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Wynn Macau gets OK for Cotai casino development

Wynn Macau gets OK for Cotai casino development

The Chinese arm of U.S. casino company Wynn Resorts Ltd. says it has received approval for a new development in the Cotai district of Macau, the world's most lucrative gambling market.
Wynn Macau Ltd. said the government of the southern Chinese gambling hub published formal approval of the land concession contract on Wednesday.
Wynn Macau said the approval paves the way for it to break ground on the 21 hectare (51 acre) site on Cotai, which is an area of reclaimed swampland.
Wynn Resorts founder, chairman and CEO Steve Wynn said the official land transfer allows the company to start construction on the "single most important project" in its history.
The company already operates another casino on peninsular Macau.


Updated : 2021-07-28 02:21 GMT+08:00