Louis XII Holdings to open new luxury Macau casino
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Louis XII Holdings have announced the opening date of their new casino property in the beleaguered Chinese special administrative territory of Macau.
In some rare good news for the world’s biggest casino hotspot, this new boutique-style casino property will open its doors on July 1, 2016. This is ahead of the schedule that Louis XII Holdings had previously advised.
This new date was announced at the Daiwa Consumer and Gaming Conference that was recently held in Hong Kong. Louis XII Holdings advised that they had accelerated construction and were already ahead by two weeks.
The company first broke ground on this new casino resort exactly two years ago today. The property will be located on the Cotai Strip, next door to One Oasis, which is a residential complex that also contains a number of resorts and hotels, including the Galaxy Resort and the Sheraton Hotel.
It is still unknown who will be supplying the gaming licence for Louis XII’s new casino, or how many gaming tables will be offered at the property. The new casino has been designed by New York architect Peter Marino, and is thought to be costing Louis XII Holdings over $1 billion.
The owner of Louis XII Holdings is the Hong Kong entrepreneur Stephen Hung. Hung made the news in late 2014 when he placed an order worth $20 million with Rolls Royce, which was the single largest order ever made in Rolls Royce’s history. The price was for thirty Phantom Rolls Royce luxury vehicles, which have been purchased to service guests at the new Macau property.
This news is sure to encourage Macau investors and business owners after what has been a very troublesome few months. Since the Chinese government’s crackdown on corruption in the former Portuguese colony, revenues from gambling enterprises in the region have halved.