Inside Asian Gaming

inside asian gaming september 2016 56 Feature In Focus 250 tables, plus up to 40 in premium mass club areas. VIP has about 60 tables in rooms for junkets SunCity, Guangdong/ Neptune and Tak Chun plus direct VIP areas and private salons near the invitation-only suites. Overall, the two Wynn properties have one-third less VIP tables than Wynn Macau did in the second quarter. “We had a tremendous, swollen, abnormal [VIP gaming revenue] number in past years because of the junket activity. That has been reduced significantly,” Mr Wynn said. “We’re seeing a more normalized market now.” Beyond gaming, Wynn Palace has four fine dining and seven casual restaurants, 50-something luxury shops from A. Lange & Sohne watches to Vertu mobile phones (plus, to be absolutely alphabetically accurate, Wynn Carry On), towering floral sculptures, some US$125 million in fine artworks, Macau’s largest spa and Wynn red SkyCabs circling the Wynn signature Performance Lake. “This is diversification. If you go up and downCotai, diversification has happened,” Mr Wynn explained. “In some cases, the notion of diversity and non-gaming has been misunderstood. Non-gaming is hospitality. Diversity is the offerings of the hotels and the diversity that they offer in terms of choice. A hotel is not diverse if it puts up a roller coaster.” Macau, according to Mr Wynn, must be viewed as a single destination with Hengqin Island, a free economic zone in China’s Guangdong province, designated for joint development by mainland China, Macau and Hong Kong. Three times the size of Macau and 200 meters from Cotai, Hengqin has Chimelong’s Ocean Kingdom, One mogul, two viewpoints SteveWynndidn’twanttotalk aboutWynn Palace’s grant of 150 new gaming tables – 100 now and 50 later – which was substantially fewer than previous Cotai properties have been granted since Macau imposed a 3% cap on new tables in 2013. Last October, the chairman and CEO of Wynn Resorts and Wynn Macau wasn’t so reticent. “Here we are spending billions of dollars creating non-gaming facilities and then arbitrarily someone says, ‘Well, you should only have these many tables.’ No jurisdiction ever has imposed that kind of logic on us,” Mr Wynn said during Wynn Resorts’ third quarter earnings conference call last October. “The table cap is the single Steve Wynn puts his thoughts on the tables