Wynn Macau Contractor May Owe $200 Million for Casino Delay

Wynn `concerned' with building progress by contractor Leighton
Wynn Palace opening was earlier postponed to June 25 on delays

Construction of the Wynn Palace in Macau.
Photographer: Lam Yik Fei/Bloomberg

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By Daryl Loo and Daniela Wei

January 27, 2016 at 1:20 AM UTC

Updated on

January 27, 2016 at 3:27 AM UTC

This article is for subscribers only.

Wynn Macau Ltd. said its contractor for its second casino in Macau could be liable for as much as $200 million in damages if the Wynn Palace project experienced further delays.

Leighton Contractors (Asia) Ltd., part of Australia’s CIMIC Group Ltd., has been issued with a letter “to reinforce the importance” of meeting the scheduled June opening, Wynn Macau Ltd. said Wednesday in a stock exchange statement. The company said in November the $4.1 billion casino would be postponed by three months, until June 25, 2016, due to construction delays.