New Projects Underway in Cotai

New projects operated by the six casino concessionaires will be completed within the next few years.

The tourism industry in Macau will usher in a new round of development. New projects operated by the six casino concessionaires will be completed within the next few years, with construction already underway. Of these, The Parisian Macau, Galaxy Mega Resort (Phase II) and Studio City Macau are slated to open in 2015, while MGM Cotai and Wynn Palace are expected to open their doors by 2016 and SJM expects to unveil Lisboa Palace in 2017.

By the end of 2015, three of Macau’s gaming concessionaires will have completed multi-billion dollar projects on the Strip, including Galaxy Mega Resort (Phase II), Studio City Macau and The Parisian Macau by Sands China. Studio City Macau is a cinematically-themed project integrating television and film production facilities, retail, gaming and hotels, providing about 1,600 hotel rooms and facilitating a multi-purpose entertainment studio of 5,000 seats.

The Parisian Macau, operated by Sands China, features approximately 3,000 hotel rooms plus the Eiffel Tower, an exact half-size replica of the original. Phase II of Galaxy Mega Resort is considered an enhanced version of Phase I, housing over 200 luxury stores, with meeting, event and banquet space providing capacity for over 3,000 guests and 1,300 or so hotel rooms and suites.

Wynn Palace and MGM Cotai are slated to open in 2016. Wynn Palace is a fully integrated resort comprising a 1,700-room hotel, Performance Lake, and meeting space, casino, spa and retail offerings plus food and beverage outlets. Some 1,600 hotel rooms, a grand pavilion, 37 luxury villas, private garden and restaurants, and banquet facilities are planned for MGM Cotai.

SJM will unveil Lisboa Palace in 2017, which will include some 2,000 hotel rooms housed in The Lisboa Palace Hotel, Palazzo Versace Macau and Karl Lagerfeld Hotel. It will also provide a number of fine dining restaurants, a luxury shopping centre, grand wedding pavilion and a multi-purpose theatre for celebrations and events.