Las Vegas Sands Corp. will open The Parisian, a resort embellished with a half-scale replica of the Eiffel Tower is all set to open in Macau on Sept.13. The company said this in its earning call with its investors. With the opening of The Parisian, Sands resort will have 13,000 rooms and four interconnected resorts in Macau with four performance centres, 2 million square feet of convention space and an arena. The Parisian Macao is the crowning jewel of Mr. Sheldon G. Adelson’s vision for the Cotai Strip in Macao.
Sands Chairman and CEO Sheldon Adelson at the conclusion of the conference call said about The Parisian:
“It is one of the most beautifully decorated public spaces for any hotel in the world,” “It is real, really magnificent and is going to be a high-demand hotel.”
Another property and major resort – Steve Wynn’s Wynn Palace is already opened three weeks earlier than The Parisian Macau on Aug.22.
Adelson said about the other property that “It’s just a 20-minute walk from the Venetian (Macau) to the Wynn (Palace),” “So we’re hoping he’ll do very well.”
With its opening, next week with 410 gaming tables Parisian Macao casino has received only 100 new to market tables from Macau regulators. Sands China President Wilfred Wong revealed that the company will transfer 310 underutilised tables from Sands other Macau properties to ensure a full complement of gambling options when the property opens on September 13. Sands China was one of the first operators in Macau after SJM holdings monopoly came to a close. It has four other properties here from where they can poach tables. The Parisian has formally been granted 150 new tables this week but 25 of those won’t become available till until Jan.1, 2017 with the final 25 arriving the following year.
Wong said the Parisian was aimed squarely at a “middle class” audience, making it “a really good addition to the family” of Sands’ properties. The Parisian will feature 170 retail shops, but Wong says they will be “mid-priced.” For example, “we don’t sell Hermés, we don’t sell LV, because that is the Four Seasons shops. So we have a segmentation of our customers and that in itself is an attraction.” The Parisian is targeting middle-class segment and the smaller room size and price could lead visitors to spend more on gambling and non-gaming amenities.
