Macau gets most expensive casino yet, with Wynn Palace debut

Macau will see its most expensive casino to date open its doors this week, when Wynn Resorts’ high-end $4.2 billion Wynn Palace makes its debut on Monday after a series of construction delays.  The property will include a 1,700-room hotel, a performance lake, and a wide range of amenities including meeting, retail, food and beverage, and casino spaces. It is said to be aimed at high-end and premium mass players. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees is $4.2 billion, according to Wynn Resorts. At the pre-opening event Chairman and CEO Steve Wynn called the resort “arguably, the most beautiful in the world.” “To be the prettiest hotel in the world, frankly, is something that money and good taste can buy. But to be the best hotel in the world is something else altogether,” said Wynn. “In any hospitality business there are only two...

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