Wynn Palace

Wynn Palace

 

Wynn Palace

Also referred to as Wynn Palace Cotai, is an integrated resort owned and operated by Wynn Resorts in Macau, China. As the company’s first resort on the Cotai Strip and third skyscraper in Macau, Wynn Palace features a luxury hotel with 1,706 rooms, a casino, an 8-acre performance lake, gondolas, meeting facilities, spa and salon, and retail and dining venues. With 29 floors and a construction floor area of around 450,000 square meters, Steve Wynn has described it as “the most aggressive, ambitious and lovely project” undertaken by Wynn Resorts. Construction began in 2013 with total cost estimated at USD $4.4 billion. between commencement in 2013 and the opening on August 22, 2016. On January 28, 2016, Forbes described Wynn Palace’s then-upcoming debut as one of the “20 Most Anticipated Hotel Openings Of 2016.” After it opened, the Las Vegas Review-Journal said “the project is the best [Wynn] ever produced,” and the Associated Press wrote that “the lavish decor and extravagant features Wynn is known for abound.” There are approximately 350 gaming tables, of which 60 are used as VIP tables.

Opening and Reception

On January 28, 2016, Forbes described Wynn Palace’s upcoming debut as one of the “20 Most Anticipated Hotel Openings Of 2016.” Despite an effort on behalf of the Chinese government to make new Cotai casinos into family-friendly attractions, before the opening Steve Wynn described Wynn Palace as “for adults” and “pitched at 21-year-olds or above.” On August 22, 2016, Steve Wynn unveiled the resort at an event officiated by political figures such as Chui Sai On of Macau. The official opening time for the casino was 8 pm on a Monday, considered a time of cultural significance, with opening ceremonies held around the musical fountain and in the ballroom. The Macau Post Daily wrote the following day that the opening drew “big crowds to Cotai to try their luck in the new casino,” and Wynn Palace’s design met with a positive response.

A week after the resort’s opening, analysts claimed the casino had caused a “lackluster” to “marginal” increase in mass-market customers in Macau, with Credit Suisse reporting that VIP business to Macau remained consistent. Although Cotai’s gambling profits had been steadily dropping since 2014 due to government crackdowns on corruption, among other factors, Macau’s gross gaming revenue grew 1.1% for the month of August to $2.4 billion, “the first growth since May 2014 and beating street estimate of 1.5% decline.” Barron’s credited “Macau casino operators” and the opening of Wynn Palace for the increase. Opining that Macau was experiencing a market “revival,” on September 16, 2016, Nasdaq reported that the shares of Wynn Resorts had “rallied to a 52-week high.” For Wynn Resorts, “gross gaming revenues (GGR) for the month of August rose 1.1%,” and AFR Weekend wrote that Wynn Resorts’ “gamble” in Macau had paid off, per “signs that revenue in the gambling mecca has passed a key inflection point.”

Features

Design and architecture

Opened on August 22, 2016, the Wynn Palace resort on the Cotai Strip includes a 1706-room luxury hotel, a casino, convention space, a spa and salon, and venues for retail, entertainment, and dining. Steve Wynn described it as “the most aggressive, ambitious and lovely project” he has ever undertaken, with a design “reminiscent” of the Bellagio in its use of fountains and lighting as a key attraction. With a construction floor area of around 450,000 square meters, after topping off in 2015 the main Wynn Palace tower is 377.30 feet tall, with 29 floors and design by Wynn Design & Development. According to the Las Vegas Review-Journal, “the halls to the guest rooms are wider than those found in conventional hotels to evoke a sense of palatial living.” The article goes on to say that “the largest suites — there are four penthouses — have 3,900 square feet of living space, two master bedrooms with floor-to-ceiling views of the performance lake, walk-in closets, media rooms, grand pianos and 24-hour butler service. The beds have 800-thread count Italian linen.”
Attractions and venues

The resort features a number of attractions and venues, including convention space, shops, restaurants, gaming tables, meeting rooms, and a nightclub named Climax. There are 18,580 square metres of luxury retail space in the Wynn Palace Esplanade, and as of September 2016, brands such as Chanel, Chopard, Hermès, Franck Muller, Panerai and Brioni had set up outlets. There are eleven dining venues in Wynn Palace, with four fine dining restaurants, and seven casual. One of the luxury restaurants, Wing Lei Palace, was designed by Roger Thomas.

GOCO Hospitality operates a 4,500 square metre spa area, with 16 treatment rooms and four spa suites, as well as a barber and beauty salon, tea lounge, juice bar, gym, and an area for foot massages. The spa offers $450 facials with gold leaf and crushed diamonds.

Exterior features include an aerial transport system with gondolas, pedestal gardens, and a 30,000 square metre performance lake at the entrance. There is a fountain with more than 1,000 jets and 2,000 lights that plays Beethoven.

Interior design and artwork

Steve Wynn described the interior design theme as “flowers,” explaining the “use of… water and natural light and flowers has been taken to a new level.” Jerry Sibal was appointed Design, Development and Floral Director for Wynn Palace in April 2015, arriving in Macau that September. The Chinese interior design subcontractor Sundart published several photos of the Wynn Palace design in June 2015, displaying a floral theme. Some of the floral sculptures move. There is floral designer Preston Bailey’s floral carousel and Ferris wheel in the atriums, among other projects.

Fine art and Chinese antiques are display at the resort, including $150 million of art at opening. Wynn Macau, Ltd first paid £8 million (USD $12.8 million) at a London auction on July 7, 2011 for a set of four 18th-century Chinese porcelain vases, as well as a Chinoiserie tapestry. Explicitly purchased for Wynn Palace, Roger Thomas of Wynn Design and Development said after the sale that “we are delighted to return works of this extraordinary quality to the city of Macau.” The vases and sixteenth-century Louis XIV Beauvais Chinoiserie tapestry of ‘The Emperor on a Journey’ were shown on October 27, 2011 in the Wynn Macau lobby, and will “later on join other pieces of art in the new hotel in Cotai,” Wynn said.

Transportation

Wynn Palace is close to a ferry terminal and the Macau International Airport, and in 2012 it was announced that the new Macau monorail would stop at the lakeside front of the resort. In 2013 it was announced that Wynn Palace will have a light rail station stopping at midpoint of the performance lake. The light rail will have bridges going west to casinos such as City of Dreams, Hyatt and MGM, and east to the Wynn Palace sidewalk. A direct connection to the Wynn gondola system is in construction as well.

Reference: https://en.wikipedia.org/wiki/Wynn_Palace
Other Related References:
Top Casino in World
Casino In China
Wynn Palace Macau

Leave a Reply

Your email address will not be published.


*