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$4.1 Billion Wynn Palace Macau Opens Doors to Public

$4.1 Billion Wynn Palace Macau Opens Doors to Public

Earlier this week the Wynn Palace in Macau finally opened its doors to the public after six years of work and $4.1 billion.

Despite the recent downturn in Macau, Steve Wynn is still confident that the casino will bring a good return on investment. This is because the casino is focusing on mass gamblers, a segment that hasn’t been impacted as severely in the Macau slowdown as the VIP market.

The floral themed Palace is Wynn’s most expensive resort ever. It has an artwork collection worth more than $125 million and includes a 3 ton stainless steel “Tulips” sculpture by Jeff Koons. It also features a performance lake fountain show, air conditioned gondolas and a rooftop garden overlooking the South China Sea. There is 200,000 square foot of retail space, 1700 hotel rooms and 350 gaming tables which will increase each year.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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