The €3.77 billion casino project Wynn Palace has received approval to run 150 gaming tables and 1,145 slot machines.
Macau.- Lionel Leong the Macau’s Secretary for Economy and Finance said in a statement that the €3.77 billion casino project Wynn Palace has received an approval to run 150 gaming tables and 1,145 slot machines. As per the announcement, there will be 100 tables available at Wynn Palace when it open doors for visitors. The other 50 tables are to be allocated within two years. The number of available tables will increase to 125 on January 1st, 2017.
This measure seriously limits the further development of the casino resort. The gambling complex is expected to open on August 22nd and it is located on Cotai Strip in Macau, the Asian gambling hub.
Wynn Resorts announced that 150 tables are just a third of the 400 tables the casino operator has originally requested. Melco Crown Entertainment and Galaxy Entertainment Group received an approval for the installation of 250 tables in their new casino resorts. Furthermore, Macau authorities declared that the tables available at Wynn Palace will be for mass market players only.
The anti-corruption campaign led by the Chinese government resulted in a decline in the number of high rollers who visit Macau. Market analysts believe that the only method for compensating for the considerable slump in revenues is focusing on the mass market players. This is largely the reason why Wynn Palace will not feature high roller tables.
Michael Weaver, Wynn Resorts’ spokesman expressed that the company was satisfied with the number of approved tables. According to Weaver, the decision itself was based on the 3 percent table growth in Macau-based venues projected for the period 2013 – 2022. However, gambling analysts remain hopeful that Wynn Palace could apply for more tables after January 2018.