Cotai is the new face of Macau. There is plenty of room and it was inevitable that the majority of expansion in the foreseeable future was going to happen there. The Venetian, City of Dreams and Galaxy Macau are all flagship casinos of their respective companies and are all based in Cotai. That leaves Wynn, MGM and Grand Lisboa as the only flagships left in “the old Macau”.
Wynn has recently announced that Wynn Resorts Ltd and its Macau subsidiary will open their new casino in Cotai midway through 2016. Leighton Contractors (Asia) Ltd have signed a construction contract to build the new project. There are reports the whole resort (including the land) will cost in the vicinity of HK$30 billion. You would expect for that kind of money that it is going to be mightily impressive.
There is an eight-acre lake planned in front of the hotel that will include a dancing light feature. Steven Wynn, who is both Chairman and Chief Executive of Wynn Resorts Ltd, may be taking his biggest gamble yet on this venture but he is a man that is used to turning dreams into successful reality.
The hotel’s high end gaming and restaurants will all be placed on the water which will make this one of the most pleasant places to play and dine in Macau. Steve Wynn explained simply “the theme of this hotel is flowers”. This takes Wynn back to his original Las Vegas template, which also revolves around water and flowers.
We might have to wait three years but I can promise you the final result will be an amazing display of resort style opulence. That’s just how Steve Wynn rolls.