• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Parisian Macao opens in September: Sands China exec

Jun 24, 2016 Newsdesk Latest News, Macau, Top of the deck  


Parisian Macao opens in September: Sands China exec

Macau gaming operator Sands China Ltd’s new casino resort in Cotai, the Parisian Macao, will open as scheduled in September, the company’s president and chief operating officer, Wilfred Wong Ying Wai, said on Thursday.

“…our chairman [Mr Sheldon Adelson] has already disclosed that it [the opening date] is one day in September. And we will not slip: we will adhere to [the] schedule,” said Mr Wong at an evening ceremony marking the illumination of the Parisian Macao’s half-scale replica of the Eiffel Tower (pictured).

A press release issued by the company following the event, stated that the opening of the new resort would be in “mid-September”. It did not specify whether that would be a partial or full opening of the property.

In an interview with Bloomberg in February, Mr Wong had mentioned that the Eiffel Tower at the US$2.7-billion Parisian Macao might open before September. The early opening of some facilities at the casino property would be part of a promotional push to draw tourists, the Sands China president said at the time.

According to information provided by Sands China, the Parisian Macao will have approximately 3,000 guestrooms and suites, more than 150 shops, a 1,200-seat Parisian Theatre and meeting space totalling 5,200 square metres (56,000 sq feet).

Several new Cotai projects have recently announced some slippage of their opening dates.

U.S.-based Wynn Resorts Ltd and its subsidiary Wynn Macau Ltd have yet to provide a date for when in the third quarter the under-construction Wynn Palace casino resort will open. The US$4.2-billion project was previously scheduled to open on June 25, after a plan to launch it on March 25 was dropped.

The opening of The 13 hotel, located on the Cotai-Coloane border, has been pushed back to the fourth quarter of 2016, from an earlier target of late summer 2016, the project’s promoter announced on June 15.

A note released from brokerage Sanford C. Bernstein Ltd on June 17 noted that there is a “possibility” that the opening of Macau casino resort MGM Cotai might “trickle into the second quarter” of 2017. The brokerage has cited comments by management made at an ‘Analyst and Investor Day’ held in Las Vegas, by MGM Resorts International, the parent investor in MGM Cotai.


  • tweet
Related articles
  • Cotai expansion to aid Macau EBITDA to 2019 level: CICC
    Cotai expansion to aid Macau EBITDA to...

    Jan 26, 2021  

  • Sheldon Adelson, self-declared casino industry iconoclast
    Sheldon Adelson, self-declared casino...

    Jan 13, 2021  

More news
  • Studio City likely to raise funds for liquidity needs: specialist
    Studio City likely to raise funds for...

    Jan 28, 2021  

  • Mohegan teams with Oshidori for Nagasaki casino tilt
    Mohegan teams with Oshidori for...

    Jan 28, 2021  


Latest News

Studio City likely to raise funds for liquidity needs: specialist

Studio City likely to raise funds for liquidity needs: specialist

Jan 28, 2021  

Lucror Analytics, a research company based in Singapore that focuses on high-yield credit, says it foresees Studio City Co Ltd “would have to raise more funds” in 2022, in order to “fulfil...
Read More
Mohegan teams with Oshidori for Nagasaki casino tilt

Mohegan teams with Oshidori for Nagasaki casino tilt

Jan 28, 2021  

LVS expects substantial investment linked to Macau retender

LVS expects substantial investment linked to Macau retender

Jan 28, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"I believe that when Macau makes a decision, there is going to be a requirement to invest more"

Robert Goldstein

Chairman and chief executive of Las Vegas Sands



Most Popular

  • China said to be expanding blacklist for overseas gamblingChina said to be expanding blacklist for overseas gambling January 27, 2021
  • China diplomats warn nationals not to gamble in CambodiaChina diplomats warn nationals not to gamble in Cambodia January 27, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Okada Manila warns against online casino, sale rumoursOkada Manila warns against online casino, sale rumours January 25, 2021
  • Cotai expansion to aid Macau EBITDA to 2019 level: CICCCotai expansion to aid Macau EBITDA to 2019 level: CICC January 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us