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  1. #1

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    Thumbs up Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    ---------- HONG KONG --------------

    Hong Kong Disneyland
    1st Phase opened on 12-sept-2005


    ------------------------------------------------
    Hong Kong Ngong Ping 360
    open in 1H of 2006


    ------------------------------------------------------------
    HK Wetland Park
    open in 2006



    -----------------------------------------------------------------------------
    Ocean Park (a HK$5.5 billion redevelopment)
    phase 1 2008
    Phase 2 2010







    -----------------------------------------------------------------------

    Ocean Hotel @ Ocean Park
    opening date Unknown


    ------------------------------------------------------------------------
    Summit Hotel and Spa @ Ocean Park
    Opening date unknown



    ------------------------------------------------------------------------------
    HK - West Kowloon Cultural District (A multi billion project)
    Still under planning


    ---------------------------------------------------------------------
    Hong Kong Fisherman's Wharf
    Opening date unknown

    ---------------------------------------------------------------------
    Fisherman's Wharf Hotel (by Ocean park)
    Opening Date unknown


    ----------------------------------------------------------------------------
    Hong Kong Heritage Hotel (former Marine Police headquarters -120 yrs old building)
    Victorian colonial architecture, now under restoration and refurbishment.
    open in 2007


    --------------------------------------------------------------------
    MegaBox
    1.1 million Sq. feet Vertical Mega Mall
    19 Storeys of retail
    open in 1H of 2007



    -------------------------------------------------------------------
    Ma Wan Theme Park
    phase 1 opening date unknown



    --------------------------------------------------------------------
    The Peak Tower (HK$100million revitalization)
    360 degree view at the Peak
    open in 2Q/3Q of 2006




    ---------------------------------------------------------------------
    Asia-World Expo
    opened in Dec 2005



    ---------------------------------------------------------------------
    SkyPlaza
    open in 2H of 2006


    ------------------------------------------------------------------
    New 4D Extreme Screen @ SkyPlaza
    Opening Date unknown



    ---------------------------------------------------------------------

    Langham Place
    2005 Gold Nugget Grand Award, Best Retail Project







    CyberPort
    2004 Most Innovative Interior Design Award









    ------------ MACAU--------------

    Wynn Resort Macau (Phase 1, 2)
    open in 2H of 2006


    ----------------------------------------------------------------
    MGM Grand Macau (Phase 1, 2)
    600 room resort hotel
    open in 2nd half of 2007

    MGM Grand Macau announced project enhancement in Jan 2006.
    The enhancements to the project include a premier entertainment venue and an iconic
    hotel atrium which will provide guests an unsurpassed sense of arrival. The newly
    designed atrium will be a spectacular feature that will be three times the size of
    Bellagio's world-famous conservatory. The project now includes a significantly larger
    casino consisting of at least 345 table games and 1,035 slot machines. These
    enhancements are all being made while the resort maintains over 70,000 square feet for
    future casino expansion.



    -------------------------------------------------------------------
    Oceanus Macau
    open in 2008/2009



















    --------------------------------------------------------------------
    Galaxy Casino at Rio City Club
    a four-star hotel gaming tables and slot machines when it opens early in 2006.


    Galaxy Casino at Cotai City Club
    with 14,000 square meters of gaming space with gaming tables and slot machines, is
    expected to open in the first quarter of 2006 adjacent to Galaxy Cotai Mega Resorts


    Galaxy Cotai Mega Resort (Phase 1-4)
    6,300 hotel rooms and suites in several hotels with four themed casinos. The resort is
    aimed at both VIP players and mass-market visitors and will be completed in several
    phases, with the first opening early in 2008.

    Open in 2008/2009
    --------------------------------------------------------------------
    Galaxy Starworld
    open in 2H of 2006



    -------------------------------------------------------
    Grand Lisboa
    open in 2007/2008



    --------------------------------------------------
    Venetian Macau
    open in 2007


    -------------------------------------------------------------
    Cotai Strip

    The COTAI Strip is a master planned development of resort casino
    properties on COTAI, an area of reclaimed land between the islands of Taipa
    and Coloane in Macao. In addition to the 10,000 guest rooms, the first phase
    of the COTAI Strip will offer a critical mass of business, leisure and
    entertainment attractions, including world class meetings and convention
    facilities, over 20,000 seats of live entertainment in eight separate theater
    venues and the most modern and exciting casinos in Asia.

