Now that he’s fully engaged in designing his latest resort on the Cotai Strip in Macau, Steve Wynn says he’ll be ready to break ground on the project sometime in 2011.
Talking to the Macau Post, he said the new resort will be something completely different for the SAR. It will hold 400-500 table games, 1,800 slots and approximately 1,400 to 1,500 rooms and suites.
While Wynn told CNBC a few weeks ago that he would not move his corporate headquarters to Macau, he still considers the company to be transnational.
“We are not just a U.S. company but we are also a Chinese company,” he told the Post.
Meanwhile, Linda Chen, the COO of Wynn Macau, says the estimate by Macau’s chief regulator that gaming revenue could grow by 30 percent is “too conservative.” Chen says the SAR won’t keep pace with the explosive growth of the first half of the year, but will do better than analysts are estimating.
