{"id":777021387,"date":"2024-12-10T09:03:19","date_gmt":"2024-12-10T12:03:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021387"},"modified":"2026-04-22T03:25:47","modified_gmt":"2026-04-22T06:25:47","slug":"wynn-macau-agrees-fee-for-trademark-use-in-2025","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-agrees-fee-for-trademark-use-in-2025","title":{"rendered":"Wynn Macau agrees fee for trademark use in 2025"},"content":{"rendered":"\n

The casino operator pays for the right to use Wynn-related trademarks, copyrights, and service marks.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Wynn Macau and its gaming licence entity, Wynn Resorts (Macau)<\/strong>, are to pay US-based parent company Wynn Resorts HK$1.17bn (US$150m) for the use of Wynn trademarks, copyrights and service marks in 2025. <\/p>\n\n\n\n

According to an agreement signed on September 19, 2009,\u00a0Wynn Macau must pay either 3 per cent<\/strong> of the Macau business\u2019s intellectual property gross monthly revenues\u00a0or HK$11.7m (US$1.5m) per month<\/strong>, depending on which sum is greater.\u00a0<\/p>\n\n\n\n

The intellectual property licence agreements have a perpetual term but may be terminated if Wynn Resorts ceases to have the right to exercise more than 50 per cent of voting rights, if there is a material breach of terms, if there is a suspension or revocation of gaming licences, or if Wynn Resorts Holdings deems its subsidiary to jeopardise any gaming licences or gaming business.<\/p>\n\n\n\n

Wynn Macau\u00a0paid US$49.6m and US$25.2m in 2021 and 2022<\/a>, respectively. The cap for 2023 was set at US$115.1m and for 2024 at US$140m.<\/p>\n\n\n\n

Moody\u2019s upgrades Wynn Macau outlook<\/h2>\n\n\n\n

Moody<\/strong>\u2019s has announced that it has updated the outlook of Wynn Macau <\/strong>and its parent, Wynn Resorts Finance<\/strong>, from stable to positive. The agency also affirmed a B1 rating for senior unsecured notes.<\/p>\n\n\n\n

The institution said the confirmation of the rating and the positive outlook indicates its expectation of enhanced leverage for Wynn Resorts Finance within the mid 5x debt\/EBITDA range for 2024 bolstered by the recovery of Macau\u2019s gaming market and strong performance at Las Vegas and Encore Boston Harbor in the United States, contributing to revenue and EBITDA growth.<\/p>\n\n\n\n

The rating agency said the outlook reflects a recent reduction in debt<\/strong> and its belief that the company will sustain solid liquidity backed by substantial cash reserves. It assigned a B1 corporate family rating to Wynn Resorts Finance.<\/p>\n\n\n\n

A primary credit concern is that revenue and cash flow are \u201cheavily reliant\u201d on Macau operations. The rating agency said Wynn will seek additional large resort development opportunities globally, such as its project in the United Arab Emirates. Consequently, the company\u2019s leverage may occasionally rise due to debt-financed developments.<\/p>\n\n\n\n

See also:<\/strong> Wynn Al Marjan Island: 55% of structural concrete complete<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The casino operator pays for the right to use Wynn-related trademarks, copyrights, and service marks.<\/p>\n","protected":false},"author":176,"featured_media":25750,"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 will pay its US-based parent company, Wynn Resorts, US$150m in 2025 for trademark usage, based on a perpetual intellectual property licensing agreement. Concurrently, Moody's has upgraded Wynn Macau's outlook from stable to positive, affirming its B1 rating, citing Macau's gaming market recovery, strong US performance, and improved leverage metrics.","focusai_entities":"Wynn Macau, Wynn Resorts (Macau), Wynn Resorts, Wynn Resorts Holdings, Moody's, Wynn Resorts Finance","focusai_location":"Macau, United States, Las Vegas, Boston Harbor, United Arab Emirates","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.92)","focusai_suggestions":[{"label":"IP Fee Impact Analysis","query":"How will the increased US$150m IP fee for 2025 impact Wynn Macau's Net Gaming Revenue (NGR) and EBITDA margins, considering the ongoing recovery trajectory of the Macau gaming market?"},{"label":"Leverage & Debt Strategy","query":"What specific debt reduction initiatives and capital allocation strategies has Wynn Resorts Finance implemented to achieve the 'mid 5x debt\/EBITDA range' for 2024, and how sustainable is this given potential debt-financed global resort developments?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777021387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021387","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=777021387"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021387\/revisions"}],"predecessor-version":[{"id":777021408,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021387\/revisions\/777021408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25750"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}