    Venetian Macau will occupy a monstrous 546,000-square-foot casino with 5,000 slot
    machines and 585 table games, 10.5 million square feet of space and will serve as the
    anchor of the COTAI Strip. At completion, the luxury resort will feature 3,000 suites,
    one million square feet of meeting and exhibition space, a 2,000 seat showroom,
    850,000 square feet of retail mall space, and a 15,000 seat arena.

    Connected to The Venetian Macao, which is currently under construction on the Cotai
    Strip, Four Seasons Hotel Macao will feature 400 luxurious hotel rooms; up to 600 Four
    Seasons-serviced vacation suites; distinctive dining experiences; full service spas, each
    featuring a wide array of amenities; elegant and versatile meeting space and a spacious
    pool bar and grill. The development will also include an upscale fashion mall integrated
    into the Grand Canal Shoppes at The Venetian Macao.

    8 hotels:
    Venetian Resort Macau
    Four Seasons Macau
    Far East Consortium Development(Dorsett,Holiday Inn,Intercontinental)
    Renaissance/Marriott Hotel
    Hilton Hotel
    Harilela Group Hotel
    Regal Hotel



    ----------------------------------------------------------------
    Crown Macau
    open in 2007



    -------------------------------------------------------------
    City of Dreams, Macau
    The City of Dreams serenely floats above a crystal lake, providing no less than 2,000
    rooms.The 72,000 square meter casino features world-class gaming facilities and a
    tropical underwater casino hall.
    Opening Date Unknown



    ---------------------------------------------------------------
    Macau Fisherman's Wharf
    1st phase opened in Dec 2005







    -----------------------------------------------------------------
    Macau Science Centre
    a 600 million pataca project in the Outer Harbour to be completed in 2006




    East Asia TV City


    ----------------------------------------------------------------------------
    Ponte 16
    Casino, Hotel, Shopping
    open in 2006/2007












    -----------------------------------------------------------------
    Hello Kitty Land Macau
    Opening Date not yet known




    --------------------------------------------------------------------------
    Hengqin Island Resort (by Venetian Macau)
    Situated on the Hengqin Island in Zhuhai, just across the bridge from Macau
    1,300 acres of land, one mile away from Venetian Macau Resort
    including Golf Course, Conference Centre, Hotels with Tennis/Swimming facilities, etc.
    Still under planning






    ================================================== ========
    Last edited by HongKongDisneyland; 03-11-2006 at 01:02 AM.

  2. #2

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    ORWEN: Some day--in Morva--they're planning to add all these same attractions...and MORE!! Of course, first, they have to get around to inventing electricity.

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Wow. I am impressed with what Macau is having built, those are some full scale things.
    We'll see what Ocean Park actually does.
    What exactly is the wetland park? And what is a cultural cener?
    And what is with all these fisherman wharfs? Can someone explain this concept to me?
    Is Macau part of Hong Kong like Kowloon and Lantau and all that?

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by tloolgb
    Is Macau part of Hong Kong like Kowloon and Lantau and all that?
    Macau is not part of Hong Kong. Until 1999 it was a Portuguese colony. Its now apart of China but like Hong Kong is considered a Special Administrative Region which gives them a certain amount of freedom to govern themselves for the time being.

  5. #5

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by tloolgb
    Wow. I am impressed with what Macau is having built, those are some full scale things.
    We'll see what Ocean Park actually does.
    What exactly is the wetland park? And what is a cultural cener?
    And what is with all these fisherman wharfs? Can someone explain this concept to me?
    Is Macau part of Hong Kong like Kowloon and Lantau and all that?
    Hong Kong and Macau are 2 Special Administrative Region (SAR) in Pearl River Delta of China. Macau is a former Portugese Colony. You need to take the TurboJet or Ferry to Macau from Hong Kong. HongKong-Zhuhai-Macau Mega-Bridge is being planned to connect Hong Kong, Zhuhai and Macau, the travelling time might be shortened to 30 mins between Hong Kong and Macau upon completion. The bridge was estimated to cost around HK$60 billion and might be one of the longest bridges in the world.

    Wetland Park is a nature reserve in Hong Kong.
    The West Kowloon Cultural District is a Mega Project, just the land might cost somewhere between HK$100billion - HK$150 billion. It would be an integrated concept to build world-classs museums, concert halls, exhibition halls, retails shops, commercial office and residential properties, garden and park etc under a canopy.

    Fisherman's Wharf in Macau is an integrated attraction consisting of casino,hotel, restaurants,bars, marina, entertainment(live show, rides etc) and convention facilities.

    Fisherman's Wharf in Hong Kong would be different than the one in Macau.

