BEIJING, June 12 (UPI) -- Investment by Las Vegas gaming industry in the Chinese enclave of Macao gathered momentum Saturday with work on a Steve Wynn casino to start this month.
A report in the Macao Daily said investment in the Wynn Resort will be total about $705 million. The 16 acre complex will include a 600 room hotel, a 100,000 square foot casino, 28,000 square feet of retail space and several restaurants and entertainment centers.
Land clearing for the project began this week near one of Macao's most famed landmarks, the Hotel Lisboa. Construction is scheduled for completion in September 2006.
The Sands Macao, a subsidiary of Las Vegas Sands Corp., last month opened the first Vegas-style gaming and entertainment facility in China.
The Macao Special Autonomous Region, a Portuguese colony for more than five centuries before 1999, is the only place in mainland China that allows gambling.
