Mar
13
Macau Studio City’s Ritz Carlton nervous?
Filed Under Macau, Macao, Cotai, eSun and New Cotai, Ritz Carlton Macao | Leave a Comment
Take a look at this quote about Macau Studio City’s Ritz Carlton Macao hotel from the Macau Daily Times:
He (Macau Studio City President Simon Cooper) added that Macau does not have the international air routes to develop a Las Vegas style entertainment centre.
The hotel is still definitely committed to the Cotai project, Ambrose Cheung told the Macau Daily Times yesterday, adding that the hotel is nervous about theincreasing competition.
“Hoteliers are always cautious and if you think about it you are getting close to 18,000 rooms in Macau and close to 50,000 in the next few years,” said Mr Cheung.
I can understand Read more
Jun
2
Macao Studio City video
Filed Under Macau, Macao, Cotai, COTAI CASINOS, COMPANIES, eSun and New Cotai, Macau Studio City | Leave a Comment
(1 of 2 postings today)
Here is a glimpse of Macao Studio City. Click on the “see video” on bottom left hand side of screen.
Jun
1
Cotai’s Macao Studio City gets billion dollar loan
Filed Under Macau, Macao, Cotai, Wall Street, COTAI CASINOS, COMPANIES, eSun and New Cotai, Macau Studio City | Leave a Comment
And looking for more.
MarketWatch is reporting that eSun’s Macao Studio City secured a USD $1.2 billion loan to help fund construction of its Macao Studio City casino on Cotai. Construction has already started and the company hopes to have the first phase of the Cotai project completed by 2009. (*more below*)
The Co-chairman of the company said he hopes to borrow another $500 million from the two banks sometime in the future.
The gross floor area of the Cotai resort’s first phase will be 3.7 million square feet, including 1 million square feet of retail and studio space, 2,000 hotel rooms, and a 200,000-square-foot casino
Feb
24
Macau Studio City history and Playboy Club
Filed Under Macau, Cotai, COTAI CASINOS, ENTERTAINMENT, eSun and New Cotai, Macau Studio City, Nightlife | Leave a Comment
Half-naked women, film studios, and hotel rooms. No, its not porn - its Macau Studio City!
Macau Business has an indepth article on the story behind eSun, New Cotai, and Capitaland’s Macau Studio City casino resort. It is too long and complicated to summarize here, so I suggest reading through it. (**more below**)
The new stuff is that Macau Business is claiming to have broken Macau Studio City’s secret that a Playboy Club will be included in their Cotai project. Based on the article’s sources, it sounds like a good bet that Playboy is coming to Macau. Playboy recently opened its first Playboy Club in a long, long time at the Palms in Las Vegas, so it makes sense that they would look to a Macau club as a launching pad into China.
Jan
14
Cotai’s Macau Studio City casino launched
Filed Under Macau, Cotai, eSun and New Cotai, Macau Studio City | Leave a Comment
Cotai gets another $2 billion in investment.
China’s People’s Daily Online is reporting that eSun & New Cotai’s Macau Studio City hotel casino resort construction has officially kicked off. This follows last week announcement of Capitaland’s new ownership stake in the Cotai project.
The $2 billion Cotai project will consist of two seperate developments. Macau Studio City will house the theatre and tv and film production theatres while Studio Retail will be home to the hotel, casino, and entertainment facilities.
Macau Studio City will include a 2,300 seat theatre, an expo centre for 4,700 people, tv and film facilities, and 130,000 square feet of retail space. Studio Retail will entail a 557,000 square foot development, but the details regarding hotel rooms, gaming tables, slots, etc. were not given.
The Cotai resort will be right over the Lotus Bridge that connects Cotai to Hengqin Island.
It should be very interesting to see how the tv and film facilities are integrated into the resort. I imagine that this should draw alot of tourists to the property.
Jan
10
Cotai’s Macau Studio City ownership stake sold
Filed Under Macau, Cotai, Melco PBL, Wall Street, eSun and New Cotai, Macau Studio City | Leave a Comment
eSun and New Cotai welcome CapitaLand
MacauHub is reporting that eSun sold 20% of its Macau Studio City project to Singapore’s CapitaLand, reducing eSun’s ownership interest to 40% from 60%. New Cotai Entertainment owns the remaining 40% of the Macau Studio City project. If CapitaLand, the previously unnamed third party, had decided to pass on buying its 20% interest, New Cotai would have been allowed to purchase an additional 10% for itself from eSun.
The Macau Studio City project is a master-planned six million square foot casino hotel resort complex near Cotai that is planned to open its Phase I sometime in 2009 and Phase II in 2011. The interesting twist to this project is that the resort will be built alongside a TV and cinema production facility. Melco PBL will be the casino manager.