Feb
16
Macau and Cotai Strip MICE industry
Filed Under Macau, Macao, Cotai, MICE | Leave a Comment
This is a bit lengthy, but its a decent review of the impact that the growing MICE market has had on Macau. I must sound like a broken record by now, but this is just the beginning of Macau’s transformation being brought on by LVS’ Cotai Strip.
With bigger facilities, stronger government support and faster growth, Macau has warmed itself up to fight for a share of the international MICE (meeting, incentive, conference and exhibition) market, but experts still saw some problems stand in the way of its further development.
“Macau will be developed into a city with full facilities catering for convention and exhibition, business, travel, entertainment and leisure in Asia Pacific region,” said the Macau Convention and Exhibition Association (MCEA) in a recent research report concerning the industry.
Projected income generated by convention and exhibition services in the Special Administrative Region (SAR) will amount to 368 million patacas in 2008 and even reach 1.5 billion patacas in 2015, while creating around 2,500 permanent job opportunities by 2010, according to the report.
As proof to the industry’s bright future, the Las Vegas Sands Corp., a U.S. casino and MICE operator, invested 2.4 billion U.S. dollars to build the Venetian Macao casino resort, which not only houses the world’s largest gaming floor, but Read more
Feb
4
Macau warning
Filed Under Macau, Macao, OTHER | 2 Comments
I stumbled across this on Topix.net and couldnt stop laughing. Here is an excerpt:
“These women also hang around the hotels in Macau and often come to the rooms of single men and tear their clothes off and jump on the men directly after entry thus making it almost impossible for a normal heterosexual man to say no to their sexual advances.” Read more
Feb
4
Ponte 16 casino complex opens in Macau
Filed Under Macau, Macao, SJM, Sofitel Macau at Ponte 16 | 3 Comments
From Xinhua News Agency
The five-star Ponte 16 casino resort opened on Friday, bringing the total number of casinos in Macao to 29, which also saw local gaming magnate Stanley Ho rally its strength to fight the flooding-in Las Vegas gaming companies for market share.
The integrated resort was jointly developed by SJM (Sociedade de Jogos de Macao) S.A., owned by local gaming magnate Stanley Ho, and Macao Success Limited. It features 105 gaming tables and 300 slot machines, and a hotel run by the French luxury Read more
Feb
3
Macao Studio City shopping update
Filed Under Macau, Macao, Cotai, AREA, Macau Studio City, Shopping | Leave a Comment
I am probably more excited for the opening of Macao Studio City then any of the other up and coming openings. It seems like they have been doing everything right so far. This complex has enough exciting and entertaining components that it could really move the center of gravity in the Cotai away from the Venetian on the Cotai Strip®.
We still need to be cautious with our expectations though. Just because everything sounds exciting on paper, doesnt mean the finished project will come together to deliver that “wow” factor.
Anyway, here is part of the press release about Taubman’s investment in the Macao Studio City shopping Read more
Feb
2
Wynn Macau’s Tree of Prosperity
Filed Under Macau, Macao, Wynn Macau | Leave a Comment
I’ve been gone for a while so I’ve got some catching up to do. Thought I’d kick things off with Aomen TV’s newest video, featuring Wynn’s Tree of Prosperity. If you havent seen it yet make sure you check out the video.