Wynn Resort wants to develop a training facility on the Island of Hengqin. Speaking to Bloomberg, Wynn Macau COO said that they believe the training facility will help the company move on with its plans of making the Island an attractive destination.
Hengqin area is already attracting six of the licensed casino operators in Macau for the development of MICE (meeting, incentives, conventions, and exhibitions). Gaming isn’t permitted in the enclave despite its proximity to Macau proper, which is about a mile away.
Last month, the government of China cancelled the two checkpoints, one in Macau and the other in Hengqin. This will ease the traveling between the two locations. The government is also considering visa-free travel between neighboring zones.
Macau is the world gambling hub that relies heavily on the casino floors. In 2018, the six licensed casinos announced revenue of $43 billion, in which $38 billion came from gaming. Reports from Casino.org indicate that Wynn Macau COO believes Macau must diversify to make the region a sustainable destination.
The MICE investments, together with new hotels and entertainment projects on Hengqin, are to boost tourism and also provide accommodation for travelers.
In Cotai, Wynn Resorts is moving on with the construction of Crystal Pavilion at Wynn Palace. The structure will be designed in the shape of Macau’s symbolic white lotus flower- the all-glass structure which is expected to cost $3billion.
“Crystal Pavilion features an innovative architectural design with an all-glass structure; two-phased hotel towers with a total of 1300 rooms and suites, and one kind of public entertainment attractions,” Wynn Presentation details.
Wynn Resorts has high expectation the magnificent design will be a must tourist destination. Wynn Macau COO affirmed that investing in non-gaming will make Macau more stable in hard economic and political time.