  6. #6

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Whoa. Macau is begining to be the next Vegas. If Wynn Macau is anything like Wynn Vegas I imagine it will be very good, however Steve Wynn is running out of Picassos to put in his hotels.

    Hong Kong is starting to race against Dubai in terms of the amount of buildings you can build in so little time. Dubai is running out of land so they are building up (Burj Dubai), and on the water (Jumeriah Palm, The World), so I take it Hong Kong will be trying to the same.

    Gosh, and I thought we were springin ahead here in San Diego and all of So. Cal, now it looks so old compared to all these places here in Asia. Hong Kong, Dubai, Beijing (with all the construction with 2008 deadlines), dang.

    Well maybe with all the construction elsewhere, this will push HKDL into expanding the park, reclaiming more land and building another park, hotels, maybe a casino (if its legal in Hong Kong? is it?), water park, and heck throw in a port and have a new Disney Cruise line leave from the park to the South Pacific and other ports....

    I'm saving up more for a Hong Kong tour. I was always interested from Travel Channel shows, and now with HKDL, and now this ..I'm about ready to go to LAX and board the next Cathay Pacific flight out of here....
    Last edited by pancakesaregood; 02-13-2006 at 07:51 PM.

  7. #7

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by HongKongDisneyland

    Fisherman's Wharf in Macau is an integrated attraction consisting of casino,hotel, restaurants,bars, marina, entertainment(live show, rides etc) and convention facilities.

    Fisherman's Wharf in Hong Kong would be different than the one in Macau.
    Okay, so they are all basically some form of entertainment/shopping/gmabling place...but where does the "Fisherman's Wharf" come from? Id that the company or is it some sick tribute to some fishing villages they removed to make them?

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by tloolgb
    Okay, so they are all basically some form of entertainment/shopping/gmabling place...but where does the "Fisherman's Wharf" come from? Id that the company or is it some sick tribute to some fishing villages they removed to make them?
    There won't be casino in the Fisherman's Wharf in Hong Kong.

    There are still some fishing villages in Hong Kong.

    I believe the New HK fisherman's Wharf would be situated in Aberdeen area where there is a real fish market. (I believe that there is still a handful of fishermen at Aberdeen.)
    Last edited by HongKongDisneyland; 02-12-2006 at 09:40 AM.

  9. #9

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Amazing, if all these projects get built this will beat Orlando and Vegas.

    I guess Disney made a smart move opening HKDL. I think as long as they can get attendance to stay up and they continue building out, it made sense to open the doors as soon as was possible and start making a return on their investment. Adding new E tickets and lands and addl hotels and parks later allows them to get feedback from the HK and Chinese visitors and give them more of what THEY want whether that be thrill rides, family/kid style rides, shows, or whatever they like best. Or maybe they want all of the above like the rest of us!

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Oh and maybe add a Disney cruise line from Australia to Hong Kong, either boat up, go to the park and fly back or fly up, go to the park and boat back.

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by HongKongDisneyland
    There won't be casino in the Fisherman's Wharf in Hong Kong.

    There are still some fishing villages in Hong Kong.

    I believe the New HK fisherman's Wharf would be situated in Aberdeen area where there is a real fish market. (I believe that there is still a handful of fishermen at Aberdeen.)
    Where does the "Fisherman's Wharf" desgination come from??

  12. #12

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Actually, many of these projects have been public knowledge for a bit. Some of these I've known
    for about three years. But since WDC signed w/ HK for HKDL in 1999, most likely they wouldn't
    have known esp about the Macau developments. (Big thanks for HKDL for the errata here).

    CAdventurer: wow, a DCL to Australia would be pretty neat! They actually could
    build a wharf right close to HKDL!
    Last edited by nish221; 04-05-2006 at 11:02 AM.

  13. #13

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Quote Originally Posted by nish221
    Actually, many of these projects have been public knowledge (I knew about
    3 of these esp the Macau ones), so Disney Co. (yes, under Eisner) knew all of this before giving the "go" on HKDL.

    CAdventurer: wow, a DCL to Australia would be pretty neat! They actually could
    build a wharf right close to HKDL!
    No, You are wrong.
    there is no way that Mr. Eisner would have known about the change of gaming policy in Macau.
    The agreement between Disney and HK Government was made in 1999, well before the decision by Macau Government to change the casino monopoly scenario by granting 3 casino licenses instead of one in 2002.

