Nov

24

MGM Grand Cotai on hold

Filed Under Macau, Macao, Cotai, MGM Cotai | Leave a Comment

Here’s a shocker…another Cotai hotel casino project postponed.  Macau is starting to feel like Vegas.

Macau Daily Times:

Now, even Macau is being affected by the global financial crises with MGM Mirage announcing on Friday it too will suspend plans to build a second resort in Macau.

Currently, MGM Grand located in Nape is the company’s only hotel-casino in the SAR, however it had plans to develop another second property also in the Cotai Strip.

MGM Mirage not only has frozen plans to build a second resort in Macau but also to develop a large swath of vacant land at the north end of the Las Vegas Strip.

“What we are experiencing now is unique,” said Alan Feldman, senior vice president for MGM Mirage, referring to consumer confidence levels sinking to historic lows.

Nov

3

Ok, now its official…i think

Filed Under Macau, Macao, Cotai, Venetian Macao, Four Season's Hotel Macao, Cotai Strip® | Leave a Comment

Looks like the Cotai Strip condos are back up for sale.  From today’s LVS filing:

On October 29, 2008, the office of the Secretary for Transportation and Public Works for the Macau Special Administrative Region of The People’s Republic of China (the “Macau Government”) published an amendment (the “Land Concession Amendment”) to the Land Concession by Lease (the “Land Concession”) between the Macau Government and Venetian Cotai, Limited (”VCL”), an indirect wholly-owned subsidiary of Las Vegas Sands Corp. (the “Company”) in Macau’s Official Gazette (the “Official Gazette”).

The Land Concession Amendment separated the retail mall use from the hotel use for Lot II (the “Four Seasons Macao Hotel”) and authorized VCL to subdivide the Four Seasons Macao Hotel into four independent strata title units consisting of the following: (i) a five star hotel, including gaming areas, entertainment, leisure, restaurants and other supporting areas (112,167 square meters); (ii) a four star apartment-hotel, which corresponds to the most luxurious classification of apartment-hotel permitted in Macau (101,028 square meters); Read more

Nov

3

New City of Dreams multimedia

Filed Under Macau, Macao, Cotai, City of Dreams | Leave a Comment

New official website: http://cityofdreams.com.mo/

Pamphlet 

Oct

28

Cotai Strip condos NOT for sale?

Filed Under Macau, Macao, Venetian Macao, Cotai Strip® | Leave a Comment

cotai macau hotels

This is all so confusing.

Las Vegas Sands put this press release out just a few days ago which said, “The legal separation of the property will allow the company to transfer the apartment hotel building into a separate cooperative holding company and to sell cooperative interests in the tower in a manner similar to the way apartment units are sold in New York City and other international locations.”

Now, the Macau Daily Times is reporting the following:  Read more

Oct

22

Cotai Strip condos for sale

Filed Under Macau, Macao, Las Vegas Sands, Real Estate, Four Season's Hotel Macao, Cotai Strip® | Leave a Comment

cotai strip real estate condos

Las Vegas Sands Corp. announced today that the government of the Special Administrative Region of Macao has approved the legal separation of the company’s Four Seasons apartment hotel tower from the other components of its Four Seasons parcel on the Cotai Strip®. The legal separation of the property will allow the company to transfer the apartment hotel building into a separate cooperative holding company and to sell cooperative interests in the tower in a manner similar to the way apartment units are sold in New York City and other international locations. In addition, the approval from the Macao government clears the way for the company to monetize the cash flow generated by The Shoppes at Four Seasons, its 200,000 square foot luxury retail mall, which is also located on the Four Seasons parcel. Read more

Oct

19

MPEL Provides an Update of Construction Progress and Financing at City of Dreams

Filed Under Macau, Macao, Cotai, Melco PBL, City of Dreams | Leave a Comment

Melco Crown Entertainment Limited seeks to update the status of progress at City of Dreams, its flagship integrated casino hotel resort development in Macau, in response to recent turbulence in global financial market conditions and certain press reports.City of Dreams remains fully on target to open to the public during the first half of 2009. Construction activity will be maintained at maximum capacity through the end of 2008 to deliver the construction timetable to completion. Our projected budget for phases one and two of City of Dreams also remains unchanged.  Read more

Oct

10

The Mall at Macao Studio City video

Filed Under Macau, Macao, Cotai, Macau Studio City, Shopping | 1 Comment

I only have two comments:

1) What happened to the Destination Macau guy? He was Destination Macau in my opinion. Nothing against this lady, but there’s no comparison.

3) Im glad there is a video for the Mall at Studio City, but what about the actual Macao Studio City resort??? What in the world is the status of that thing?

Sep

30

Cotai Strip hotels and “The Phoenix”

Filed Under Macau, Macao, Cotai, COTAI CASINOS, Cotai Strip® | Leave a Comment

I was just browsing the new Cotai Strip® website and noticed some new descriptions and pictures of the hotels that are being built by Las Vegas Sands for the Cotai Strip.  It should just take a second so you should check it out : http://www.cotaistrip.com.mo/en/show/hotels.

