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The Macau government has approved revisions to the land concession for Wynn Palace in Cotai, clearing the way for Wynn Macau to expand the integrated resort with a new hotel tower, a theatre and an events centre as part of its non-gaming investment commitments.
The revised land concession, dated July 16 and published in the official gazette on Wednesday, authorizes the development of a 432-suite hotel tower branded “The Enclave at Wynn Palace,” together with an “international spectacular theatre” and an events and activities centre.
Wynn Resorts, the U.S.-listed parent of Wynn Macau, has said the expansion will add no new gaming space.
Under the revised concession, Wynn Macau paid a one-off additional land premium of MOP652.3 million ($80.68 million).
The company first applied in October 2023 to revise the use of a vacant portion of the Wynn Palace site to build a theatre and events centre before submitting an updated proposal in January 2025 that included the additional hotel tower.
The Macau government said the revised project would help diversify its tourism offering, and the Secretary for Transport and Public Works approved the changes in June.
The revised concession increases the approved five-star hotel gross floor area by 17.4% to 534,105 square metres from 454,800 square metres. It adds an 8,787-square-metre theatre and a 23,738-square-metre events and activities centre.
Wynn Macau has 60 months, or five years, to complete the approved works.
Wynn Resorts said in May that construction of The Enclave at Wynn Palace is expected to break ground “later this year” and take about two and a half years to complete.
Chief Executive Craig Billings said the new tower would increase Wynn Palace’s room inventory by about 25 percent and suite capacity by roughly 50 percent.
Billings added that the tower would contain no gaming space and only a limited food-and-beverage offering because it will be directly connected to the existing resort.
Wynn Palace currently has about 1,706 guest rooms and suites. Wynn Resorts has estimated the project will cost between $900 million and $950 million.
The theatre and events centre form part of Wynn Macau’s commitments under its 10-year gaming concession, which runs from 2023 to 2032. The company has pledged to invest MOP17.7 billion during the concession period, including MOP16.5 billion in non-gaming projects aimed at supporting Macau’s tourism diversification strategy.