The Parisian Macao (Chinese: 澳門巴黎人) is a casino resort on the Cotai Strip in Cotai, Macau, China owned by Las Vegas Sands, which features a half-scale Eiffel Tower as one of its landmarks.[1] It was originally expected to be operational in late 2015,[2] with that later changed to August 2016.[3] The hotel officially opened on 13 September 2016.[4]

The Parisian Macao
澳門巴黎人 (Yue Chinese)
Location Cotai, Macau, SAR - China
Opening dateSeptember 13, 2016; 7 years ago (September 13, 2016)
ThemeParis, France
No. of rooms2,700
Casino typeLand-based
OwnerLas Vegas Sands
Websitewww.parisianmacao.com
The Parisian Macao
Traditional Chinese澳門巴黎人
Simplified Chinese澳门巴黎人

History

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Development and construction

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The Parisian under construction in August 2015.

The Parisian Macao was estimated to cost around $2.5 billion and is being funded by Las Vegas Sands with $1.5 billion in bank loans and $900 million to $1 billion in cash. The company will also have to pay a penalty of 900,000 patacas ($112,700) for the delay in developing the plot.[5]

Construction began in February 2013.[6]

Opening (2016)

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Originally expected to be operational in late 2015,[2] the completion of The Parisian Macao was delayed and finally opened in September 2016. However, its launch quarter results were below expectations.[7]

Downsizing (2019)

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In 2019, 600 rooms in The Parisian Macao were renovated to become 300 new suites to meet rising demands.[8] This brings the total room count from the original 3,000 rooms and suites to approximately 2,700.

Design

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The Parisian Macao features a half-scale 525-foot Eiffel Tower as one of its landmarks.[1]

The property has approximately 2,700 hotel rooms, 170 shops and 56,000 square feet of meeting space. In addition, the resort features a 1,200-seat theatre. For the first month of the hotel's opening, the theatre hosted Thriller Live, and hopes to attract more Broadway and West End performances.[9][10][11]

The interior has a large fountain and atrium giving a feel of modern France. There are 150 gaming tables allotted to the property, of which 100 were allotted at launch and the next 50 will be allotted over the next years.[12]

Shops in the retail arcade, Shoppes at Parisian include Adidas, Calvin Klein and Breitling.

Transportation

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There are several shuttle bus services connecting The Parisian Macao to Macau's major ports of entry and nearby resorts. These shuttle services are provided free of charge. However, due to the COVID-19 pandemic, some services are temporarily not in operation.[13]

Macau Light Rapid Transit

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The Parisian Macao is within walking distance from Cotai West Station on the Taipa section of the Macau Light Rapid Transit that serves the Cotai Strip and the larger area of Cotai.[14]

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See also

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References

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  1. ^ a b Trefis Team (12 March 2014). "Why Is The Cotai Vision A Boon For Las Vegas Sands?". Forbes. Retrieved 21 August 2014.
  2. ^ a b "INVESTOR RELATIONS". Sands China. 21 August 2014. Retrieved 21 August 2014.
  3. ^ Macau Mak (24 July 2015). "Sands soars as profits surprise". The Standard (Hong Kong). Archived from the original on 4 October 2015.
  4. ^ Renato Marques (14 September 2016). "The Parisian opens with Optimism". Macau Daily Times.
  5. ^ Vinicy Chan (20 September 2012). "Sands to Add $2.5 Billion Macau Resort in Biggest Casino Hub". Business Week. Archived from the original on September 21, 2012. Retrieved 21 August 2014.
  6. ^ Christopher Palmeri (1 February 2013). "Las Vegas Sands Rises as Macau Casino Results Beat Forecasts". Bloomberg News. Retrieved 21 August 2014.
  7. ^ Cohen, Muhammad. "Why Mass Market Remains A Better Bet Over VIP For Macau". Forbes. Retrieved 2017-02-16.
  8. ^ "GGRAsia – Sands China mass-market leader in next 5 yrs: Bernstein". GGRAsia. Retrieved 2021-02-21.
  9. ^ Keegan, Matthew (September 5, 2016). "First look inside the US$2.7 billion Parisian Macao". scmp.com.
  10. ^ Velotta, Richard (September 10, 2016). "New $2.7 Parisian resort to open Tuesday in Macau". Las Vegas Review-Journal.
  11. ^ Peters, Ed (September 15, 2016). "The Parisian Macao: all you need to know about new resort". scmp.com.
  12. ^ "Sands China Gets 150 Gambling Tables in Macau's Closely Watched Decision". Fortune. Retrieved 2017-02-20.
  13. ^ "Schedules of The Parisian Shuttle Bus Services". Sands Resorts Macao.
  14. ^ "Cotai West Station". Macao Light Rapid Transit Corporation.
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22°08′37″N 113°33′39″E / 22.1437°N 113.5607°E / 22.1437; 113.5607