Wynn Macau (HK:1128) has released an update.
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Wynn Macau has entered into new intellectual property license agreements with Wynn NKH, LLC, replacing previous agreements with WRL and Wynn Resorts Holdings. The new agreements, effective from January 2025, maintain similar terms, including a fee structure based on either a percentage of gross monthly revenues or a fixed monthly amount, ensuring continuity in the company’s use of intellectual properties. This move is part of an internal licensing arrangement within the WRL Group, with financial commitments remaining unchanged for the year.
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