{"id":31343,"date":"2022-07-01T03:14:44","date_gmt":"2022-07-01T06:14:44","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31343"},"modified":"2026-04-23T07:15:27","modified_gmt":"2026-04-23T10:15:27","slug":"wynn-macau-pays-us74-5m-for-the-right-to-use-wynn-trademark","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-pays-us74-5m-for-the-right-to-use-wynn-trademark","title":{"rendered":"Wynn Macau pays US$74.5m for the right to use \u201cWynn\u201d trademark"},"content":{"rendered":"\n

The licence fee payable by Wynn Macau equals 3 per cent of the intellectual property gross monthly revenues.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Macau<\/strong>\u00a0has reported that it has extended its agreement with Wynn Resorts Holdings LLC to continue using \u201cWynn\u201d related trademarks, copyrights and service marks following the extension of its current casino licence until the end of the year.<\/p>\n\n\n\n

It will pay Wynn Resorts Holdings either 3 per cent of gross monthly revenue or HK$11.7m (US$1.5m) per month, whicever is greater, up to HK$584.8m (US$74.5m) for the year ending December 31.\u00a0The annual cap was determined after arm\u2019s length negotiations between the parties based on the historical amounts paid and anticipated business and financial performance.<\/p>\n\n\n\n

For the years ended 31 December 2019, 2020 and 2021, the amounts paid by Wynn Macau under the Intellectual Property Licence Agreements amounted to HK$1.31m (US$168.2m), HK$309.4m (US$39.9m) and HK$385.2m (US$49.6m), respectively.<\/p>\n\n\n\n

Earlier this month,\u00a0Wynn Macau<\/strong>\u00a0entered into an agreement with its US parent company<\/a>,\u00a0Wynn Resorts Ltd<\/strong>, for a US$500m revolving loan facility.\u00a0Wynn Macau said the loan agreement will support the company\u2019s potential future working capital and other funding needs, if necessary.<\/p>\n\n\n\n

For the first quarter of the year, the company<\/a> reported US$161.2m in net losses<\/strong> and a fall in operating revenues to US$298.4m, down 28.4 per cent when compared to the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The licence fee payable by Wynn Macau equals 3 per cent of the intellectual property gross monthly revenues.<\/p>\n","protected":false},"author":176,"featured_media":21114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau has extended its intellectual property licensing agreement with Wynn Resorts Holdings LLC, agreeing to pay 3% of gross monthly revenue or HK$11.7m, capped at HK$584.8m annually, following its casino license extension. Concurrently, Wynn Macau secured a US$500m revolving loan facility from its parent, Wynn Resorts Ltd, to bolster working capital amidst reported Q1 net losses of US$161.2m and a 28.4% decline in operating revenues.","focusai_entities":"Wynn Macau, Wynn Resorts Holdings LLC, Wynn Resorts Ltd","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"IP Fee Impact","query":"How will the revised intellectual property licensing fee structure and annual cap impact Wynn Macau's EBITDA and net profitability in the current fiscal year, particularly given the Q1 operating losses?"},{"label":"Loan Facility Utilization","query":"What specific operational or capital expenditure needs is the US$500m revolving loan facility intended to address, and what are the covenants associated with this intercompany financing arrangement?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,20777],"class_list":["post-31343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31343"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31343\/revisions"}],"predecessor-version":[{"id":31372,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31343\/revisions\/31372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21114"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}