Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Friday, June 24 2022 - 02:15
Wynn Resorts (Macau) S.A. and Macau SAR Government Enter into Concession Extension Agreement
MACAU, June 23, 2022 /PRNewswire-AsiaNet/ --

- Gaming concession extended to December 31, 2022

Wynn Resorts (Macau) S.A. (hereafter referred to as Wynn) is pleased to 
announce that it has entered into the Concession Extension Agreement with the 
Macau SAR Government, to extend the gaming concession of Wynn from June 26, 
2022 to December 31, 2022.

Wynn would like to express its sincere gratitude to the Government for its 
guidance during the Concession Extension Agreement process. Wynn believes that 
this extension will enable it to make continued contributions to the future 
development of Macau and the local community. We look forward to the 
announcement of the requirements and details of the public tender process for 
the new gaming concessions and will liaise closely with the government to make 
thorough preparations for active participation in the bidding.

The approval of the Gaming Law Amendment Act has laid an essential long-term 
foundation to facilitate the orderly, healthy, and sustainable development of 
the industry. In addition to adhering to the relevant requirements of the Act, 
Wynn will continue to fulfil its social responsibilities and fully support the 
Government in promoting the moderate diversification of Macau's economic 
development, enhancing its competitiveness in integrated leisure and tourism, 
and further strengthening its profile among international tourists. Wynn will 
also actively cooperate with the Government to enrich the development of Macau 
as a world center of tourism and leisure.

In accordance with the terms of the Concession Extension Contract, Wynn has 
paid to the Macau SAR Government MOP47 million (equivalent to approximately 
HKD45.6 million) upon signing of the Concession Extension Agreement as contract 
premium for the extension. For further details of the extension, please see the 
announcement published on the website of the Hong Kong Stock Exchange at

SOURCE  Wynn Resorts (Macau) S.A.