Item 2. Properties
Item 2. Properties
The following table presents our significant land holdings. We own or have obtained the right to use these properties. We also own or lease various other improved and unimproved properties which may be used for development projects.
Property Approximate Acres Location
Macau Operations (1)
Wynn Palace 51 Located in the Cotai area of Macau.
Wynn Macau 16 Located in downtown Macau's inner harbor.
67
Las Vegas Operations
Wynn Las Vegas (main parcel) 75 Located at the intersection of Las Vegas Boulevard and Sands Avenue.
Golf course land (2)
128 Located adjacent to Wynn Las Vegas.
Meeting and Convention Expansion 12 Located adjacent to Wynn Las Vegas.
Employee parking lot and office building 18 Located across Sands Avenue.
Office building 5 Located adjacent to golf course land.
238
Encore Boston Harbor 34 Located in Everett, Massachusetts, adjacent to Boston along the Mystic River.
Other (3)
54 Located in Las Vegas, Nevada, and Everett, Massachusetts.
(1) The government of Macau owns most of the land in Macau. In most cases, private interests in real property located in Macau are obtained through long-term leases known as concessions and other grants of rights to use land from the government. Wynn Palace and Wynn Macau are built on land leased under land concession contracts each with terms of 25 years from May 2012 and August 2004, respectively, which may be renewed with government approval for successive periods.
(2) We own approximately 834 acre-feet of permitted and certificated water rights, which we use to irrigate the golf course. We also own approximately 151.5 acre-feet of permitted and certificated water rights for commercial use. There are significant cost savings and conservation benefits associated with using water supplied pursuant to our water rights.
(3) Includes approximately 38 acres of land on the Las Vegas Strip directly across from Wynn Las Vegas, and approximately 16 acres of land adjacent to Encore Boston Harbor in Everett, Massachusetts. This land may be used for future development.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.