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| WYNN > SEC Filings for WYNN > Form 8-K on 2-May-2012 | All Recent SEC Filings |
2-May-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhibits
As previously disclosed in the Current Report on Form 8-K of Wynn Resorts, Limited (the "Registrant"), filed on September 12, 2011 with the Securities and Exchange Commission (the "Commission"), on September 9, 2011, Wynn Macau, Limited ("WML"), an indirect subsidiary of the Registrant with ordinary shares of its common stock listed on The Stock Exchange of Hong Kong Limited, announced that Palo Real Estate Company Limited ("Palo") and Wynn Resorts (Macau) S.A. ("Wynn Macau"), each an indirect subsidiary of the Registrant, formally accepted the terms and conditions of a land concession contract (the "Land Concession Contract") from the government (the "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"). The Land Concession Contract permits Palo and Wynn Macau to develop a resort containing a five-star hotel, gaming areas, retail, entertainment, food and beverage, spa and convention offerings on the Cotai Land.
The Land Concession Contract was published in the official gazette of Macau (the "Gazette") on May 2, 2012. Effective from such publication date, Palo will lease the Cotai Land from the Macau Government for an initial term of 25 years with the right to renew successively 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 foregoing description of the Land Concession Contract is qualified in its entirety by reference to the full English translation of the Land Concession Contract (originally published in the Gazette in traditional Chinese and Portuguese), which is filed as Exhibit 10.1 hereto and incorporated herein by reference. Dollar amounts ($) in the Land Concession Contract refer to Macau Patacas.
(d) Exhibits
10.1 Land Concession Contract, published on May 2, 2012, 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).
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