• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 5 August 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Wynn reveals details of planned Wynn Palace expansion, construction start delayed to 2021

Newsdesk by Newsdesk
Thu 11 Jul 2019 at 06:30
Wynn Palace expansion

Wynn Palace expansion

4.5k
VIEWS
Print Friendly, PDF & Email

Wynn Macau’s Phase I expansion of Wynn Palace will cost an estimated US$2 billion and include a 650-room hotel tower alongside a large glass structure known as the Crystal Pavilion, the company revealed on Wednesday.

Further details of the project were unveiled at a Wynn Resorts investor day held in Boston overnight, with a delay in groundbreaking from the previously planned 2020 until late 2021 meaning the first phase is now scheduled for completion by 2025.

According to a note from JP Morgan’s DS Kim, Jeremy An and Christine Wang, the expansion will largely focus on the Crystal Pavilion which will be a non-gaming facility with art, entertainment and F&B amenities.

Details on Phase II, which will add a second 650-room hotel, have yet to be confirmed.

Wynn Resorts CEO and President Matt Maddox has previously described the planned Crystal Pavilion as providing an immersive experience similar to one found at the Vatican “with screens on the walls and on the ceiling, so the audience has a 270-degree experience including live entertainment on the stage.

An artist’s impression of Wynn Palace’s immersive theatre using live technology

“We thought if we take that idea and custom build it in this area with a great 600-foot theater and make it fully immersive, that experience would be like no other on the planet.”

Construction of Phase I is expected to take around three years with Wynn targeting ROI of 15% to 20%, “implying incremental EBITDA of US$300 to US$400 million from Phase I (or a 35-47% boost to the Palace’s TTM EBITDA), which seems a bit aggressive for primarily non-gaming expansion,” JP Morgan said.

Share269Share13

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
HKUST
NWR

Related Posts

MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

by Pierce Chan
Tue 5 Aug 2025 at 14:59

The Macau Government Tourism Offic e(MGTO) plans to hold a food and cultural market in Zona Nova de Aterros do Porto Exterior (NAPE) in mid-August, aimed at promoting the transformation of an area that has expressed concern over the impact...

Delta Corp to acquire 45% stake in shipyard that built “Casino Royale” floating casino

Gaming sector shows strength as India’s Delta Corp reports income of US$22 million in June 2025 quarter

by Newsdesk
Tue 5 Aug 2025 at 05:58

India’s leading casino and online gaming operator Delta Corp has reported gross income from operations of Rs 195.84 crores (US$22.3 million) for the three months to 30 June 2025, up 2.6% year-on-year and down by less than 1% compared with...

First auction of Imperial Pacific gaming equipment postponed

IPI’s abandoned Saipan hotel and casino building shows signs of wear and tear but no immediate danger ahead of planned sale

by Newsdesk
Tue 5 Aug 2025 at 05:34

The Department of Public Works of the CNMI has found that Imperial Pacific International’s unfinished hotel and casino building in Garapan, Saipan, is showing signs of wear and tear some five years after construction was halted but does not pose...

Casino revenue at Korea’s Paradise Co up 23% year-on-year to US$55 million in July, slightly down sequentially

Casino revenue at Korea’s Paradise Co up 23% year-on-year to US$55 million in July, slightly down sequentially

by Newsdesk
Tue 5 Aug 2025 at 05:14

Leading Korean foreigner-only casino operator Paradise Co reported a 23.0% year-on-year increase in casino revenues to KRW75.7 billion (US$54.7 million) in July, however the figure was 6.3% lower than in June. According to information filed with the Korea Exchange. July...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語