Steve Wynn opens Wynn Palace Resort in Macau

Steve Wynn opens Wynn Palace Resort in Macau

Wynn’s €3.7 billion complex in Macau features a pair of giant golden dragons encircling a vast man-made lagoon to phoenix and cloud motifs inside.

Macau.- Casino mogul Steve Wynn launched his €3.7 billion Wynn Palace Resort in Macau. The gambling venue features a pair of giant golden dragons encircling a vast man-made lagoon to phoenix and cloud motifs inside, a clear reference to Chinese symbolism.

Wynn Palace Resort has a total of 350 tables, including 250 existing ones shifted from Wynne’s first Macau casino. Some 50-60 will be for high-spending VIP gamblers, the rest for mass market customers.

The 1,700 guest rooms overflow with gold trim. Cabinet handles are in the shape of horizontal figure eights; a number considered lucky in Chinese culture. Some rooms have gold-plated, hand-etched crystal glass sinks and penthouse beds have 800-thread count Italian linen sheets. In one hallway sits Tulips, a €29.7 million, 3 ton stainless steel sculpture by artist Jeff Koons.

Visitors can take a 10-minute ride around the lagoon in a gondola-car whose cables are supported by the giant golden dragons, and watch a show of more than 1,000 fountain jets and 2,000 LED lights choreographed to Beethoven’s Fifth Symphony and Chinese pop songs.

In an interview regarding Wynn Palace’s opening, Steve Wynn acknowledged that Macau’s glory years are over, but affirmed he was still optimistic. “What took place here in previous years was an anomaly,” said Wynn. “The amount of revenue, the rate of growth was unprecedented and historic and in many cases not just extraordinary but outrageous.”

The 74-year-old CEO of Las Vegas-based Wynn Resorts Ltd. explained that growth now is “representing more normal patterns of human behaviour, and that applies as well financially.” Current opportunities are “wonderful,” Wynn added.