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Wynn Palace: Is June 25 A Go Or No Go?

If you've listened to any of our podcasts lately, either 88 Days To Macau or The Vegas Gang, you know that the opening of Wynn Palace Cotai has been a hot discussion topic.

The date 6/25 has been mentioned repeatedly by Wynn Resorts as the target date for opening, but as of today - March 28, 2016 - just inside of three months, they have yet to fully publicly commit. CEO Steve Wynn casually said in the latest earnings call that construction was progressing and that they'd "get there."

Someone is going to have to say something... is June 25 a Go or No Go?

Here is some information to consider:

Wynn Palace careers website has announced major hiring fairs for Security, Facilities, F&B and Hotel jobs for this week. They are hiring people.

Wynn Macau has no hotel rooms available for the weekend of June 24 and 25th, 2016.

Wynn Macau LTD announced ten days ago the date of the next meeting of its Board of Directors.... March 30 2016. The publicly stated purpose of this meeting is to:

considering and approving the annual results of the Company and its subsidiaries for the year ended 31 December 2015 and considering the payment of a dividend (if any) and transacting any other business.

I would suspect, that deciding if June 25th opening is a go would fall under the "any other business" heading. The clock is ticking.


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