    A New Cruise Terminal is now under planning by HK Government. Probably the Old Kai Tak Airport Site will be used for the new Cruise Terminal.
    Last edited by HongKongDisneyland; 02-13-2006 at 07:22 PM.

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Galaxy Mega Resort Macau



    -------------------------------------------------------------------

    Sheraton and St. Regis

    Sheraton and St. Regis Newest Names Added to Cotai Strip


    Las Vegas Sands Corp. and Starwood Hotels and Resorts Reach Agreement on Management Deal
    LAS VEGAS, Feb. 22 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. (NYSE: LVS) and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today the addition of a new 1,200-room Sheraton hotel and a new 300-room St. Regis hotel to the Cotai Strip currently being developed by Las Vegas Sands in the People's Republic of China Special Administrative Region of Macao.
    Source : Las Vegas Sands Corp Press Release

    ---------------------------------------------------
    Four Seasons Hotel

    Four Seasons Hotels and Resorts, Las Vegas Sands Corp. Finalize Cotai Strip Management Deal

    LAS VEGAS, Jan 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Las Vegas Sands Corp. (NYSE: LVS) and Four Seasons Hotels and Resorts (TSX: FSH.SV; NYSE: FS) announced today that the two companies have reached an agreement in which Four Seasons Hotel and Resorts will manage a 400-room hotel being built by Las Vegas Sands Corp. on the Cotai Strip in the People's Republic of China Special Administrative Region of Macao. Four Seasons will manage the Hotel and the serviced vacation suites, while Las Vegas Sands Corp. will operate the casino within the Hotel.
    Source : Las Vegas Sands Corp. Press Release

    ------------------------------------------------------

    Intercontinental Hotel, Holiday Inn and
    Far East hotel brands Cosmopolitan and Dorsett

    Las Vegas Sands Corp. and Far East Consortium Move Forward with Cotai Strip Project
    LAS VEGAS, Dec. 21 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. (NYSE: LVS) and Far East Consortium International Limited (HKSE: 0035.HK) have reached agreement on all the commercial terms necessary for Far East to build a multi-hotel complex -- which will include an Intercontinental Hotel, Holiday Inn and Far East hotel brands Cosmopolitan and Dorsett -- on the Cotai Strip(TM) in Macao, Special Administrative Region of the People's Republic of China.
    Source : Las Vegas Sands Corp Press Release

    -------------------------------------------------------------

    Las Vegas Sands Corp. Signs Shangri-La Hotels
    and Resorts to Management Deal


    LAS VEGAS, Nov 01, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Las Vegas Sands Corp. (NYSE: LVS) announced today that Asia Pacific's leading luxury hotel group, Shangri-La Hotels and Resorts -- which manages 49 hotels and more than 22,000 rooms -- will manage two hotels inside a 39-floor building being built by Las Vegas Sands on the Cotai Strip(TM) in Macao, Special Administrative Region of the People's Republic of China. Shangri-La Hotels will operate both the Shangri-La Hotel, Macao and the Traders Hotel, Macao, while Las Vegas Sands Corp. will own and operate the casino, showrooms, and retail shopping mall to be housed in the same building. Las Vegas Sands Corp. also plans to develop vacation suites within the hotel.
    The combined 500-room Shangri-La Hotel and the 1,000-room Traders hotel, situated less than a three-minute drive from the Macao International Airport, will be located across from the 3,000-suite Venetian Macao, which is currently under construction on the Cotai Strip(TM).
    Source : Las Vegas Sands Corp Press Release

    ---------------------------------------------------------

    Hengqin Island Resort Development (Hengqin Island, Zhuhai)

    Las Vegas Sands Corp. Selected to Develop Major Master Planned Resort Development in ChinaLAS VEGAS, Oct. 17 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. (NYSE: LVS), the first American resort and gaming company to operate in The People's Republic of China's (PRC) Special Administrative Region of Macao, announced today the company has been selected by the Zhuhai Municipal People's Government of the PRC to proceed with master planning the development of a full-fledged convention-based/lifestyle destination resort on Hengqin Island which will complement its entertainment developments on the Cotai Strip (TM) in Macao.

    The Hengqin Island resort development, located in the Guangdong Province city of Zhuhai, will occupy more than 1,300 acres of land (5.2 square kilometers) and be located less than one mile away from Las Vegas Sands' Venetian Macao Hotel Resort Casino currently being built on the master-planned Cotai Strip in Macao.

