Tag: Wynn Palace

The world’s largest commercial real estate services and investment firm, CBRE, has listed a 35 acre plot of prime real estate in Las Vegas for Crown Resorts Ltd.   Situated directly across from Wynn Las Vegas and Encore at Wynn Las Vegas Resorts, just north of Fashion Show mall, the 35-acre property, with approximately 1,300 feet of strip frontage, traded for...

Macau is certainly bouncing back yet analysts have been divided over which cohort is driving the recovery. A comparison of first quarters for Wynn Palace and Sands China is perhaps the clearest indication that VIPs are still doing the lion’s share of the leg work.   It seems the good news just won’t let up from China’s casino city-on-sea. Gaming yield...

Despite only opening in August this year, the Wynn Palace in Macau is already planning to revamp its gaming floor according to a report by Morningstar.   The new Wynn Palace casino resort in Macau is preparing to renovate its main casino floor just month after opening to appeal to mass-market players. Wynn’s early revamp has been planned by the resort’s management...

Mass market gamblers helped Macau achieve 8.8 percent gaming growth in October, smashing expectations and pushing some to predict double figure gains in November.   An influx of holidaymakers drove gaming revenue growth beyond expectations for the third consecutive month in Macau - the most compelling endorsement to date of the city’s transition to a mass market destination. Figures released by Macau’s...

Good news looks set to continue for the world’s largest casino city. Macau posted a better than expected 7.4 percent rise in gambling revenue for September making it the second consecutive month of growth after 24 straight months of contraction. Vast new integrated resorts such as Sands China’s Parisian and the Wynn Palace have helped to lift wagers from VIPs,...

August 22 saw the official opening of the Wynn Palace on Macau’s Cotai strip.   At a total cost of $4.2bn (E3.7bn) the Wynn Palace is to date the most expensive venture of Las Vegas casino mogul Steve Wynn’s career.   Facilities at the Wynn Palace include 1,700 luxury suites, over $125m (E111m) worth of fine art, a luxury spa and a performance...