Wynn Resorts Macau Receives Gaming Concession Renewal
Wynn Resorts (Nasdaq: WYNN) announced on November 25, 2022 that its Macau subsidiary received a provisional award of a gaming concession from the Macau government. This award is not final and is contingent upon the completion of the formal documentation detailing the terms and conditions. This development is significant as it allows Wynn Resorts to continue its operations in Macau, a vital market for the company. The finalization of this gaming concession will further solidify Wynn's position in the competitive gaming industry in the region.
- Provisional award of a gaming concession improves operational stability in Macau.
- Strengthens Wynn's market position in a critical revenue-generating region.
- Final award is contingent on further documentation, creating uncertainty.
LAS VEGAS, Nov. 25, 2022 /PRNewswire/ -- Wynn Resorts (Nasdaq: WYNN) is pleased to announce that Wynn Resorts Macau received a provisional award of a gaming concession from the Macau government. The ultimate award of the gaming concession contract remains subject to the final documentation of its exact terms and conditions with the Macau government.
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq: WYNN) is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com), and Wynn Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 194,000 square feet of casino space, 21 dining experiences featuring signature chefs and 11 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 155,000 square feet of retail space as well as two theaters, two nightclubs, a beach club and recreation and leisure facilities including Wynn Golf Club, an 18-hole, 128-acre championship golf course.
Encore Boston Harbor is a luxury resort destination featuring a 211,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 16 dining and lounge venues, and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts.
Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People's Republic of China with two luxury hotel towers with a total of 1,010 spacious rooms and suites, approximately 252,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 59,000 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 424,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.
Media Contact:
Michael Weaver
702-770-7501
Michael.weaver@wynnresorts.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/wynn-resorts-macau-receives-gaming-concession-renewal-301687418.html
SOURCE Wynn Resorts
FAQ
What gaming concession was awarded to Wynn Resorts in Macau?
When was the gaming concession awarded to Wynn Resorts?
What does the provisional award mean for Wynn Resorts?
How does this award impact Wynn Resorts' stock (WYNN)?
