LAS VEGAS (dpa-AFX) - Gambling resorts operator Wynn Resorts Ltd. (WYNN), has again postponed the opening of its Wynn Palace casino resort in Macau to August.
The opening of the $4 billion hotel project in Macau, the gambling hub in China, was initially planned on March 25, but was later dropped due to construction delays. The casino complex was then scheduled to be opened on June 25.
According to reports, construction work will be completed in July and after the necessary staff training courses, the venue will open doors for guests at August-end.
Wynn had planned for this multi-billionaire investment in Macau at a time when casinos and gambling were booming there, however, the time has changed and gambling revenues have dropped drastically hurt largely by an anticorruption drive in China.
Copyright RTT News/dpa-AFX
© 2016 AFX News
