In a report published earlier this week, Citi noted that Wynn Macau said in its 2010 annual report that the company “cannot prepare a final timeline or budget until the Macau government approval of the land concession is received.”
In February, Wynn Macau’s chairman Steve Wynn said the Cotai project could still break ground in the first half of 2011, in order to open in late 2014 or early 2015.