WYNN RESORTS LTD (WYNN) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that WYNN RESORTS LTD surfaced in its latest filing.

• On September 6, 2024, Wynn Las Vegas entered into a non-prosecution agreement with the USAO and the U.S. Department of Justice, resolving the investigation into anti-money laundering policies and procedures, and agreed to forfeit $130 million.2024-09-06
• The attack in Las Vegas on October 1, 2017, which targeted a large public facility, resulted in property shutdowns, reduced travel to the area, and exposes the company to monetary claims.2017-10-01
• Wynn Al Marjan Island is a co-investment in which the company owns a 40% equity interest and has provided a completion guarantee and contingent equity credit support.
• Wynn Macau SA is a party to the Gaming Concession Contract, currently in its fourth year, which the Macau government may rescind under certain circumstances or redeem beginning in the eighth year.
• As of December 31, 2025, the company had total outstanding debt of approximately $10.63 billion, with restrictive covenants including minimum interest coverage and leverage ratios.
• As of December 31, 2025, Wynn Resorts owned approximately 72% of Wynn Macau, Limited's ordinary shares.
• As of December 31, 2025, trusts created by Elaine P. Wynn owned approximately 9.12% of outstanding common stock, and the company is party to a Cooperation Agreement with her.
• The Macau Smoking Prevention and Tobacco Control Law, effective January 1, 2019, restricts smoking in casinos to authorized segregated smoking lounges, with potential future full ban.2019-01-01
• Contamination has been identified at and in the vicinity of sites in Everett, Massachusetts, and the company may be required to conduct additional investigations and remediation.
• As of December 31, 2025, the company is approved to operate 570 gaming tables and 1,100 gaming machines at its Macau Operations.