Sands China Ltd. is celebrating the opening of the Parisian, a new integrated resort on the Cotai Strip in Macau. Sands China Ltd. operates the Asian branch of parent company Las Vegas Sands, which is owned by Sheldon Adelson. The Chairman and CEO of Las Vegas Sands made a speech at the opening ceremony in which he stated, “What started with a Venetian and now adds a Parisian to the family, the Cotai Strip has become one of the world’s greatest tourism marvels”.
He went on to add, “No one has believed more, or invested more, in Macao’s future as a leisure and business destination”. Sands China Ltd. President Dr. Wilfred Wong also spoke, offering his thanks to the entire team within the company, and the government for helping to make their latest project possible.
The opening ceremony included pyrotechnics and a special lights display centred around a half scale model of the Eiffel Tower. Famous Belgian singer Lara Fabian also put on a show for guests, while tourists and locals watched on large screens outside the venue. Guests later attended a dinner and were treated to another show, this time by Hong Kong singer and actress Karen Mok.
The new resort contains 3,000 guest rooms and suites along with spaces to host meetings. Entertainment at The Parisian Macau is of the highest quality, with a shopping mall which reflects the Paris tradition of street art, a theatre which seats 1,200 people along with a water park health club which is accompanied by a spa. Entertainment for children is also provided, as are numerous top class restaurants. Opening celebrations continue throughout the course of September, with fashion shows and other events planned for September 15th and 16th.
This new addition to the Cotai Strip is not an isolated project being undertaken by Sands China Ltd. As according to reports by Bloomberg, Sands has now turned its focus to other key locations in Asia. Adelson stated that he no longer finds Macau economically attractive. “There doesn’t seem to be too much more growth here”.
Instead of trying to expand his empire in the former Portuguese colony, he is now looking for key Asian locations to invest in. Namely, Japan Korea, Vietnam and Thailand.
Furthermore, Adelson is said to be considering the idea of a huge European project once again, which would echo the size and scale of Las Vegas. His attempts to set a USD$30 billion mega resort deal in motion ground to a halt in Spain during 2013. He remains optimistic that this dream can one day become a reality.
Article by Craig B.