Is there still demand for these mega resort-casinos in Macau? We'll see soon after the opening of Wynn Palace and The Parisian this fall.
Macau's challenged gaming and tourism industry needs as many good signs as it can get, especially as the destination prepares to welcome two of its newest and biggest developments in the next few months.
This is certainly welcome news for Wynn and Sands, both of which have mega resort-casinos opening in Macau later this year.
Despite troubles in Macau, the usual suspects — namely gaming CEOs — took home the most money in 2015, with Wyndham’s CEO grabbing the No. 2 spot.
After largely recovering (or resetting) after the disastrous fallout of the 2008 financial crisis, Vegas is once again embracing big developments on the Strip.
So much for the guest experience. Paying fees, one shouldn't forget, is part of the experience too.
Wynn's subsidizing of Boston subways, due to the expected increased use of the system, would be the first such contribution by a private developer. He can afford it: Wynn is playing with house money.
It ain't 'Citizen Kane', but it will put Vegas and the Wynn on screen, and screen time is always good for tourism.
The Chinese enclave of Macau is the only destination that matters to casino companies today as market growth continues to exceed expectations.