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  1. MarkEm is offline resortX Top Investigator
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    Nov 2020
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    Macau casino stocks lose almost US$5 billion in sell-off as China’s gambling crackdown snares junket boss
    Macau casino stocks tumbled, erasing US$4.8 billion of market value in Hong Kong, as the arrest of the head of the biggest junket operator in the gambling hub revived concerns about Beijing’s increased scrutiny of the industry.

    Sands China and Galaxy Entertainment, the two gaming stocks on the benchmark Hang Seng Index, dropped more than 5 per cent on Monday, extending a sell-off on Friday that was spurred by the emerge of the Omicron virus strain. MGM China sank 10 per cent. The losses were much wider than the index’s 1 per cent decline.
    “Macau’s go-go years do seem over,” said Steve Vickers, a risk management consultant at Steve Vickers & Associates and a former Hong Kong policeman. “Investors in the casino businesses should manage expectations accordingly.”
    Suncity’s junket revenue will probably drop by 30 to 50 per cent in coming weeks, according to JPMorgan Chase, calling the detention “really bad” for the industry. Suncity accounts for about 45 per cent of the junket market, or 15 per cent of Macau’s total gross gaming revenue in 2019, it said.
    Source: https://sportsgrindentertainment.com/macau-casino-stocks-lose-almost-us5-billion-in-sell-off-as-chinas-gambling-crackdown-snares-junket-boss/

  2. ResortsAhoy is online now resortX Top Investigator
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    More details on the Macau Studio City expansion

    Zaha Hadid Architects has been remarkably busy lately, unveiling its Budapest proposal and the completed Infinitus Plaza within days of each other. The high-profile British firm has now taken the wraps off yet another project, which is currently under construction in China and consists of two eye-catching towers in a casino resort that are designed to mitigate their carbon footprint with sustainability features.
    The Studio City Phase 2 development is located in the "Hollywood-inspired" Studio City resort in Macau and will expand its facilities. The towers are now reported to have reached their maximum height – marked by a recent topping off ceremony – though as of writing we're awaiting word from ZHA to confirm how tall they actually are. To put them into some kind of context, a similarly sized building nearby reaches a height of 152 m (almost 500 ft).
    Stylistically, the towers are informed by the Art Deco-inspired architecture of the resort and have an elliptical overall form. Their interiors will host two luxury hotels with 900 rooms and suites, plus 21,000 sq m (roughly 226,000 sq ft) of retail and dining space, and 2,300 sq m (24,800 sq ft) of gaming space.
    Source: https://newatlas.com/architecture/zaha-hadid-studio-city-phase-2-macau/

  3. mrg
    mrg is offline resortX Top Investigator
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    Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, today held a topping out ceremony and unveiled the design concept for the highly anticipated Studio City Phase 2, scheduled to complete before end of December 2022. The Ceremony was hosted by Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, together with representatives from Melco to celebrate the new start of Studio City.

    Designed by renowned international architecture firm Zaha Hadid Architects, the USD 1.3 billion Studio City Phase 2 complex further complements the integrated resort’s existing Phase 1, which features a modern interpretation of the rich detailing, bold geometries and craftsmanship of the Art Deco period. The thrilling new entertainment and leisure destination will offer one of Asia’s largest indoor & outdoor water parks, a six-screen Cineplex comprising two regular houses and four VIP suites, as well as a state-of-the-art MICE space.

    Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said, “Melco has a strong track record of contributing to Macau’s ongoing development as a world center of leisure tourism. Studio City Phase 2 reaffirms our ongoing commitment to the city and contributes to reinforcing Macau’s non-gaming proposition in Asia and internationally. We are grateful for the support of the Central and Macau governments during the project construction.”

    Mr. David Sisk, Chief Operating Officer of Macau Resorts, Melco, said, “Since opening in 2015, Studio City has become a destination landmark in Macau with its unique entertainment theme and experience. The extension project will complement our existing offering of ‘next-generation’ world-class entertainment and further enhance the distinctive Studio City experience.”

    With a total gross floor area of approximately 250,000 square meters, Studio City Phase 2 is located in the Cotai area of Macau, comprising two luxury hotel towers with 900 rooms and suites, a retail complex of over 21,000 square meters and gaming space of over 2,300 square meters. It has also been named winner of the ‘Regional Award, Asia’ at BREEAM Awards 2021 in recognition of its incorporation of sustainable building design, development and management. Studio City Phase 2 is progressing on track for completion before December 27, 2022.
















    https://ir.melco-resorts.com/news-releases/news-release-details/melco-celebrates-construction-milestone-studio-city-phase-two/
    https://www.breeam.com/case-studies/studio-city-phase-ii-china/
    https://www.archdaily.com/972142/zhas-studio-city-phase-2-in-china-has-topped-out
    https://www.instagram.com/p/CWXWwXRhHFp/
    https://www.instagram.com/p/CWORV22vQHb/

  4. ResortsAhoy is online now resortX Top Investigator
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    New rules and regulations are wiping value from foreign-invested hotels in Macau and could change the future of some of the resorts.

