Macau’s latest casino resort, Wynn Palace, is to open on August 22, the project’s promoter confirmed in a statement issued on Monday.
Casino operator Wynn Macau Ltd said in a press release, speaking of its US$4.2-billion new Cotai venue: “The company expects that the opening of Wynn Palace will help launch a new era of prosperity for Macau, attracting more international tourists to the city and further supporting its development as a world centre of tourism and leisure.”
The opening date for the property had been put back several times.
Monday’s announcement added that the Wynn Palace hotel – a 1,700-room facility – is now accepting room reservations.
The announcement did not say how many gaming tables and electronic gaming machines Wynn Palace would have.
A number of investment analysts had said last week that they expected an official opening for the property on August 22, and that the hotel would take paying guests from August 23 onwards.
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"The Hong Kong protests may hurt Macau gross gaming revenue by about mid-single-digit (i.e., half of maximum visitation exposure), which should fade away gradually as people will find alternative ways to visit Macau”
DS Kim, Jeremy An and Christine Wang
Analysts at brokerage JP Morgan Securities (Asia Pacific) Ltd