Wynn Resorts has announced it will construct a new 432-key all-suite hotel tower, named the Enclave, at Wynn Palace in Macau, with construction expected to begin in the second half of 2026.
The expansion comes as Macau’s competitive environment continues to intensify, with operators increasingly focusing on the premium mass segment as a key driver of gross gaming revenue (GGR) and market share.
According to the company’s quarterly filing, the Enclave at Wynn Palace will be developed adjacent to the resort’s east entrance. The project carries an estimated budget of between $900 million and $950 million, inclusive of capitalized interest, with construction expected to span around 2.5 years.
Wynn said total project capital expenditures for the Enclave and other enhancements across its Macau operations are expected to range between $400 million and $450 million during 2026, increasing to between $700 million and $750 million in 2027. Maintenance capital expenditures at its Macau operations are projected at between $70 million and $80 million during 2026.
The expansion announcement came as Wynn Palace reported stronger operating performance in the first quarter of 2026. Operating revenues at the property rose 23 percent year-on-year to $659.3 million from $535.9 million, while Adjusted Property EBITDAR increased 25.9 percent to $203.8 million.
The company’s Macau operations generated operating income of $145.3 million in the three months ended March 31st, up from $127.1 million a year earlier, while Adjusted Property EBITDAR increased to $279.4 million from $252.1 million.
