Wynn Macau is considering adding more non-gaming facilities for the second phase of development at its Wynn Palace Cotai resort, Chairman Allan Zeman told reporters at G2E Asia.
“[We are about] to explore different opportunities […] especially technology,” he was cited as saying by Macau business.
“Whether it’s shows or museums there are so many opportunities, especially with the AR (Alternative Reality) and VR (Virtual Reality), all the new AI technology which is a big game-changer for the world in every industry.”
The resort, which opened in August 2016, has two further plots of land available for development. Zeman said there are no current plans as it takes time to come up with the right formula.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Tomakomai Mayor Hirofumi Iwakura has again pressed the Hokkaido prefectural authorities led by Governor Naomichi Suzuki to rejoin the IR race in the current cycle, arguing that the nine-month delay in the national licensing timeline provides adequate opportunity to resolve environmental and other concerns.
As Japan sinks into a deeper crisis over the Covid-19 pandemic, it would be natural that it might be overlooked. Indeed, the sensitivity of Japanese policymakers to overseas developments is often tenuous at best. But for the future of Japanese IRs generally—and for Osaka most specifically—stakeholders should be quaking with alarm over the most recent headlines regarding MGM Resorts.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.