An artist’s impression of Venetian’s Casino Resort
Judging by the number of developments that are fast taking place in Macau over the next few years, this special administrative region of the People’s Republic of China looks set to capture a bigger portion of the MICE business, reports Laura Lee.
According to the Macau Government Tourist Office (MGTO), there will be 59 new hotel developments and two existing hotels being expanded over the next 10 years. This will add 42,179 rooms to its existing supply of 12,000. See table.
|New Hotel Projects in Macau as at 31 May 2006|
|TIME REQUIRED FOR
PROJECTS TO COMPLETE
|1 – 2 years
License Applications/Construction Process
|3 – 5 years
|6 – 10 years
Among the on-going projects in Macau are:
Grand Lisboa, developed by Stanley Ho Hung Sun’s Sociedade de Jogos de Macau, SA. It covers an area of 114,000 sq. m. with a total investment of US$312 million.
Ponte 16 theme park-style development in Inner Harbour, (www.ponte16.com.mo) covering 130,000 sq. m. With investment totaling US$256 million, this project will include a 17-storey Sofitel Macau, with 420 rooms (which is expected to be ready by late 2007), entertainment areas, retail space and a MICE centre.
MGM Grand Macau with a total investment of US$ 1.06 billion. Upon its completion by the second half of 2007, it will have 600 rooms, a casino, entertainment facilities and nine restaurants.
Galaxy’s Mega Resort and Venetian’s Casino Resort at the Cotai strip, whose completion is expected by the second quarter of 2007. The development will comprise a luxury resort with casino as well as multi-purpose trade show and conference facilities.
Crown Macau in Taipaa is a Melco-PBL joint-venture project (www.melco.hk.cn) which is expected to be ready by the first half of 2007. Total investment is HK$1.5 billion for this project, which will have a six-star super exclusive and luxurious casino hotel.
Existing MICE facilities in Macau range from a 4000-seat auditorium to rooms that can hold half a dozen people. They can be housed in smart, modern hotels or in historic public buildings. Among the new entrants is Wynn Resorts Ltd, a global player of casino hotel resorts led by Stephen A Wynn, former chairman, president and chief executive officer of Mirage Resorts for over 27 years.
The Wynn Macau opened on September 6, 2006 comprises of a Las Vegas-style gaming and entertainment resort, 600 rooms, six restaurants, two lounges and bars, MICE facilities (that include a 2,500 sq. m. multi-purpose meeting space) and a retail shopping area.
The Macau World Trade Centre
The Macau Cultural Centre