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Wynn Macau To Invest Over $2 Billion In Non-Gaming As Part of New 10-Year Concession

Wynn Macau Ltd has plans to develop a theater, an interactive center, and an event space, among other non-gaming attractions in the region under its new 10-year license. The company revealed its plans at a press briefing on December 17, 2022, which was also attended by representatives from the five other casino operators who were granted new 10-year concessions by the Macau government.

Focus on Non-Gaming Initiatives

Wynn stated that it would spend over $2 billion on a variety of non-gaming initiatives to attract more foreign visitors to Macau. Among them is building a theater, an event and entertainment center, and an art gallery. 

Wynn Resorts Macau chief financial officer and chief administrative officer Craig Jeffrey Fullalove also said the company would explore opportunities that would promote Macau’s community and maritime tourism. 

Wynn Committed to Boosting Foreign Visitor Numbers

Given its “significant international network”, Wynn is confident it can deliver on the Macau government’s goal to increase the volume of overseas visitors to the region, which was also among the key requirements of the new 10-year gaming concession. 

Wynn Macau Ltd operates two casinos in Macau – Wynn Resorts Macau and Wynn Palace in Cotai. Its ultimate parent is Wynn Resorts Ltd which is based in Nevada, USA.

Post Date: 19 December 2022 at 1:43 pm Post Categories: Land Based Casino News

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