Wynn Resorts Ltd. announces US$2 billion plans to expand its properties in Macau, the world’s largest gambling market. The Crystal Pavilion complex will start its construction in 2021 and is set to open in 2024.
Wynn Resorts Ltd unveils plans to its US$20 billion expansion. A rendering of The Crystal Pavilion complex
Wynn Palace in Macau
The new venue will be built near the company’s Wynn Palace on the Cotai peninsula, expected to generate a 15% to 20% return on the investment. Billed as a “must-see” tourist destination in Macau, Crystal Pavilion will feature an innovative architectural design with an all-glass structure designed by architect Robert A.M. Stern. The facility includes two-phased towers which will provide a total of around 1,300 luxury rooms and suites, a 270-degree fully immersive entertainment theatre.
Concept visualisation of the art museum with overlooking gardens
Yet, casino is not on the list. The new move shows the operator’s commitment to shaping the city as a global centre of a world-class entertainment and cultural attraction, in response to the Chinese government calling on casino operators to invest in non-gambling segments.
A set of 18th-century Buccleuch vases from the Qing dynasty in the Wynn Palace
A floral sculpture by Preston Bailey in the Wynn Palace
Wynn Palace houses a collection of Asian and Western art, including the 18th-century Buccleuch vases from the Qing dynasty, which was sold at Christie’s in London for £8m (US$12.8m) in 2011, and larger-than-life floral sculptures by Preston Bailey.
Wynn also arranged to move Jeff Koons’ Tulip, which was sold at Christie’s New York for US$33.6m (the then world auction record for the artist) in 2012, from his Las Vegas casino to the Wynn Palace, along with Viola Frey’s colourful clay vase Amphora III.