WYNN · 10-Q · 2026Q3 · Full report

Wynn Palace Expansion

WYNN RESORTS LTD · 2026-11-05 · Importance null · Surprise 42 · In source text

Wynn is constructing the Enclave at Wynn Palace, a 432-key all-suite hotel tower adjacent to the resort’s east entrance. The project budget is estimated at $900 million to $950 million, inclusive of capitalized interest; construction began in the second half of 2026 and is expected to take 2.5 years. Capital expenditures for the Enclave and other Macau Operations enhancements are expected to total $350 million to $400 million in 2026 and $750 million to $800 million in 2027, with an additional $70 million to $80 million of Macau Operations maintenance capital expenditures expected in 2026.

Key facts

• The Enclave at Wynn Palace project budget is estimated at $900 million to $950 million, inclusive of capitalized interest. source
• In July 2026, Wynn Macau SA and Palo accepted an amended Macau land concession permitting development of a new five-star hotel, theater, and event and entertainment center expanding Wynn Palace; the Macau government allowed a maximum of 60 months from publication of the contract to complete development. source
• Palo paid an additional one-time land premium of MOP652.3 million (approximately $80.8 million) and is required to pay additional annual rent under the amended land concession contract. source
• Wynn Resorts is constructing the Enclave at Wynn Palace, a planned 432-key all-suite hotel tower adjacent to Wynn Palace’s east entrance. source
• Construction of the Enclave at Wynn Palace began in the second half of 2026 and is expected to span 2.5 years. source

Impact estimates