Wynn Palace to focus on non-gaming, says Wynn

Gaming tycoon Steve Wynn said in an interview with local press that 90 percent of the $4 billion investment in Wynn Palace will go towards non-gaming facilities, claiming Macau needs to emulate the environment of Las Vegas.

In an interview with the Macao Daily, the Wynn chief said the scale of non-gaming facilities in Wynn Palace, slated to open next year with 1,700 hotel rooms, will be “beyond the imagination of all.” The resort’s non-gaming facilities will include food and beverage, entertainment, shopping and venues for MICE events.

Wynn said that Macau should take some inspiration from the Vegas model, which is trying to raise non-gaming revenues to account for half of total revenues.

“If Macau tries to take Las Vegas as a reference model, it has to copy its business environment as well,” Wynn was quoted as saying, adding that the growth of non-gaming revenues in Macau will outstrip those from gaming in the future.

Wynn said the US and Macau governments play a very different role in shaping the casino industry which is evident in the way revenues are generated. Vegas is allowed to operate relatively freely with regards to table numbers and resort sizes, which differs to Macau, he said.

 

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