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Wynn Macau commits MOP1.37B to Macau government fund for gaming concession obligations
WYNNWynn Resorts Ltd
Wynn Resorts' indirect subsidiary, Wynn Macau Limited, filed an announcement with the Hong Kong Stock Exchange stating that its operating unit, Wynn Macau S.A., entered into a subscription agreement to commit up to MOP1,365,030,000 (approximately $170 million USD) to the Macau SAR Government Guidance Fund No. 2, Limited Partnership Fund. This capital investment constitutes non-gaming investment and is applied towards Wynn Macau's committed investment obligations under its gaming concession contract with the Macau government dated December 16, 2022. The filing serves as a disclosure of this strategic capital commitment to satisfy regulatory requirements associated with maintaining its gaming license in the region. Wynn Resorts Limited operates luxury integrated resorts and casinos primarily in Las Vegas, Macau, and Japan.