Macau needs to offer a diversified and attractive tourism product mix<\/a> and experience,” the paper concludes, echoing what has, in fact, been a very successful venture in that very direction for Las Vegas over the past decade.<\/p>\nSounds Like Sin City<\/b><\/h2>\n
As just one example of this, Las Vegas Sands Chairman and CEO Sheldon Adelson is focusing more of his time on conventions and sports than gambling these days, as the billionaire is collaborating with Oakland Raiders owner Mark Davis in trying to relocate the NFL franchise to Sin City.<\/p>\n
Adelson also recently announced plans to build what he claims will be a first of its kind, 400,000-square-foot entertainment concert venue behind his Venetian and Palazzo resorts.<\/p>\n
MGM recently finished the T-Mobile Arena, which seems to be doing gangbusters in its first few months of business booking A-list performers, and Steve Wynn wants to build an artificial 38-acre lake to house a water park equipped with water skiing, paddle boarding, parasailing, zip lining, and more.<\/p>\n
Meanwhile, back in Macau, Adelson’s planned Parisian resort, scheduled to open in July on the Cotai Strip, will feature a half-scale Eiffel Tower replica, 250 boutique shops, a spa, and 56,000 square feet of conference space.<\/p>\n
Wynn is also readying to open his second Macau destination. The Wynn Palace will feature an eight-acre “performance lake,” gondolas, meeting space, spa, salon, and retail shopping.<\/p>\n
Which, come to think of it, does sound an awful lot like Las Vegas East.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau gambling revenue slid 9.6 percent in May, according to data supplied by the southern Chinese territory’s Gaming Inspection and Coordination Bureau. The city’s nearly three dozen casinos collected 18.4 billion patacas ($2.3 billion) last month, some $240 million less than it did in May of 2015. And that marked the 24th straight month of […]<\/p>\n","protected":false},"author":42,"featured_media":36389,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,18],"tags":[],"acf":[],"yoast_head":"\n
Macau Gambling Revenue Falls Short of Estimates, Again<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n