The 4.2 Billion US Dollar Resort Is Located In Cotia, Macau
The United States casino operator Wynn Resorts has opened a brand new resort going by the name of Wynn Palace in the autonomous territory of Macua, which is said to of come with a construction and implementation cost of close to US 4.2 billion dollars.
Located in the popular tourist area of Cotai, the new resort features 1,706 rooms, suites and villas, along with a range of dining and leisure facilities which include a luxury shopping mall, spa, eight-acre lake and water fountain installation.
Additional visual extras include floral sculptures and more than US $125 million dollars of decorative and fine artworks which sit alongside Wynn’s own gambling facilities.
The opening of the new venue is sure to turn heads in the gambling mecca and an initial boost to Wynn’s Macau operations revenue is likely from the arrival of the new resort.
In August of this year Wynn revealed that their financial results for the region were on the improve with revenue up 5% year-on-year to US 609.8 million dollars.
Wynn Palace joins the Wynn Macau Resort and the Encore at Wynn Macau as other high profile properties that Wynn is currently operating in the world famous gambling territory of Macau.
Comment From Wynn Resorts
Mr Steve Wynn, who acts in the role of Chairman and Chief Executive Officer at Wynn Resorts, spoke proudly of the new venture which he says will attract more tourists to Macau along with launching a new era of prosperity for the gambling capital.
Mr Wynn also sees the resort as a gift to the gambling community as well as the general public and he expects that the Wynn Palace will be a unique addition to the environment that will unlikely to be replicated or added to in the near future.