Resorts World Macau
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Source: https://www.booking.com/hotel/mo/po-yoho-resorts-world-hotel.en-gb.html

According to Google this is exactly what happened. The brand name remains but prefaced with YOHO, very strange and without a casino element.

The new YOHO Treasure Island Resorts World Hotel near Nam Van Lake has recently announced the postponement of its grand opening to January 26. After conducting a soft opening since August, the hotel initially scheduled its official opening for December 15, 2023.

The resort will feature two hotels, namely “YOHO Treasure Island Hotel” and “YOHO Resorts World Hotel,” offering a total of 600 rooms and suites. It will also showcase six international brands, including the department store chain Galeries Lafayette and the U.S. fitness chain UFC Gym, as well as a Bona Film Group cinema, but without a casino.

The five-story building covers an area of 8,100 square meters, with a total construction cost of around MOP 4.7 billion (US$584 million).

Leisure and hospitality company Genting Hong Kong Limited, which used to hold its interests in Treasure Island Entertainment Complex Limited, sold its stake in January 2021 to a company owned by local real estate businesswoman Ao Mio Leong for HK$750 million.

With business interests in real estate, leisure, and hospitality investments, Ao is also connected to the real estate development company Yoho Group, which has been involved in the development of the Macau Roosevelt Hotel – where the signing ceremony was held – at the Macau Jockey Club land plot; the Yoho Twins, and the Co-Tai Marina Bay project.

Source: https://www.macaubusiness.com/yoho-treasure-island-resorts-worldhotel-official-opening-rescheduled-to-january-26/#:~:text=YOHO%20Treasure%20Island%20Resorts%20WorldHotel,cinema%2C%20but%20without%20a%20casino.

Sounds very strange to me that Genting would license its 'Resorts World' flagship brand to a third-party investor, particularly in Asia.

Finally a view of the road side of the building, it has signage now for Galleries Lafayette and the boardwalk is open.

So to confirm - Genting is no longer a stakeholder in this property but they continue to use the "Resorts World" name so assume this was sold along with their stake in the business?

Leisure and hospitality company Genting Hong Kong Limited, which used to hold its interests in Treasure Island Entertainment Complex Limited, sold the interests in January 2021 to a company owned by local real estate businesswoman, Ao Mio Leong, for HK$750 million.

Source: https://www.macaubusiness.com/yoho-treasure-island-resorts-world-hotel-to-initiate-soft-opening-in-august/

Originally Posted by Guest

So just to be clear, this is or is NOT a Genting-licensed or -owned property?
And seriously, no casino floor? How is it supposed to survive in Macau?

So just to be clear, this is or is NOT a Genting-licensed or -owned property?

And seriously, no casino floor? How is it supposed to survive in Macau?

The development is due to open its doors to the public on 1 October 2023, having delayed its previous launch date of December 2022. In a statement, Jones Lang LaSalle said that 80% of retail space in the Resorts World Macau mall has now been leased, reflecting retailers’ renewed confidence in the Macau consumer market.

Source: https://www.asgam.com/index.php/2023/06/12/former-genting-hotel-development-on-macau-peninsula-to-open-in-october-80-of-retail-outlets-now-leased/

The new YOHO Treasure Island Resorts World Hotel near Nam Vam Lake will initiate its soft opening this August, a source close to the project told Macau News Agency.

Covering an area of 8,100 square meters with a total construction cost of about MOP4.7 billion (US$583.8 million) the Treasure Island Resort World Hotel will have a total of 600 rooms and a building height of over 70 metres.

Source: https://www.casino.org/news/treasure-island-macau-opening-with-galeries-lafayette/

The Shopping area was due to open in December 2022, does anyone know if it has opened or what the most recent status is?

Treasure Island Resort World Hotel and Shopping Centre in Nam Vam Lake near Praca Ferreira Amaral will open in December, 2022.
The project’s shopping centre will include a fourth store by Parisian department store Galeries Lafayette to open in Greater China, with further details on the project’s offerings to be revealed by representatives from Bona Film Group and Forward Fashion (International) next week.

Source: https://www.macaubusiness.com/nam-vam-lake-resort-shopping-project-to-open-in-dec-2022

Video from the end of September showing great progress on the building!

The upcoming Treasure Island Resort World Hotel and Shopping Centre in Nam Vam Lake near Praca Ferreira Amaral will not include a casino, following Chinese national policy hopes that Macau could diversify local tourism offerings away from gambling, Oliver Tong, general manager at JLL Macau told MNA after a signing ceremony held today (Monday).

Covering an area of 8,100 square meters with a total construction cost of about MOP4.7 billion (US$583.8 million) the Treasure Island Resort World Hotel will have a total of 600 rooms and a building height of over 70 metres.

In its last annual report before it was divested from the project Genting Hong Kong had expressed that it planned to develop a hotel and casino on the site

However, the JLL manager told MNA today that no gaming area will be open in the new project, adding that this is a new direction that many brands agree with.

“The national policies are not very supportive towards large-amount gambling,” Oliver said, “small-amount gambling is fine, however, the central government still hopes that Macau can develop a more diversified local tourism, promoting different aspects of Macau.”

According to the property’s developer, the hotel will have two different styles of guest rooms: one is fashioned in the US Treasure Island style, while the other is in the Singapore Resorts World style, while all rooms will enjoy either a scenic Macau and Taipa sea views or Nam Van Lake views.

Source: https://www.macaubusiness.com/no-casinos-in-future-treasure-island-resort-world-hotel-and-shopping-centre/