“A notable accomplishment of the second quarter, and one that will have a significant impact starting in late 2009, was the announcement of a location-based entertainment project in Macao. Under the terms of the deal, we will be partnering with Macao Studio City to create within their very large footprint on Cotai, a 40,000 square foot multi-faceted entertainment center that will be called Playboy Mansion Macao. It will feature various aspects of the Playboy mansion including a game room, Hugh M. Hefner villa, pool, and grotto, as well as dining, nightclub, retail space, and of course gaming.
We have excellent partners who have a terrific location on Macao and have demonstrated a strong sense of how the Playboy brand can be effectively used. Our partners include eSun, one of Asia’s leading media and entertainment companies, New Cotai, a consortium of US investors, and CapitaLand, one of the largest real estate companies in Asia. Macao Studio City’s co-chairman is David Friedman, who was Sheldon Adelson’s number two for many years and played a key role in opening the Sands Casino in Macao.
The complex includes a Ritz Carlton, a Marriot, and David Tang’s first Asian hotel. It also includes 1 million square feet of retail which will be developed by Taubman. Melco will be the gaming operator, and combined, these terrific partners provide the market knowledge, operating expertise, and access to capital that will help insure a highly successful venture. Of equal importance to us is the value they clearly place on the Playboy brand.”
Quote is from Playboy’s 2nd Quarter of 2007 Investor Earnings Call, via SeekingAlpha.com
To serious companies that have resort and hotel / casinos as their interest.
Macau has Cotai Strip and Vietnam has a proposal called Ho Tram Strip. Is their a big difference?
Of course, the one in Macau is alredy in operation and expanding. And the other one is still suspect or very suspect.
Anyhow why not the Royal Kingdom of Cambodia where gaming has been legalized many years ago.
There are reasons to take serious considerations but this is not the venue.
Comment by jethro mayham — July 26, 2008 @ 1:42 am |