The Parisian

The Parisian
澳門巴黎人
Location Cotai, Macau, China
Opening date September 13, 2016 (September 13, 2016)
Theme Paris, France
No. of rooms 3,000
Casino type Land-based
Owner Las Vegas Sands
Website www.parisianmacao.com

The Parisian (Chinese: 澳門巴黎人) is a luxury hotel in Cotai, Macau, China owned by Las Vegas Sands, which has a half-scale Eiffel Tower as one its landmarks.[1] It was originally expected to be operational in late 2015,[2] with that later changed to August 2016.[3] The hotel officially opened on 13 September 2016.[4]

History

Development and construction

The Parisian under construction in August 2015.

The Parisian was estimated to cost around $2.5 billion and is being funded by Las Vegas Sands with $1.5 billion in bank loans and $900 million to $1 billion in cash. The company will also have to pay a penalty of 900,000 patacas ($112,700) for the delay in developing the plot.[5]

Construction began in February 2013.[6] It was originally expected to be operational in late 2015,[2] but was open in September 2016. Launch quarter results were below expectations.[7]

Design

The Parisian has a half-scale 525-foot Eiffel Tower as one of its landmarks.[1]

The property has approximately 3000 hotel rooms, 170 shops and 56,000 sq feet of meeting space. In addition, the resort features a 1,200-seat theatre. For the first month of the hotel's opening, the theatre hosted Thriller Live, and hopes to attract more Broadway and West End performances. [8][9][10]

The interior has a large fountain and atrium giving a feel of modern France. There are 150 gaming tables allotted to the property, of which 100 were allotted at launch and the next 50 will be allotted over the next years.[11]

Shoppes in the retail arcade include Adidas, Calvin Klein and Breitling.

See also

References

  1. 1 2 Trefis Team (12 March 2014). "Why Is The Cotai Vision A Boon For Las Vegas Sands?". Forbes. Retrieved 21 August 2014.
  2. 1 2 "INVESTOR RELATIONS". Sands China. 21 August 2014. Retrieved 21 August 2014.
  3. ↑ Macau Mak (24 July 2015). "Sands soars as profits surprise". The Standard (Hong Kong).
  4. ↑ Renato Marques (14 September 2016). "The Parisian opens with Optimism". Macau Daily Times.
  5. ↑ Vinicy Chan (20 September 2012). "Sands to Add $2.5 Billion Macau Resort in Biggest Casino Hub". Business Week. Retrieved 21 August 2014.
  6. ↑ Christopher Palmeri (1 February 2013). "Las Vegas Sands Rises as Macau Casino Results Beat Forecasts". Bloomberg News. Retrieved 21 August 2014.
  7. ↑ Cohen, Muhammad. "Why Mass Market Remains A Better Bet Over VIP For Macau". Forbes. Retrieved 2017-02-16.
  8. ↑
  9. ↑
  10. ↑
  11. ↑ "Sands China Gets 150 Gambling Tables in Macau's Closely Watched Decision". Fortune. Retrieved 2017-02-20.

Coordinates: 22°08′37″N 113°33′39″E / 22.1437°N 113.5607°E / 22.1437; 113.5607

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.