Cotai Strip
On 16 May 2011, the chairman and chief executive officer (CEO) of Wynn Resorts, Steve Wynn, is expecting the Macau government to approve its application for a Cotai site shortly. Wynn's new project on the Cotai Strip is expected to cost over MOP 20 billion. On 1 May 2012, Wynn Macau received approval from the Macau government for its Cotai land concession, paving the way for Wynn Macau to break ground on the 51-acre site.
On 7 July 2011, Steve Wynn paid 8 million pounds ($12.8 million) at a London auction for a set of four 18th-century Chinese porcelain vases that will decorate his new resort. The casino-owner’s leisure group said the vases had been bought by Wynn Resorts Macau Ltd. for its new Cotai Resort Hotel, scheduled to open in 2015. It was also the buyer of a Chinoiserie tapestry for 169,250 pounds. "We are delighted to return works of this extraordinary quality to the city of Macau and the People’s Republic of China," Roger Thomas, executive vice president of Design for Wynn Design and Development, said after the sale.
The Qing dynasty vases, as well an exquisite sixteenth-century Louis XIV Beauvais Chinoiserie tapestry of 'The Emperor on a Journey,' also shown on 27 October 2011, will be on display in the Wynn Macau hotel lobby but will "later on join other pieces of art in the new hotel in Cotai," Wynn said.
Read more about this topic: Wynn Macau
Famous quotes containing the word strip:
“The annals of this voracious beach! who could write them, unless it were a shipwrecked sailor? How many who have seen it have seen it only in the midst of danger and distress, the last strip of earth which their mortal eyes beheld. Think of the amount of suffering which a single strand had witnessed! The ancients would have represented it as a sea-monster with open jaws, more terrible than Scylla and Charybdis.”
—Henry David Thoreau (1817–1862)