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HONG KONG : US gaming mogul Steve Wynn plans to build a major new casino in Macau that could open as early as 2013, a report said Wednesday, as the Asian enclave continues to see gambling revenue soar.
Construction on a 21-hectare (52 acre) parcel of land in Macau's Cotai Strip would start next year with plans for a hotel and about 450 gambling tables, Wynn, the chairman of Wynn Resorts Ltd, told the Wall Street Journal.
Wynn, whose Wynn Macau unit listed on the Hong Kong stock exchange in October, confirmed the plan ahead of an opening ceremony for his second Macau casino-hotel, Encore Macau.
The ceremony, scheduled for Wednesday, has been scaled back after Beijing called a national day of mourning following last week's deadly earthquake in northwestern China, the paper said.
Macau, the only city in China that allows casino gambling, has now leapfrogged Las Vegas in terms of gaming revenue after opening up its market to overseas operators in 2002.
Wynn rivals Las Vegas Sands and MGM Mirage both have properties in the former Portuguese colony.
Wynn Macau shares were trading at 12.26 Hong Kong dollars (1.58 US dollars) during Wednesday's morning session, almost 22 per cent higher than their IPO price of 10.08 Hong Kong dollars.
Construction on a 21-hectare (52 acre) parcel of land in Macau's Cotai Strip would start next year with plans for a hotel and about 450 gambling tables, Wynn, the chairman of Wynn Resorts Ltd, told the Wall Street Journal.
Wynn, whose Wynn Macau unit listed on the Hong Kong stock exchange in October, confirmed the plan ahead of an opening ceremony for his second Macau casino-hotel, Encore Macau.
The ceremony, scheduled for Wednesday, has been scaled back after Beijing called a national day of mourning following last week's deadly earthquake in northwestern China, the paper said.
Macau, the only city in China that allows casino gambling, has now leapfrogged Las Vegas in terms of gaming revenue after opening up its market to overseas operators in 2002.
Wynn rivals Las Vegas Sands and MGM Mirage both have properties in the former Portuguese colony.
Wynn Macau shares were trading at 12.26 Hong Kong dollars (1.58 US dollars) during Wednesday's morning session, almost 22 per cent higher than their IPO price of 10.08 Hong Kong dollars.
