December 14, 2017 / 6:12 AM / 7 months ago

BRIEF-Wynn Resorts Says Reached Agreement To Purchase Land From Wynn Las Vegas For $336 Mln

Dec 14 (Reuters) - Wynn Resorts Ltd:

* WYNN RESORTS REACHES AGREEMENT TO PURCHASE LAND ACROSS FROM WYNN LAS VEGAS FOR FUTURE DEVELOPMENT

* ‍HAS REACHED AN AGREEMENT TO PURCHASE APPROXIMATELY 38 ACRES OF LAND ON LAS VEGAS STRIP DIRECTLY ACROSS FROM WYNN LAS VEGAS​

* SAYS PURCHASE PRICE OF $336 MILLION

* WYNN RESORTS- ‍AGREEMENT COMPLETES AN ASSEMBLY OF CONTIGUOUS REAL ESTATE OF ABOUT 280 ACRES

* ‍AVERAGE COST OF FULL ASSEMBLY OF 280 ACRES IS LESS THAN $3 MILLION PER ACRE​ Source text for Eikon: Further company coverage: ( Bangalore.newsroom@thomsonreuters.com )

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