In a press release, the company’s lawyers in New York and representatives in the Dominican Republic said Wynn Hotels & Resort will focus its investments in the area of the Caribbean’s strongest boom: Punta Cana, where they plan to invest more than US$6.0 billion in six years, starting year-end 2020.
The Dominican Republic is currently experiencing a tourist boom. In the last eight years it posted an average annual growth of 5% in tourist arrivals, adding 45.2 million visitors between 2012 and 2019. Income from the industry stood at more than US$50.6bn between 2012 and 2019. Last year was the highest with an estimated US$7.7 billion according to figures released by the Tourism Ministry.
The country already has around 50 casinos, more than any other country in the Caribbean, with the existing Hard Rock casino in Punta Cana offering more than 40 table games and over 450 slot machines.
Source: GMB
