US gaming mogul Steve Wynn plans to build a major new casino in Macau that could open as early as 2013, a report said Wednesday, as the Asian enclave continues to see gambling revenue soar.

Construction on a 21-hectare (52 acre) parcel of land in Macau’s Cotai Strip would start next year with plans for a hotel and about 450 gambling tables, Wynn, the chairman of Wynn Resorts Ltd, told the Wall Street Journal.

Wynn, whose Wynn Macau unit listed on the Hong Kong stock exchange in October, confirmed the plan ahead of an opening ceremony for his second Macau casino-hotel, Encore Macau.

The ceremony, scheduled for Wednesday, has been scaled back after Beijing called a national day of mourning following last week’s deadly earthquake in northwestern China, the paper said.

Macau, the only city in China that allows casino gambling, has now leap frogged Las Vegas in terms of gaming revenue after opening up its market to overseas operators in 2002.

Wynn rivals Las Vegas Sands and MGM Mirage both have properties in the former Portuguese colony.

Wynn Macau shares were trading at 12.26 Hong Kong dollars (1.58 US dollars) during Wednesday’s morning session, almost 22 percent higher than their IPO price of 10.08 Hong Kong dollars.

Thanks To : Google

• Las Vegas Sands Meets For Investment in Macau Casinos Las Vegas Sands Corp. took steps to prepare for a possible buyback of its debt, while at the same time announcing another departure of one of its top executives. The...
• Wynn Resorts US$1Billion Hong Kong IPO Wynn Resorts are planning to raise at least US$1 billion in an initial public offering of its Wynn Macau and Encore assets on 25 September 2009, prior to the official...
• US gaming mogul to build new Macau casino HONG KONG — US gaming mogul Steve Wynn plans to build a major new casino in Macau that could open as early as 2013, a report said Wednesday, as the...

• Casino In Manila And Sales Wynn Casino in Manila and sales Wynn The company's Universal Entertainment, a major shareholder of Wynn Resorts , plans to hold an auction in Hong Kong in which it sold part...
• Retirement and Las Vegas Ask me ten years ago and I would have told you that Las Vegas would be a fun place to live in retirement, at least part time. It was energetic,...
• Top Travel Places to Go in 2010 reprinted from New York Times 2. Patagonia Wine Country Ten years ago, a group of adventurous winemakers set their sights on an Argentine valley called San Patricio del Chañar, an...