Wynn Palace
| Wynn Palace | |
|---|---|
 |
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| Location | Cotai Strip, Macau, China |
| Opening date | 22 August 2016 |
| Theme | Floral |
| No. of rooms | 1,706 |
| Total gaming space | 350 tables |
| Signature attractions | 8-acre performance lake, SkyCab gondolas, retail, dining, entertainment venues |
| Notable restaurants | Wing Lei Palace, SW Steakhouse, Mizumi, Andrea's, Café Fontana |
| Casino type | Land-based |
| Owner | Wynn Resorts Limited, Wynn Macau limited |
| Architect | Wynn Design & Development |
| Website | WynnPalace.com |
Wynn Palace, also referred to as Wynn Palace Cotai, is an integrated resort owned and operated by Wynn Resorts in Macau, China. As the company's first resort on the Cotai Strip and third skyscraper in Macau, Wynn Palace features a luxury hotel with 1,706 rooms, a casino, an 8-acre performance lake, gondolas, meeting facilities, spa and salon, and retail and dining venues. With 29 floors and a construction floor area of around 450,000 square meters,Steve Wynn has described it as "the most aggressive, ambitious and lovely project" undertaken by Wynn Resorts. Construction began in 2013 with total cost estimated at USD $4.4 billion. between commencement in 2013 and the opening on August 22, 2016. On January 28, 2016, Forbes described Wynn Palace's then-upcoming debut as one of the "20 Most Anticipated Hotel Openings Of 2016." After it opened, the Las Vegas Review-Journal said "the project is the best [Wynn] ever produced," and the Associated Press wrote that "the lavish decor and extravagant features Wynn is known for abound." There are approximately 350 gaming tables, of which 60 are used as VIP tables.
In 2006, the hotel and casino Wynn Macau was launched in the city of Macau by Wynn Resorts, a Las Vegas-based hospitality and development company.Wynn Macau, Ltd became a subsidiary of Wynn Resorts, with Wynn Resorts owning 72.2% of Wynn Macau, Ltd. Following the opening of Wynn Macau, Wynn Enterprises expressed interest in opening a second resort nearby and began looking into land on the Cotai Strip, which is similar to the Vegas Strip in its focus on luxury casino-hotels and entertainment.
In 2008, Wynn Resorts paid USD $50 million to Tien Chiao Entertainment and Investment Company Limited "in exchange for the company relinquishing its rights to what is now Wynn's Cotai site," a 52-acre (210,000 m2) plot in close proximity to casinos such as City of Dreams, Las Vegas Sands, St. Regis Macao and Sheraton Resorts.Steve Wynn, the chairman and chief executive officer (CEO) of Wynn Resorts, announced in mid-August 2010 that he would be building a new casino-resort on the plot, and that the Cotai project could break ground in March or April 2011, or as soon as the building’s design was completed. He estimated that the resort could open within five years after the start of construction. The overall development was initially projected to cost over MOP 20 billion, and would more than double the operator's hotel rooms in the special administrative regions of China (SAR). The development's designs were advanced throughout 2010 and early 2011.
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