The highly anticipated unveiling of the $4.2 billion Wynn Palace took place on August 22, 2016 when Steve Wynn, Chairman of the Board and Chief Executive Officer of Wynn Resorts, let the world in on the company’s most costly project to date.

Chief Executive of the Macau Special Administrative Region, Chui Sai On, officiated the opening of Wynn’s latest and greatest masterpiece on Monday night. Along with the chief executive, a host of other Macau officials accompanied Wynn for the grand reveal.

Commenting on his latest creation located just 20 minutes from the center of Macau and about 40 miles from Hong Kong, Wynn said, “Wynn Palace is arguably the most beautiful hotel in the world, which is a wonderful thing to be able to say,” and, “But it is not in London, Paris, New York or Rome. It is in Cotai, in Macau, and sits here for all the world to come and see. It’s our gift to the community, to the public. It will be here forever and it’s perhaps unlikely we’ll see a place of this scope and artfulness in our lifetimes again” according to PR Newswire. Wynn went on to say that while money may be able to buy the “prettiest hotel in the world,” what makes a hotel the best in the world is guest experience; the rest is irrelevant, said Wynn. The people who work at the Wynn Palace are the ones who will make it the best hotel in the world, he said.

An eight-acre Performance Lake and fountain show, which shoots eight million gallons of water into the air to carefully choreographed Chinese, American, and European songs are among the resort’s highlights. Guests are able to take in the resort’s fountain shows by way of air-conditioned Sky Cabs that deliver them to the heart of Wynn Palace while traveling 90-plus feet above the Performance Lake.

Immediately popular with guests on opening night are two brilliantly colored, massive floral sculptures which adorn the South and North Lobby Atriums. More than 100,000 real flowers comprise the custom designed floral Carousel and Ferris Wheel sculptures, which each keep time to music. Along with the floral influence, thousands of pieces of fine and decorative art are on display. Known for his large collection of fine art, Wynn often places the pieces in his various casinos and hotels all over the world. Assembled over a six-year period, the art collection at Wynn Palace represents an investment of more than $125 million. The impressive collection includes four rare porcelain Qin-dynasty vases.

Included in the luxury resort’s fine dining and casual restaurant collection is Wing Lei Palace, which was designed by Roger Thomas, Wynn Resorts design chief. Wing Lei Bar, situated adjacent to the restaurant, is adorned with a crystal chandelier circa 18th century worth more than $25 million. The resort, which features a 28-story hotel with 1,706 rooms, suites, and villas, also offers guests a massive gaming space, 200,000 square feet of retail space that is Wynn Palace Esplanade, which includes more than 50 luxury retail shops. Meeting facilities, a fitness center, the largest spa in Macau, and overlooking the Performance Lake a pool and pool-side restaurant also call the luxury resort home.

The opening of Wynn Palace is expected to help attract more international tourists to Coati and usher in a new era of prosperity for the small peninsula in mainland China.