    The Hengqin Island resort development will feature a diversified mix of leisure, tourism and convention amenities including, first-class hotels and villas, first-rate convention facilities, a marina and yacht club, outdoor amphitheater, and an impressive combination of golf, tennis, fishing, and other leisure and recreational activities. "The golf courses, tennis courts and marine-based activities are not only integral to the Hengqin Island development, but they serve as significant amenities to the Cotai Strip," said Adelson.

    "The development of Hengqin Island, in conjunction with our destination mega-resorts under construction on the Cotai Strip, will allow us to realize government's vision of integrated economic development in the Pan-Pearl River Delta region of China," said William P. Weidner, the company's president and chief operating officer. "We see this as a unique opportunity to maximize our business potential and further broaden the appeal of the region as a multi-faceted international convention/tourism hub and extended-stay vacation destination."
    Source : Las Vegas Sands Corp Press Release

    -------------------------------------------------------------
    3 more new hotels to be developed by Wynn at Macau

    Wynn said his company is also getting final approval to build three hotels on a 54-acre strip of land on the Cotai Strip, a multibillion-dollar development modeled on the Las Vegas strip about 10 minutes from central Macau.
    Source : BrockTown News

    -----------------------------------------------------------------

    Trump sees new markets in Las Vegas and Macau.

    ATLANTIC CITY - Donald J. Trump is hungry to enter new markets and extend the Trump brand.
    Trump said he wanted to have a casino in Las Vegas, where he is building a luxury condominium tower, by 2010. His casino company, Trump Entertainment Resorts Inc., is also poking around in Rhode Island and Macau, a peninsula in China.
    Source : Philly

    --------------------------------------------------------------------

    Wynn going solo with Cotai Resort
    and MGM plans for more hotels on Cotai Strip as well

    According to a filing with United States securities regulators, Wynn Resorts has applied to the Macau government for a 21.9 hectare site to develop four hotels and equip three with casinos. Chairman and chief executive Steve Wynn told analysts last Friday that the site is between the East Asian Games Dome and Macau University of Science and Technology.
    On Friday he suggested the talks had broken off again. "We don't have any subconcessions at the moment and Cotai is not a place where we're going to do that," he said. "We are going to operate the three [casino] hotels in Cotai ourselves. If we have some partnerships and some co-investors that would be very nice and we will pick them for strategic reasons."
    Wynn Resorts described the fourth hotel as a "Taiwanese guesthouse" without elaborating.

    Separately, MGM Mirage chairman and chief executive Terry Lanni indicated that planners have increased the reserve area in the US$1.06 billion joint-venture MGM Grand Macau casino hotel to 70,000 square feet, up from 50,000 sqft.
    He too is working on a follow-up project. "We met with representatives of the government last week in Macau and highlighted a couple of sites that we think could be important," Lanni told analysts last Friday.
    Source : The Standard News (HK)

    -------------------------------------------------------------

    City of Dreams project changed
    PBL shuffles Macau deal to gain more say


    JAMES Packer's Publishing & Broadcasting Ltd has renegotiated a key agreement governing the management of its Macau gaming joint venture to increase its day-to-day control over two planned casino operations.

    The design of its biggest casino, the City of Dreams, has also been changed, with plans to build an underwater casino scrapped.
    PBL Gaming chief executive Rowen Craigie flagged the changes during a meeting with analysts this week. He said the $HK8 billion ($1.4 billion) City of Dreams project - which will target mass-market customers and include three hotels with 2000 rooms - would now only include an underwater feature.
    Source : CourierMail

    -------------------------------------------------------------
    Real Estate Boom Changes the Face of Asia




    What spectacular construction projects are currently being realized, or are planned in the Asian region?
    Asia is overflowing with signature construction projects. The most recent of these was the 101-storey ‘Taipei 101’ tower, which looms above the capital of Taiwan. There is a proposal to link Hong Kong and Macau with a causeway running a very long distance across the sea. Singapore is about to announce a couple of Las Vegas-style casinos, which will come with the usual architectural marvels. And, over in Dubai, they are building spectacular hotels and residential buildings in the waters of the Persian Gulf.
    Source : CreditSuisseEmagazine

    -------------------------------------------------------------------------

    Nam Van Lake Development


    HONGKONG LAND AND SHUN TAK TO DEVELOP A MIXED-USE PROJECT




    ON THE MACAU WATERFRONT


    Hongkong Land Holdings Limited (‘Hongkong Land’) announced that it will form a joint venture with Shun Tak Holdings Limited (‘Shun
    Tak’) to develop a mixed residential, hotel and retail project on a prime 200,000 sq. ft
    site in Macau. The project site is in the heart of the city in an area destined to become
    the focal point of Macau’s new casino district. The site is adjacent to the MGM Grand
    Macau project currently under construction.

