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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

Wynn expects early completion of Cotai resort


Posted: 7/31/2013 12:32:41 PM
Rating:     100% (1 votes)
  

Wynn Macau Ltd’s chief executive Steve Wynn says the company will open its first casino resort in Cotai in the first quarter of 2016, a year earlier than expected by some analysts.

The new resort will be called Wynn Palace, Mr Wynn told an earnings briefing.

“The theme of this hotel is flowers, floral things. The use of flowers, of water and natural light… has been taken to a new level for our company,” Mr Wynn said.

Wynn Macau Ltd is also renovating its existing Macau property. The renovation is scheduled to be completed by the end of this year.



Other Macau Latest News

Macau Foundation hands out MOP510 mln in Q2

Educational foundations get the lion’s share for facilities or scholarships

Macau H1 hotel guests increase 1 pct to 5.3 mln

But June guests decrease 4 pct, reducing hotel occupancy rate to 86 pct

H1 cross-border trade drops 7.2 pct to US$1.66 bln

Despite 6.9 pct rise in value of June’s mainland-Macau trade to US$290 mln

June motorcycle sales rise 57 pct to 907

Over half the motor vehicles newly registered that month were motorbikes
Headlines

Wynn Resorts boss says Wynn Palace to open on time

Steve Wynn aims to open the Cotai casino-resort at Lunar New Year in 2016

Wynn Resorts Q2 EBITDA in Macau US$307 mln

Casino operator’s VIP business dips while its mass-market business leaps

Nomura detects strong mass-market gaming trends

But thinks below-average win rate curbed VIP revenue in week ended July 27

Academic sceptical about economic diversification

Macau Polytechnic Institute teacher says city too small for greater variety

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