    Authorities in the Chinese territory unveiled the biggest shock to the sector since the start of the pandemic: a sweeping proposal to increase oversight that could wrest control of the lucrative industry away from foreign shareholders.
    The news wiped $20bn off the value of listed gambling operators, which include Sands China, MGM China, and Wynn Macau. An index that tracks the industry recorded its worst day on record. Industry executives and analysts were blindsided by the extent of the proposed restrictions, which could force them to impose deep changes to their business, including appointing government supervisors to enforce official policy from within. Gaming licence renewals were also not guaranteed.
    Casino operators met Macau government officials on Monday, their only scheduled meeting during a 45-day consultation period on the legislation.

    The meeting was called so abruptly that descendants of the late casino mogul Stanley Ho, including his daughters Pansy and Daisy who have taken over his holdings, and his son Lawrence, head of Melco Resorts in Macau, were unable to rush back to the Chinese territory in time.
    Source: https://www.ft.com/content/417f2513-37b2-4900-ac36-4729df36ae1b

  5. MarkEm is offline resortX Top Investigator
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    Good news for Macau it seems...

    In Macau and aggregated gross gaming revenues for August reportedly increased by some 234% year-on-year to top $554.49 million despite the disruption associated with a minor outbreak of coronavirus in neighboring China.
    According to a report from Inside Asian Gaming citing official information from the Gaming Inspection and Coordination Bureau regulator, the figure for the 31-day period represented the seventh consecutive month of year-on-year improvements and took the former Portuguese enclave’s associated eight-month tally up by 70.1% to approximately $7.72 billion.
    Source: https://news.worldcasinodirectory.com/macau-gaming-revenues-chalk-up-august-advance-despite-sequential-setback-96533

  6. MarkEm is offline resortX Top Investigator
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    The Londoner Macau opened in July but some parts are still awaiting their grand opening and construction is still ongoing.







    Macau casino operator Sands China Ltd is to have a “full opening” for Londoner Court, with its 300-plus accommodation units, in time for October Golden Week, said on Friday Wilfred Wong Ying Wai (pictured), the firm’s president and an executive director. Londoner Court, at the Londoner Macao, the revamped, British-themed, Cotai casino resort formerly known as Sands Cotai Central, will offer serviced-apartment type living, geared for “high-end clientele” and families, said Mr Wong.
    The executive reiterated that the rest of the Londoner Macao, including the exteriors – such as the scale replica of the Palace of Westminster’s Elizabeth Tower, known popularly as ‘Big Ben’ – would be completed in coming months. Mr Wong further stated that with a 6,000–seat arena to be completed at the resort in the first quarter of next year, “everything at the Londoner” would be completed.
    Source:
    https://www.ggrasia.com/londoner-court-at-londoner-macao-open-by-oct-golden-week/
    https://www.londonermacao.com/macau-attractions.html
    https://www.trip.com/hotels/macau-hotel-detail-69459366/the-londoner-hotel

  7. Resort_Design is offline Senior Park Investigator
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    Wow Feature Design Company: Studio City Macau 'Titanic Lobby' by Legacy Entertainment

    Early in the Blue Sky Concept Design phase of Studio City Macau, one idea explored was a Titanic-themed central lobby.

    In addition to a grand lobby inspired by that of the famed vessel, this space also would have featured a 'dry-for-wet' sunken Titanic miniature set beneath a thin layer of water.

    Throughout this space, guests would also have been able to enjoy replica's of Titanic's bars and First Class Dining Room.
















  8. Resort_Design is offline Senior Park Investigator
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    Macau Casino Design / Water Park Design: Studio City Macau Lazy River

    Studio City Macau recently opened a brand new rooftop Water Park supplied by WhiteWater West.

    During the resort's planning stage, one option explored was that of a unique Lazy River attraction themed to the Monkey King. The concept was developed by Legacy Entertainment- the resort's overall design firm.














  9. ResortsAhoy is online now resortX Top Investigator
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    The first two phases of Galaxy Macau had five themed hotels. Phase 3, now under construction, will add 1,500 hotel rooms, some casino space, the 16,000 seat “Galaxy Arena” and 37,000 sq m of conference and exhibition space. Phase 4 will add 2,000 hotel rooms but little gaming area.

    Under the legally-binding letter of intent signed with China Construction, work is expected to take 1,053 days – just under three years – to complete. When phases three and four are complete, the resort will double in size to 2 million sq m, making it one of the world’s largest leisure and conference destinations.
    Source: https://www.globalconstructionreview.com/news/macau-casino-appoints-china-construction-contracto/

  10. ResortsAhoy is online now resortX Top Investigator
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    Galaxy Entertainment Group hires construction firm, flags commencement of Galaxy Macau Phase 4 development
    Macau’s Galaxy Entertainment Group (GEG) has entered into a legally binding Letter of Intent with China Construction that will see the latter provide construction and related services for Galaxy Macau’s Phase 4 development at a cost of MOP$13.01 billion (US$1.63 billion).
    According to information filed with the Hong Kong Stock Exchange overnight, China Construction – a subsidiary of China State Construction International Holdings Limited operating mainly in Macau – will provide “construction and related services including but not limited to management, temporary works, general facilities and attendance, application and management of labour quota; construction of basement box structure, structural carcass, link bridges; and construction and completion of all specialist work packages through nominated subcontractors/suppliers and/or direct contractors,” for Galaxy Macau Phase 4.
    Source: https://www.asgam.com/index.php/2021/02/22/galaxy-entertainment-group-hires-construction-firm-flags-commencement-of-galaxy-macau-phase-4-development/

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