    The joint venture marks Hongkong Land’s first entry into the rapidly growing Macau
    property market. A gross floor area of some 1.9 million sq. ft will be for residential and
    serviced apartments that will enjoy views towards Nam Van Lake, the Macau Tower and
    the harbour. The development will also include a 380,000 sq. ft retail arcade and a
    210-room hotel that will be managed by the Mandarin Oriental Hotel Group.

    -----------------------------------------------------------------------------------
    Novacity
    a development by Hopewell, Shun Tak

    http://www.novacity.com.mo/en/index.html






    ---------------------------------------------------------------------------------



    Wynn-fall: LV Strip king scores in Macau

    Las Vegas Sun



    Las Vegas-based Wynn Resorts has entered into an agreement to sell a sub-concession for the right to build a Macau casino to Australian-based Publishing and Broadcasting Ltd. for close to $1 billion, the Las Vegas Sun has learned.

    The deal would be - by far - the biggest such Macau sub-concession sale, and would be a jaw-dropping cash infusion to Wynn Resorts, which is spending $1.1 billion on its own Wynn Macau, slated to open in September.

    PBL is controlled by the family of the late Australian billionaire Kerry Packer, with about 40 percent of the company's shares. In addition to some of Australia's top magazine and broadcasting assets, PBL owns Crown, the country's leading casino operator. Packer died in December.

    Packer's son James Packer, PBL chairman, was not available to comment on the deal; nor was Wynn Resorts Chairman Steve Wynn.

    The agreement to sell the Macau sub-concession is Wynn's first move to capitalize on his ability to use his right as one of the Chinese semi-autonomous enclave's three casino concession holders to sell sub-concessions to other operators.


    The nearly $1 billion sale to PBL would be a gigantic cash infusion to Wynn Resorts. The windfall is more than double the $443.3 million in net income reported last year by Nevada's biggest casino operator, MGM Mirage, and far more than the $236.4 million reported as net income by the world's biggest casino operator, Las Vegas-based Harrah's Entertainment.
    Source : Las Vegas Sun





    Last edited by HongKongDisneyland; 03-05-2006 at 10:29 AM.

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    Re: Hong Kong Plus Macau forming a Theme Park/Entertainment/Gaming Cluster

    Las Vegas TV reports on Macau - Asia's Las Vegas.

    It looks a whole lot like the Strip, but the world's newest collection of mega-resorts is on the other side of the planet.
    News 3's Steve Crupi recently returned from a special assignment in China where he got an up-close look at the amazing building boom in Macau, a destination that calls itself "Asia's Las Vegas."
    The idea of an adult playground stretching on for miles has obviously proven hugely successful in Las Vegas, so why not copy it? That's exactly what they are doing in Macau.
    The Cotai Strip is part of the incredible building boom underway just off the Chinese mainland. And they're not hiding the fact that this is a copy of America's gambling mecca. They've even trademarked the phrase "Asia's Las Vegas."
    Previously, the Macau had just a handful of casinos all owned by the same man. But now, many are under construction and with names that will be very familiar to everyone in Las Vegas. The Wynn Macau is set to open later this year, and the Venetian will open in 2007.
    The Venetian will be at the heart of the Cotai Strip, a previously barren plot of land along the South China Sea. Macau's first mega-resort, The Sands, opened nearly two years ago. And since then, Macau's annual gaming revenue has topped $5 billion, challenging Las Vegas for the title of world's most lucrative gaming destination.
    Should Las Vegas worry about this new source of competition? Surprisingly, everyone we talked with says no. Simply because China is so heavily populated. "1.4 billion potential new customers certainly cannot be overlooked." Nevada's Lieutenant Governor Lorraine Hunt has made a strong push to get Chinese gamblers to come to Las Vegas. And she's not concerned if those gamblers try Macau first. "As the global economy expands, so does Nevada's opportunity for new customers and new business."
    Las Vegas casinos have learned that Macau is actually a very valuable recruiting ground for high rollers, many of who are offered free flights to Las Vegas so they can gamble in the sister properties in Nevada.
    Betting on Macau has paid off for Steve Wynn. Monday, shares of Wynn Resorts Limited shot up 12 percent. This happened after word that Wynn sold the only gambling license available in Macau for the next 3 years to an Australian company for $900 million.
    Source : kvbc

    2 video clips available : click on the link on the left !!!

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