Wynn Resorts Launches 2024 Hypercar Exhibition in Macau

Wynn Resorts launching a 2024 hypercar exhibition
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Wynn Resorts has launched an exclusive exhibit titled the Wynn Signature – 2024 Hypercar Exhibition at Wynn Macau and Wynn Palace. This unique event, supported by the Macao Government Tourism Office (MGTO), showcases 30 rare and ultra-luxury vehicles, valued at HK$1.5 billion (US$190 million). Brands featured include prestigious names such as Bugatti, Lamborghini, Aston Martin, and McLaren, among others. The exhibition is open to the public free of charge and will run until October 13, 2024.

A Showcase of Luxury and Innovation

The Wynn Signature – 2024 Hypercar Exhibition is part of Wynn’s strategy to bolster tourism both at its resorts and throughout Macau. Many of these hypercars are making their debut appearances in Macau, contributing to the allure of the exhibit. Wynn Signature, the company’s exclusive lifestyle brand, aims to create a luxurious and memorable experience for visitors.

The exhibition aligns with Macau’s “Tourism+” model, which aims to establish the jurisdiction as a world center for tourism and leisure. As part of this initiative, Macau has implemented strategies to improve tourism, including the Facilitated Individual Travel (FIT) scheme and the relaxation of travel visas.

Promoting Macau as a Global Destination

Linda Chen, President, Vice Chairman, and Executive Director of Wynn Macau, emphasized the significance of the exhibition in positioning Macau as an international city. She stated, “‘Wynn Signature’ is dedicated to strengthening and expanding Macao’s position as an international city. As one of the key members in the international hospitality industry, we are committed to showcasing Macao’s unique positioning to a global audience.”

During the launch ceremony, MGTO Acting Director Cheng Wai Tong expressed satisfaction with the tourism operators’ efforts to innovate. He remarked, “With MGTO striving to foster diversification of the ‘Tourism+’ offerings, it is pleased to witness tourism operator’s continuing efforts to innovate. The development of tourism services and products targeting the needs of visitors of different profiles coming from diverse markets injects novel elements into Macao’s tourism experience, offering visitors a special and memorable travel experience.”

Diversifying Revenue Streams

The exhibition reflects a broader trend among Macau’s casino operators to diversify revenue sources beyond gaming. This strategic shift is evident in the latest financial results from MGM, where the contrast between Las Vegas and Macau operations is stark. In Las Vegas, only 21.9% of MGM’s revenue came from casino gaming, compared to 87.4% for MGM China.

Diversification efforts are crucial as Macau recovers from the economic impacts of the COVID-19 pandemic. The region’s monthly revenue has now surpassed pre-COVID levels, as reported in Macau’s July 2024 revenue figures. The “Tourism+” strategy was recently discussed among representatives from MGM China, Yangzhou, and MGTO to enhance Macau’s tourism development.

Conclusion

The Wynn Signature – 2024 Hypercar Exhibition exemplifies Wynn Resorts’ commitment to enhancing Macau’s appeal as a global tourism destination. By showcasing a collection of ultra-luxury vehicles and leveraging strategic partnerships, Wynn is contributing to the diversification of Macau’s tourism offerings and promoting the region’s cultural and economic vitality.