Wynn Palace
Wynn Palace, owned by Wynn Resorts, is going to be the second luxury integrated resort of Wynn in Macau, People's Republic of China, and the company's first resort at Cotai Strip. It is scheduled to open in early 2016.[1] The first resort complex is called Wynn Macau.
Development
On 16 May 2011, the chairman and chief executive officer (CEO) of Wynn Resorts, Steve Wynn, is expecting the Macau government to approve its application for a Cotai site shortly. Wynn's new project on the Cotai Strip is expected to cost over MOP 20 billion. On 1 May 2012, Wynn Macau received approval from the Macau government for its Cotai land concession, paving the way for Wynn Macau to break ground on the 51-acre site.[2]
In May 2012, Wynn Resorts got granted a formal government land transfer license for its resort and casino on Cotai.[3]
In February 2013, pre-foundation works started.[1]
In July 2013, Leighton Holdings finalized a design and build contract worth 2.6 billion USD[1] to construct Wynn Palace.[4] The resort will include an aerial transport system with gondolas shaped like smoke-breathing dragons, hot-air balloons, pedestal gardens, a 30,000 square metre performance lake[5] at the entrance and a 1700[1]-room hotel.[4]
During 2013 Q2 Earnings Call of Wynn Resorts in July 2013 it was announced that Wynn Palace will have a light rail station stopping at midpoint of the performance lake with bridges going west to City of Dreams, Hyatt and MGM, and east to Wynn Palace sidewalk. A direct connection to the proposed Wynn gondola system is in construction which is supposed to rise above the lake, go around and through the lake, through the fountains and are inserted into the hotel promenade. An additional three ways of entry are planned: North/South atrium plus bus entrance on east side.[6]
Artwork at Wynn Palace
On 7 July 2011, Steve Wynn paid £8 million ($12.8 million) at a London auction for a set of four 18th-century Chinese porcelain vases that will decorate his new resort. The casino-owner’s leisure group said the vases had been bought by Wynn Resorts Macau Ltd. for its new Cotai Resort Hotel, scheduled to open in 2015. It was also the buyer of a Chinoiserie tapestry for £169,250 pounds. "We are delighted to return works of this extraordinary quality to the city of Macau and the People’s Republic of China," Roger Thomas, executive vice president of Design for Wynn Design and Development, said after the sale.[7]
The Qing dynasty vases, as well an exquisite sixteenth-century Louis XIV Beauvais Chinoiserie tapestry of 'The Emperor on a Journey,' also shown on 27 October 2011, will be on display in the Wynn Macau hotel lobby but will "later on join other pieces of art in the new hotel in Cotai," Wynn said.[8]
Wynn Diamond
At the 2013 Q3 Earnings Call for Wynn Resorts Ltd. it was announced that next to Wynn Palace, another resort facility is being worked on, named 'Wynn Diamond' which would include a 15,000-seat entertainment venue called ‘Wynn Diamond Coliseum.[9] Wynn Diamond is also referred to as Phase 2 for Wynn Cotai.
References
- ↑ 1.0 1.1 1.2 1.3 Wynn Resorts (2013-10-24). "Wynn Resorts, Limited Reports Third Quarter 2013 Results". Retrieved 2013-12-01.
- ↑ Wynn Macau Receives Approval for Cotai Development BUSINESS. online.wsj.com. 1 May 2012.
- ↑ Travis Hoium, The Motley Fool (2012-05-04). "Wynn Gets License to Gamble on Cotai". Retrieved 2013-12-01.
- ↑ 4.0 4.1 The Australian (2013-07-30). "Leighton finalises $2.8bn contract to build new Wynn resort in Macau". Retrieved 2013-11-30.
- ↑ Leighton Project Showcase. "Wynn Palace". Retrieved 2013-11-30.
- ↑ Vegas Tripping (2013-07-29). "The Steve Announces Cotai's Wynn Palace". Retrieved 2013-12-01.
- ↑ Casino Mogul Wynn Buys $12.8 Million Chinese Vases for Resort Bloomberg. By Scott Reyburn. 8 July 2011.
- ↑ Wynn returns Chinese antique treasures Macau Daily Times. 28 October 2011 10:24:00
- ↑ Michael Grimes (2013-10-28). "Wynn eyes phase two of Cotai". Retrieved 2013-11-30.
External references
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