Gaming developer Steve Wynn’s Chinese entity Wynn Macau has received approval for a 51-acre casino resort in Cotai, to be developed on land behind City of Dreams.
The project, the cost of which has been pitched between US$3.5 to $4bn, will include a 2,000-room hotel and a 1,750-seat theatre. Wynn said: “We will remain consistent to the history of our organization by bringing to life a hotel resort in Cotai that will mark a new standard of elegance in the world. We have to make this hotel on Cotai, in every sense of the word, irresistible to the guests. And that’s an expensive assignment to undertake. It will be the single most important project in the history of Wynn Resorts.”
Analysts say the project will take four years to complete.