A new casino resort that is planned to be built in Macau will concentrate on attracting customers from mainland China by offering mainly retail shops and entertainment, and not just the regular gambling experience.
The first phase of the construction of the Macau Studio City begins this month and is predicted to end by 2011. The resort will have a total floor area of 3.7 million square feet, which includes 1 million square feet of retail and studio space and 200,000 square feet of casino space. The hotel has 2,000 rooms.
In the casino's first phase, it will have 1,000 slot machines and 400 gaming tables. The second phase of construction, will begin in 2009 and the final construction to end by 2011, which will give the casino resort a total gross floor area of 6 million square feet.
Macau Studio City is a joint venture between U.S.-based New Cotai LLC and Hong Kong-listed eSun Holdings. Melco PBL Entertainment, one of six gambling license holders in Macau, will partner with the firms in order to manage the casino.
The resort's retail space will be developed along with Taubman Asia, a unit of U.S.-based retail mall developer Taubman Centers Inc.
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