The Chinese arm of Wynn Resorts has received approval for a new casino on the Cotai Strip in Macau.
Wynn Macau said the government of the enclave published formal approval of a land transfer, paving the way for construction to begin on the 51-acre site. Steve Wynn has described the development as the "single most important project" in his company's history.
Wynn already operates another casino on peninsular Macau. The new resort would be its first in Cotai, an area of reclaimed swampland joining two islands that is the site of all the city's big new casino projects. Rivals such as Las Vegas Sands and Galaxy Entertainment Group already operate resorts there.
