Summary by Moomoo AI
WYNN MACAU (SHARE CODE: 1128) ANNOUNCED THAT IT WILL SET NEW YEAR LIMITS FOR CERTAIN CONTINUING CONNECTED TRANSACTIONS FOR THE YEARS ENDED DECEMBER 31, 2024, 2025 AND 2026, AS WELL AS ANNUAL LIMITS FOR INTELLECTUAL PROPERTY LICENSING AGREEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024. The Board of Directors has reviewed and confirmed that the new year cap is fair and reasonable and is in the overall interests of the company and its shareholders. WRM, a wholly owned subsidiary of Wynn Macau, is the developer, owner and operator of Macau casino resorts, while WRL Group is primarily engaged in casino gambling operations in the United States. Under Chapter 14A of the Listing Rules, WRL is the controlling shareholder and related party of Wynn Macau. The cap for the new year is set based on a number of considerations, including past transaction amounts, business growth and demand expectations, and employee pay benefits. All transactions are conducted on general business terms or better terms and are in compliance with the reporting, announcement and annual review requirements of the Listing Rules.