Wynn Cotai to be ready in 48 months: Steve Wynn

Wynn Macau Ltd’s new property on Cotai will take between 46 and 48 months to be fully ready and open, the company’s chairman said today during a media briefing after Wynn’s annual general meeting. Steve Wynn said the new casino resort will cost around US$4 billion (MOP32 billion). He also said he is confident that the government will facilitate the hiring of imported labour given that Macau’s unemployment rate is virtually non-existent. “As challenging as it is to get labour… my past experience tells me that the government will give you the tools to get the job done," Mr Wynn told reporters. He also said the company will issue in the future more dividends but refused to give more details.