Wynn is betting that his luxurious rooms and casino, which opened Wednesday, will attract the Chinese gambling masses eager to wager the money they've been raking in from the country's growing economy.
Speaking a day before his Wynn Resorts Ltd was scheduled to open its first casino in the city, Wynn said his new casino with plush restaurants and hotel rooms offered more than existing gambling dens.
Some analysts are skeptical about the new casinos success in changing gambling and spending habits in Macau. They claim that more facilities, such as the six gourmet restaurants, will not be enough to attract visitors as there are already popular restaurants and hotels in Macau and Chinese gamblers choose not to spend money on eating and staying at the casinos.
Macau, which returned to Chinese rule in 1999, is the only place in China that allows casino gambling. For 40 years, the industry was controlled by local tycoon Stanley Ho. But Ho's monopoly ended in 2002 when the government began shaking up the market and inviting new competition from Las Vegas.
Only two Las Vegas companies were allowed into Macau: Wynn Resorts Ltd. and Las Vegas Sands Corp. Sands, the world's largest gaming company, got established first in Macau, opening in 2004 the gleaming Sands Macau, which has been wildly successful.
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