Major gambling operator Wynn Resorts and its Macau-based subsidiary Wynn Macau confirmed today that the much-anticipated opening of Wynn Palace is scheduled to take place on August 22. The $4.1-billion luxury integrated casino resort is to be launched after multiple delays in the project’s completion.
Wynn Palace will be Wynn Resorts’ first gambling venue to be located on Macau’s Cotai Strip, which has been referred to as the Asian equivalent of the Las Vegas Strip. The property was initially scheduled to open doors on March 25, 2016. However, that original plan was dropped late last year due to construction delays.
The casino complex was then slated to be launched on June 25, 2016. As it seems, that deadline, too, could not be met by the general contractor. According to the latest information released, construction work is to be completed in July and after the necessary staff training courses are carried out, the venue is likely to open doors for guests toward the end of August.
Wynn Resorts said in a statement from today that it hopes Wynn Palace will help Macau enter “a new era of prosperity,” drawing the attention of more international visitors and supporting its development not only into the world’s biggest gambling hub but also into a tourism and leisure center.
Given Wynn Resorts’ founder Steve Wynn’s reputation of a true visionary and innovator, there is no doubt that Wynn Palace will be yet another elegant and luxury property to complement the gambling operator’s offering.
Apart from a spacious casino floor with numerous gambling options, the integrated resort would also feature a variety of food and beverage, entertainment, and retail options, as well as a 1,700-room hotel in a bid to attract as many international visitors as possible. An 8-acre performance lake would surround the large complex and guests will be transported to its premises via specially designed SkyCabs.
Wynn Resorts expects that by offering a wider variety of non-gambling options at its new resort, it would boost the performance of its Macau-based subsidiary. The major gambling operator posted revenue of $997.7 million for the first quarter of 2016, down from the $1.09 billion generated during the same three months of 2015. The drop was mainly attributed to a 13.8% decrease in the company’s Macau operations.