Also, I noticed something that I have never seen referenced before, “The Phoenix” on the Cotai Strip.  I dont think its something new, but the actual description is a bit light on the details:

Beside the Four Seasons Hotel Macao, Cotai Strip® will soon be the home of the world’s most recognized hotel brands. Together, three contemporary hotels form a “Phoenix” in what is set to become one of the most intriguing iconic structures at Cotai Strip®.

Here’s the picture of The Phoenix from the website:

The Phoenix on the Cotai Strip

Aug

29

Zaia press release, photos, and video

Filed Under Macau, Macao, Cotai, Venetian Macao, Cirque de Soleil, Cotai Strip®, Zaia, Cotai Arena, Shows | Leave a Comment

zaia

(see below for more pictures and video)

ZAIA, the very first permanent Cirque du Soleil production to open in Asia, celebrated its world premiere on August 28, 2008 at the Venetian Macao-Resort-Hotel in Macau to coincide with the 1st Anniversary of its host resort-hotel.

Cirque du Soleil is a Canadian-based global entertainment company providing high-quality artistic entertainment. Cirque du Soleil productions have played to almost 80 million spectators in over 200 cities on five continents. In 2008, Cirque du Soleil is presenting 17 shows simultaneously throughout the world. Each production fuses innovative acrobatics, theatre, dance and music with spectacular costumes, lighting and make-up. Cirque du Soleil has successfully toured to 13 cities in Asia, including Singapore, Hong Kong, Seoul, Tokyo, Taipei and Shanghai with Big Top productions but ZAIA will be the first production to be housed within a permanent theatre in the region. Read more

Aug

28

An odd press release

Filed Under Macau, Macao, Cotai, Macau Studio City, Shopping | 1 Comment

Here is an odd press release.  Its from Taubman touting their Mall at Macao Studio City. But Isnt Macao Studio City delayed you ask?  Why yes, I think it is!  Thats what makes this press release so odd.

Taubman Asia, a subsidiary of U.S. mall REIT Taubman Centers, Inc. (NYSE: TCO), today revealed a glimpse of what is destined to become Asia’s most luxurious shopping center, featuring an unparalleled line-up of flagship stores including A. Lange & Sohne, Alfred Dunhill, Berluti, Bulgari, Bottega Veneta, Burberry, Cartier, Chopard, Christian Dior, Dolce & Gabbana, Ermenegildo Zegna, Fendi, Franck Muller, Gucci, Miu Miu, Montblanc, Omega, Piaget, Prada, Roger Vivier, Tod’s, Van Cleef and Arpels, and Versace. Additional major fashion brands have committed and are expected to be announced in the coming months. Read more

Aug

28

Cotai Strip takes next step, opens Four Seasons Hotel Macao, Cirque’s Zaia, and more shopping

Filed Under Macau, Macao, Shopping, Four Season's Hotel Macao, Cotai Strip®, Zaia | Leave a Comment

Las Vegas Sands Celebrates Opening of Second Cotai Strip(R) Property and Launch of New World-Class Retail and Entertainment Offerings

One year after the hugely successful opening of Macao’s first truly integrated casino resort — The Venetian Macao — Las Vegas Sands Corp. (NYSE: LVS - News) today celebrated the opening of its second Cotai Strip(TM) property, the Four Seasons Hotel Macao. The celebration also marked the world premiere of Cirque du Soleil’s ZAIA at The Venetian Macao, and the official opening of the luxurious new Shoppes at Four Seasons.

“Today marks yet another significant milestone in the overall effort to transform Macao into an international leisure and business destination,” said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. “The key to building a successful tourist destination is being able to assemble the critical mass of attractions needed to make the location more unique and compelling than its rival destinations. That is why we continue to add more and more important components, like luxury retail and world-class entertainment, to our Cotai Strip development. The Cotai Strip’s array of leisure, entertainment, and business offerings has already helped Macao attract a greater number of visitors from across the region and beyond and in the longer-term its popularity will further facilitate Macao’s evolution into an extremely successful and desirable international tourist destination.”

The new Four Seasons Hotel Macao, which is owned by Las Vegas Sands Corp., but operated and managed by the world-renowned Four Seasons Hotels and Resorts, Read more

Aug

22

LVS tries to calm fears before Cotai Strip’s Four Seasons Hotel opens

Filed Under Macau, Macao, Cotai, Four Season's Hotel Macao, Cotai Strip® | Leave a Comment

A week before the opening of Las Vegas Sands’ newest $1 billion addition to Macau’s Cotai Strip, company President Bill Weidner downplayed Chinese media reports that the government wants to slow visitation into the gambling enclave.During a conference call Wednesday to discuss the Aug. 28 opening of the 360-room Four Seasons Macau, which is attached to the company’s massive 3,000-room Venetian Macau, Weidner said the bulk of the company’s Chinese visitors come from areas of the country that would not be affected by government-imposed visa restrictions.

Weidner also said company officials aren’t even sure China wants to enact the restrictions.

“This would be the fourth wave of visa restriction tweaking since 2000,” Weidner said. “I think the primary reason is they want to separate the wheat from the chaff. The restrictions are aimed at bringing a higher quality of visitors.”   Read more

— Next Page →