Encore at Wynn Macau Delayed Until May 2010
Hunter went to the Wynn Resorts shareholder meeting the other day, wherein Wynn honchos mentioned that Encore at Wynn Macau's grand opening (which was pegged as 12/26 to me by another Wynn honcho) has been delayed until May 2010. The building will be handed over from the construction contractor in April 2010, and will open a month later.
I'm somewhat shocked about this and am curious as to what exactly is causing the delay. Conserving cash? Soft pedaling a soft market in Macau? Construction problems? Design issues? Taking the time to do it right?