THE MACAU government has finally approved Wynn Resorts’ Cotai land concession contract, paving the way for the company to begin construction on its second integrated resort in the SAR.
Stephen A. Wynn, chairman and CEO of Wynn Resorts said in a statement: “The official transfer of real estate in Cotai makes possible the commencement of the construction phase, of what will be the single most important project in the history of Wynn Resorts.”
Expected to open by 2016, the US$2.5 billion integrated resort will be located on a 20.6-hectare plot of reclaimed swampland on the Cotai Strip, and will incorporate a five-star hotel with 1,500-1,600 rooms, and a casino with 500 gaming tables and 1,300 slot machines.
The resort will also feature a spa, a range of F&B and retail outlets, and entertainment and convention facilities.
Wynn’s new resort will compete with several rivals on the Cotai Strip, including the recently opened Galaxy Macau and Sands Cotai Central, and the Venetian Macao.
