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Wynn Macau ( (HK:1128) ) has issued an announcement.
Wynn Macau has set new annual caps for transactions under its Compliance Services Framework Agreement for the financial years ending 31 December 2026, 2027 and 2028, governing how it engages Wynn Resorts (Macau) Limited (WRL) to provide compliance-related services linked to its Macau gaming concession. Under the agreement, in place since March 2023 and automatically renewable subject to Hong Kong listing rules, WRL will continue to support the group with financial planning for concession-related obligations, project management, government liaison, capital markets strategy, branding, public relations, and non-gaming event programming aimed at boosting tourism and broader economic activity. The services are charged strictly on a cost-reimbursement basis without mark-up, with detailed evidence required for all expenses, indicating a structured, arms-length framework to manage ongoing compliance and diversification requirements tied to the gaming concession and potentially providing cost transparency and governance comfort to shareholders and regulators.
The most recent analyst rating on (HK:1128) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.
More about Wynn Macau
Wynn Macau is a Hong Kong–listed gaming and hospitality operator that holds a Macau gaming concession and runs integrated resort properties focused on casino gaming, entertainment, tourism, and related non-gaming services. Through subsidiaries, the group targets both gaming and non-gaming tourism segments, including foreign visitors and convention, entertainment, and retail customers in Macau.
Average Trading Volume: 8,938,132
Technical Sentiment Signal: Sell
Current Market Cap: HK$31.44B
Learn more about 1128 stock on TipRanks’ Stock Analysis page.