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Wynn Resorts Announces Plans for $2 Billion Investment in Macau



Per a note received by the Hong Kong Stock Exchange on Thursday, July 11, 2019, Wynn Resorts has revealed plans for a $2-billion expansion of its Wynn Palace resort property in Macau, the world’s foremost gambling market.

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The new Crystal Pavilion complex is envisioned as an entirely glass-and-steel structure, designed by architect Robert A.M. Stern, to be built adjacent to the existing Wynn Palace on the Cotai Peninsula. The new space will feature non-gambling attractions, including an art museum with interactive sculptures, impressive gardens, a 270-degree fully-immersive entertainment theatre and food and dining venues.

The expansion will also see the addition of two new hotel towers, which will provide about another 1,300 guest accommodations on the property. Wynn has also allocated $125 million for renovations to existing areas of the resort, Bloomberg reported.

Phase-I construction of south-parcel pavilion and hotel tower is set to begin in 2021, and is expected to take around three years with an opening planned for 2024. The costs and timing of Stage II construction of the north-parcel hotel tower are yet to be determined.

Reportedly, Wynn expects the new non-gambling project to eventually yield between a fifteen- and 20-percent return on the investment.

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Hilton, American Express Donate One Million Rooms to Medical Professionals



Hilton has teamed up with American Express to donate up to one million hotel room nights across the United States to medical professionals leading the fight against coronavirus on the front lines.

Starting next week on April 13, the hotel giant will make rooms available without charge to doctors, nurses, EMTs, paramedics and other frontline medical staff who need a place to sleep, recharge or isolate from their families through the end of May.

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To coordinate the massive effort, Hilton is teaming with 10 associations that represent more than one million healthcare workers to provide access to the program, including the American Hospital Association, American Nurses Association and more.

“During this crisis, we have seen so many examples of medical professionals working in the most challenging circumstances, sacrificing their own needs for the greater good,” Hilton CEO Christopher J. Nassetta said in a statement. “They truly are heroes. We are honored to extend our Hilton hospitality to them during this difficult time.”

American College of Emergency Physicians president William Jaquis, MD, FACEP, said the room donation would be welcomed relief for the thousands of medical staff enduring long hours under challenging circumstances.

A variety of Hilton brands are participating, including Hampton by Hilton, Hilton Garden Inn, DoubleTree by Hilton and others. Nassetta said hotel owners around the country have been “eager to support their communities and be part of the solution.”

Earlier this month, the Las Vegas Sands also lent a helping hand by donating two million medical masks and 20,000 protective suits to healthcare professionals, first responders and nonprofit organizations in the fight against the coronavirus pandemic.

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