Wynn To Start Construction On New Macau Casino
Property Would Be His Second Full-Scale Casino There
Steve Wynn’s casino empire is about to expand, as the chairman and CEO of Wynn Resorts Ltd. announced in a recent conference call with analysts that construction on a new property in Macau will begin this week, the Las Vegas Review-Journal reported Thursday.
The project calls for a $4 billion resort casino dubbed Wynn Cotai, which will take three years to lift from the ground in the former Portuguese colony. Macau is the top gambling market in the world, far outpacing a slowly recovering Las Vegas Strip.
Wynn already owns gambling operations on the Cotai Strip. His Wynn Macau opened in 2006, while an expansion for it — the Encore — opened four years later.
Plans for a second full-scale Macau casino originally called for a $2.5 billion investment.
Wynn also recently received a favorable decision in a civil suit over a $135 million donation made to the University of Macau’s Development Foundation in 2011.
Wynn Resorts competes with Las Vegas Sands Corp. and MGM Resorts International for gamblers willing to dust off large sums of money in the region.
|1||Portland Asks Poker Rooms To Have Players Deal|
|2||Holz Wins 2016 EPT Barcelona €50k High Roller|
|3||WSOP Announces 2016 ESPN Television Schedule|
|4||Poker Player Accuses Preet Bharara Of Racism|
|5||PokerStars Rebrands Live Events Starting In 2017|
|6||Poker Strategy With Ed Miller: When Limping Is Good|
|7||Revel Owner Looking To Abandon Reopening Plans|
|8||PPA, PokerStars Opposing CA Web Poker Bill|
|9||Poker Hand of the Week: What's Your Play?|
|10||A Poker Life: Harrison Gimbel|
|1||Police Raid Phoenix $2-$5 No-Limit Hold'em Game|
|2||Marcel Luske Accuses PokerStars Of Fraud|
|3||Trump Picks Poker-Playing Billionaire As Adviser|
|4||Brunson Says He Was Intended Victim Of Robbery|
|5||Damon Says 'Rounders 2' Would Be About I-Poker|
|6||Mercier Appears On 'The Dan Le Batard Show'|
|7||Portland Asks Poker Rooms To Have Players Deal|
|8||Holz Wins 2016 EPT Barcelona €50k High Roller|
|9||Jason Koon Wins 2016 SHRPO Championship Event|
|10||Gambler Has Sweat After Putting $10,000 On Team USA|