• 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, city’s new US$2.7-bln bet, opens today

Sep 13, 2016 Newsdesk Latest News, Macau, Top of the deck  


Parisian Macao, city’s new US$2.7-bln bet, opens today

The Parisian Macao, the latest Macau gaming and entertainment resort from Sands China Ltd, opens to the public today (September 13).

The opening celebrations for the US$2.7-billion project will include fireworks, a light show at the destination’s half-scale replica of Paris’s famous Eiffel Tower landmark, and performances by Belgian soul singer Lara Fabian, and Hong Kong singer and actor Karen Mok Man Wai.

The casino resort is positioned to attract middle-class and family customers by offering an “affordable luxury experience”, said Sands China’s president Wilfred Wong Ying Wai in comments to local media in the week prior to the launch.

Since the Parisian Macao concept was first announced by Sands China’s parent Las Vegas Sands Corp in 2012, the structure of the Macau gaming market has changed, with revenues of the traditional backbone – VIP gaming – softening for two years straight, while the mass-market has recently made gains.

Nonetheless, the Parisian Macao – unlike its Cotai next-door neighbour Studio City, promoted by Melco Crown Entertainment Ltd – will have VIP gambling from the beginning.

Mr Wong confirmed last week that of the 410 gaming tables at the Parisian Macao when it opens, a total of 49 would be for VIP gambling. He also stated there would be three VIP gaming rooms at the casino resort, including a VIP play facility directly managed by the company.

A total of 310 of the 450 live gaming tables that are available at the Parisian Macao from the opening day have been transferred from other Macau properties of the company.

Under Macau’s table cap, the city’s government has given the property 100 new-to-market live dealer gaming tables on opening. The Parisian Macao is to be granted an additional 50 new-to-market tables in two separate phases: 25 tables on January 1, 2017; and the remaining 25 on January 1, 2018.

All the new-to-market tables for the Parisian Macao are earmarked for the mass-market segment, the government said.

The property was additionally authorised to install 1,600 new slot machines on its casino floor.

The Parisian Macao adds 3,000 hotel rooms and suites to the local market, as well as meeting space, shops, and a themed water park, according to Sands China.

The opening comes at a time of mixed messages from investment analysts regarding the Macau market. Last week Deutsche Bank AG said in a note that Macau was “at the start of a mass-led GGR [gross gaming revenue] recovery”.

But on September 5, analysts at Japanese brokerage Nomura said Macau market data pointed to declining hotel room rates; declining average spend from overnight visitors; and “disappointing” returns on invested capital of 3 percent to 4 percent for Studio City which opened on October 27 last year, and for Galaxy [Macau] Phase 2, a scheme from Galaxy Entertainment Group Ltd, which opened on May 27 last year.

The launch of the Parisian Macao comes only weeks after the opening of the US$4.2-billion Wynn Palace, promoted by Wynn Macau Ltd, prompting some analysts to fret about the risk of oversupply in the current market.

Nonetheless, Christopher Jones, an analyst at the Buckingham Research Group said in a Monday note: “We are encouraged by the momentum in the market for September and believe that the opening of the Parisian… can only add to this momentum.”


  • tweet
Related articles
  • Sands China premium mass at 50pct pre-Covid levels: COO
    Sands China premium mass at 50pct...

    Apr 22, 2021  

  • Sands China 1Q EBITDA up as premium mass rebounds
    Sands China 1Q EBITDA up as premium...

    Apr 22, 2021  

More news
  • Launch of Tigre de Cristal phase 2 now 2023: promoter
    Launch of Tigre de Cristal phase 2 now...

    Apr 23, 2021  

  • Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s
    Melco Resorts 2021 revenue likely 50pct...

    Apr 23, 2021  


Latest News

Launch of Tigre de Cristal phase 2 now 2023: promoter

Launch of Tigre de Cristal phase 2 now 2023: promoter

Apr 23, 2021  

Hong Kong-listed Summit Ascent Holdings Ltd, the promoter of the Tigre de Cristal casino resort (pictured) in Vladivostok, Russia, said the firm is now targeting the launch of the “first stage”...
Read More
Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s

Melco Resorts 2021 revenue likely 50pct of 2019: Moody’s

Apr 23, 2021  

SuzoHapp says higher prices due to shortages, logistics 

SuzoHapp says higher prices due to shortages, logistics 

Apr 23, 2021  

Grand Lisboa Palace has passed final inspections: SJM

Grand Lisboa Palace has passed final inspections: SJM

Apr 23, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”At Grand Lisboa Palace, we have passed several of the final government inspections, and we expect to receive our operating permit soon”

Ambrose So

Chief executive of Macau casino operator SJM Holdings



Most Popular

  • GEN Malaysia likely 2021 loss amid pandemic: MaybankGEN Malaysia likely 2021 loss amid pandemic: Maybank April 21, 2021
  • NUSTAR complex in Cebu slated to open 2022: UHRINUSTAR complex in Cebu slated to open 2022: UHRI April 16, 2021
  • Macau gaming demand recovering comfortably: analystsMacau gaming demand recovering comfortably: analysts April 20, 2021
  • Talks on NagaWorld lay-offs amid pandemic: sourceTalks on NagaWorld lay-offs amid pandemic: source April 19, 2021
  • Galaxy Ent launches voluntary exit scheme for pit bossesGalaxy Ent launches voluntary exit scheme for pit bosses April 22, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us