According to details outlined in a filing, Wynn Macau and Wynn Resorts on Tuesday signed a revised agreement under which the annual cap for FY23 has been increased to US$115.1 million. The revised cap was calculated, Wynn Macau said, based on the traditional formula, the historical amounts paid by the group for the licensing of Wynn Resort's IPs; the anticipated business and financial performance of the Group for the year ending 31 December 2023; the unaudited operating revenue of the Group for the five months ended 31 May 2023; and the expectation for the recovery of the Macau gaming industry for the year ending 31 December 2023.