Melco Crown, Ho jnr grab Macau spotlight
Melco Crown, Ho jnr grab Macau spotlightBy Muhammad Cohen
MACAU - The city's longest running casino development drama, Macau Studio City, is back in production. And, just like in the movies, out of the project's tribulations analysts say a star is born.
City of Dreams owner Melco Crown Entertainment agreed last week to pay US$360 million for the 60% share in the long-dormant project held by eSun Holdings, a subsidiary of Hong Kong's Lai Sun Group. Melco Crown chief executive Lawrence Ho said his company will develop a resort with 2,000 hotel rooms, retailing, entertainment and a casino with up to 400 tables and 1,200 gaming machines, tentatively scheduled to open in the first half of 2015.
"It's the best remaining piece of land in Cotai, and one day may
be the best property of them all, considering its position right next to the Lotus Bridge immigration checkpoint," Intelligence Macau chief executive Anthony Lawrance said. He called the acquisition "a game-changing opportunity" for Melco Crown, the Nasdaq-listed partnership between Ho, son of former Macau gambling monopoly owner Stanley Ho, and James Packer of Australia's PBL and son of the late media mogul Kerry Packer.
The 13-hectare Studio City site, located at the southern end of the Cotai resort district, has long ranked among the most coveted and controversial building plots in Macau.
Gateway Hotel Hongkong - News
City of Dreams owner Melco Crown Entertainment agreed last week to pay US$360 million for the 60% share in the long-dormant project held by eSun Holdings, a subsidiary of Hong Kong's Lai Sun Group. Melco Crown chief executive Lawrence Ho said his
We are excited to establish our business presence in Hong Kong and from this gateway to China to further expand the business into the Mainland." Mr Thai explained that the company is planning to open another outlet in Kowloon within the next 12 months,
IDEAL Hotels Worldwide (IHWW), a Hong Kong based worldwide marketing company, has launched a hotel Low-Cost Marketing (LCM) programme in the Indian market. “One cannot measure or quantify marketing promotions. lf hotels feel that there is a better way
Hong Kong kicked off its Summer Spectacular program on June 17 and the promotion runs through Aug 31. Sponsored in part by the Hong Kong Tourism Board, the festival offers myriad events, including the Summer Pop: Live in Hong Kong concert,
Sample excursions include: Stroll along the Pacific Place Shopping Complex, while staying at Conrad Hong Kong. With over 100 exclusive boutiques, fine dining and entertainment, this prestigious complex is located beneath the hotel itself to ensure
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