Licenses for Macau casinos are also expected to come up for renewal over the next few years, with Wynn’s due in 2022.
While the government is unlikely to tha88 disturb business of the territory’s biggest employers, license renewals are an incentive for casino operators to display their commitment to Macau through projects such as the Crystal Pavilion despite headwinds in the VIP segment or geopolitical tensions.
When Wynn expanded into Macau in 2002, Chen went along as an executive director. She led the launch of the Wynn Palace in 2008, and began deepening her ties in China.
Called Crystal Pavilion, it’s designed in a shape of Macau’s symbolic flower lotus and includes two hotel towers, interactive sculptures, a planned theater, art gallery, food pavilion and gardens and was called “a bit aggressive” by JPMorgan when first unveiled to investors in July with a $2 billion price tag for the first phase. Construction is expected to start in 2021, with an opening set for 2024.
She is a member of the Nanjing People’s Consultative Conference, a political advisory body. Chen was one of just five women ranked in the top 50 most prominent Asian executives by Inside Asian Gaming in 2018, and the highest-ranking who isn’t an heiress.