Wynn confirms Las Vegas Strip project
Casino operator and developer has announced Wynn Paradise Park, a US$1.5 billion integrated resort to be established on the Strip.
US.- Wynn Resorts has confirmed its project for a casino development worth US$1.5 billion to be built on the Las Vegas Strip. The construction work for the integrated resort will go through several phases (the total number hasn’t been revealed), the first of which is expected to begin next December.
Confirmation for the project came earlier this week after it received the required support for its development, despite being introduced last year. The resort was introduced as Wynn Paradise Park and will feature a 1000 room hotel, a small casino, a convention space, a lagoon and many other attractions. The company aims to establish a family-friendly environment and an important center for convention activity in the area. Its size hasn’t been reveled yet but Wynn is expected to hold a press event later this year to shed some light on the matter.
The project adds up to the Wynn Boston Harbor, a US$2 billion resort that is being built on the Everett waterfront in Massachussets. Both endeavors might be the reason why the company hasn’t joined the mass interest in the newly legalised casino market in Japan.
Wynn hasn’t talked about the possibility of joining other gambling operators such as MGM Resorts International and Las Vegas Sands that showed their desire to invest in the Pacific Ocean country immediately after casino regulation became a reality. Apparently, rather than attempting to establish its business in Japan, the company has opted for a safer bet in the American market.
