According to intellectual property (IP) license agreements established in 2009, the fee that the Macau operation must pay to
Wynn Resorts Holdings LLC will be either the greater of 3 percent of the Macau business’s gross monthly intellectual property revenues or US$1.5 million per month.
The annual fee cap for 2025 was disclosed in a recent filing with the Hong Kong Stock Exchange.
For 2024, IP payments are capped at HK$1.09 billion ($140 million). In 2021 and 2022, the actual amounts paid by Wynn Macau and its units under the intellectual property arrangements were $49.6 million and $25.2 million, respectively.