The World's Most Expensive Buildings Ever Constructed
3. The Wynn Palace
Place: China
Completed Cost: $4 Billion
Year Completed: 2016
The Wynn Palace Resort, positioned in Macau, is a leading luxury destination featuring two towering hotel structures with over 1,700 rooms, a vast casino, and thirteen world-class restaurants. This $4 billion resort and casino faced considerable construction delays, missing its original opening date by more than two years.
Despite these obstacles, the Wynn Palace ultimately opened in 2016, displaying lavish designs and premium amenities customized to leisure and business travelers alike. Since its launch, the resort has become a central attraction in Macau, strengthening the region's standing as a prominent hub for gaming and entertainment.
In summary, the Wynn Palace Resort serves as an illustration of the challenges and accomplishments involved in large-scale construction projects. Its completion demonstrates the determination of its developers and reinforces Macau's position as a premier destination for luxury and entertainment in Asia.
Wynn Palace
The construction of the Wynn Palace faced numerous obstacles and delays, eventually extending the completion schedule beyond initial projections. Such large-scale projects frequently encounter hurdles, and this was no different.
Leighton Holdings (now Cimic Group) experienced a financial setback of $38 million due to a three-month delay in the launch, which prevented them from securing a deadline-based bonus. While this loss was considerable for the construction company, others gained from the resort's eventual opening. Following the debut of the Macau Wynn Palace, Wynn Resorts' stock climbed to a 52-week high, demonstrating investor excitement and confidence in this new luxury destination.
In summary, the Wynn Palace demonstrates the complexities and unpredictability of large-scale construction ventures. While some participants faced setbacks, the ultimate success of the resort showcases the potential rewards in the hospitality and gaming industries. Its opening represented a new chapter for Wynn Resorts and reaffirmed Macau's standing as a global entertainment leader.
