Wynn building 400+ Diamond Suites to his Macau spread.
Steve Wynn is showing everyone how its done. The Wynn Macau made US$92.66 million in the last 3 months, the Wynn Las Vegas made US$115.3 million in the same time. Think Steve knows what he’s doing and he won’t slow down any time soon:
Wynn opened its Macau resort last September with a 110,000 square foot casino, another 26,000 square feet in retail space, seven restaurants and other assorted features. It plans to add a 20,000 square foot casino in the third quarter, with further expansion scheduled for the Chinese New Year in 2008. Also on the drawing boards is Wynn Diamond Suites, a second resort hotel featuring 400 luxury suites and villas, along with restaurants, retail shops and additional gaming space or high rollers. The estimated cost of Wynn Diamond Suites is between $550 million and $600 million and the project is expected to open to the public in the first half of 2010.
One thing that sets Wynn Macau apart from other gaming properties in the city is its world-class hotel and gourmet dining experience, which is new to customers who, until recently, have been drawn to Macau just for the gambling.
Read the rest here. If you haven’t been out to Macau yet to see the Wynn, its worth the daytrip on the weekend even if you aren’t a gambler as Macau, unlike Las Vegas, has some amazingly delicious food. Hmmm…must be near lunch time for us.
Here is a nice intro to the Wynn Macau that was filmed last year when it opened: