of approximately 51 acres of land in the Cotai area of Macau (the “Cotai Land”) and (ii) the publication of the Land Concession Contract in the Official Gazette of Macau. Pursuant to the Land Concession Contract, Palo will lease the Cotai Land from the Macau Government for an initial term of 25 years from 2 May 2012 until 1 May 2037, with the right to successively renew the Land Concession Contract for additional periods, subject to applicable legislation. The Land Concession Contract also requires that Wynn Macau, as a gaming concessionaire, operate and manage gaming operations on the Cotai Land. The board of directors (the “Board”) of the Company is pleased to announce that, on 22 July 2026, the Macau Government published in the Official Gazette of Macau the amended and restated land concession contract accepted by Palo and Wynn Macau (the “Amended Land Concession Contract”), which amends and replaces the existing Land Concession Contract in its entirety. The Amended Land Concession Contract permits Palo and Wynn Macau to expand Wynn Palace to develop a new five-star hotel, a theatre and an event and entertainment centre on the Cotai Land (the “Expanded Resort”). The Macau Government has allocated Palo a maximum of 60 months from the date of publication of the Amended Land Concession Contract on the Official Gazette of Macau to complete development of the Expanded Resort on the Cotai Land. Exhibit 99.1
2 Pursuant to the Amended Land Concession Contract, Palo is required to pay the Macau Government an additional land premium of MOP652,305,500 (approximately HK$633,306,311 or US$80,803,882) as a one-time lump sum payment upon Palo’s acceptance of the conditions of the Amended Land Concession Contract. Such additional land premium is satisfied out of available cash. In accordance with the Amended Land Concession Contract, Palo is also required to pay an additional annual rent to the Macau Government, resulting a total annual rent of MOP9,480,370 (approximately HK$9,204,243 or US$1,174,374) for the Expanded Resort. The rent for the Expanded Resort may be reviewed by the Macau Government every five years since the date of publication of the Amended Land Concession Contract on the Official Gazette of Macau. Palo must also provide the Macau Government with an additional guarantee by means of a deposit or bank guarantee for an amount equal to the annual rent payable under the Amended Land Concession Contract. By order of the Board Wynn Macau, Limited Dr. Allan Zeman Chairman Hong Kong, 22 July 2026 As at the date of this announcement, the Board comprises Craig S. Billings and Frederic Jean-Luc Luvisutto (as Executive Directors); Linda Chen (as Executive Director and Vice Chairman); Jacqui Krum and Julie M. Cameron-Doe (as Non-Executive Directors); Allan Zeman (as Independent Non-Executive Director and Chairman); and Lam Kin Fung Jeffrey, Bruce Rockowitz, Nicholas Sallnow-Smith and Leah Dawn Xiaowei Ye (as Independent Non-Executive Directors). * For identification purposes only.