THE M3: NEW HOTEL (POTENTIAL CASINO); PARADISE/SAMMY KOREA

10/23/13 07:45AM EDT

THE MACAU METRO MONITOR, OCTOBER 23, 2013

US HOTEL BRAND TO OPEN 2-BILLION-PATACA MACAU BRANCH Macau News, Macau Business

Hollywood Roosevelt from Los Angeles is making Macau its Asian debut with an investment of two billion patacas to build a 373-room 1950s Hollywood-themed hotel next to the Macau Jockey Club in Taipa.  The hotel is slated to be operational between the middle and the end of 2015.  The CEO of the hotel’s management company GCP Hospitality, Christophe Vielle, said that the developer, Yoho Group would like to have a casino in the hotel.  The Gaming Inspection and Coordination Bureau has received no application to run a casino there.

MORE INFORMATION ON PARADISE/SAMMY CASINO Korean Times

The construction for “Paradise City,’’ which will be a 15-minute walk away from Incheon Airport, will begin in April 2014, according to Choi Jong-hwan, CEO of Paradise Sega Sammy.  “We expect the main customers of the casino to be from China.  The hotel at Paradise City will accommodate 700 rooms and will be equipped with state-of-the-art business facilities and large-scale convention venues. The resort will also cater to leisure travelers, with theaters, shopping centers, spas and other facilities.

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