MACAU--(BUSINESS WIRE)--May. 1, 2012--
Wynn Resorts, Limited (Nasdaq: WYNN) announced today that Wynn Macau’s
Cotai land concession contract has been officially approved by the Macau
government, paving the way for Wynn to break ground on the 51-acre site.
In Macau today Stephen A. Wynn, Chairman and CEO of Wynn Resorts made
the following statement, “Our Company has enjoyed the privilege of being
included in the remarkable modern history of our community.
“The official transfer of real estate in Cotai makes possible the
commencement of the construction phase, of what will be the single most
important project in the history of Wynn Resorts.
“We are mindful of our responsibilities to the citizens and government
of Macau and we will remain consistent to the history of our
organization by bringing to life a hotel resort in Cotai that will mark
a new standard of elegance in the world.
“On behalf of all our employees and shareholders, we offer our thanks to
the government for this opportunity.”
The Macau Special Administrative Region’s Official Gazette published its
formal approval of the Cotai land concession for Wynn Macau today. The
government’s approval represents a vote of confidence in Wynn’s efforts
to create an imaginative and exceptional resort experience on Cotai, and
its ongoing contribution to the transformation of Macau.
Source: Wynn Resorts, Limited
Wynn Resorts, Limited
Deanna Pettit, 702-770-2121 (US)
Director of Public
Katharine Liu, 853-8986-5521 (Macau)