Inside Asian Gaming

June 2010 | INSIDE ASIAN GAMING 13 Cotai 2.0 (2011 onwards) Galaxy Macau US$1.8 billion 1,500 420,000 Galaxy, Banyan Tree, Hotel Okura 2,250 and 10 villas 21,500 N/A 350-ton white sand beach; 10,800 sq. ft China Rouge bar & lounge Sands China Cotai Five and Six Phase 1 US$2 billion TBA 300,000 (Phase 1) Sheraton, Traders, Shangri-La. (Phase 3) St Regis 6,400 Cotai Concept Mall 800,000 333,500 Playboy Mansion Macao 30,000 sq. ft Sands China Cotai Seven and Eight TBC TBC TBC TBC TBC TBC TBC TBC Wynn Cotai TBC TBC TBC TBC TBC TBC TBC TBC Macao Studio City Originally US$2 billion TBC TBC TBC TBC TBC TBC TBC SJM Cotai TBC TBC TBC TBC TBC TBC TBC TBC MGM Cotai TBC TBC TBC TBC TBC TBC TBC TBC Cost First half 2011 (1st phase) Q3 2011 TBA YE 2013 TBC TBC TBC Opening 400 (first phase) 600 (eventual) 400 (estimate, first phase) TBC TBC TBC TBC TBC No. of Gaming Tables No. of Slots Casino Area (sq. ft) Hotel Brands No. of Hotel Rooms Retail Space (sq. ft) Convention Space (sq. ft) Special Features But the piece of land currently reserved for Wynn could hardly be described as the best position on Cotai. While it has the benefit of being close to Macau International Airport, it is well off the Strip, tucked behind City of Dreams, MGM’s plot and LVS five and six. What about Macao Studio City? Potentially a pivotal issue for Cotai 2.0 will be what happens to the Macao Studio City site. This is the 32.3-acre plot in the southwest quadrant of the Cotai Strip nearest to the Lotus Bridge Gate to and from mainland China. The MSC project has been the main loser so far from the global credit squeeze. The project is currently stalled and mired in litigation, including some between two of the consortium partners—New Cotai LLC and Hong Kong-listed eSun. Macao Studio City was originally scheduled to open in mid-2009 at a cost of US$2 billion, and was billed as Asia’s first leisure resort property combining theatre, television and film production facilities and retail,withgaming,entertainmentandworld- class hotels. MSC was to have featured 1,902 hotel rooms and suites, a 2,300-seat theatre, a 4,000-seat multi-purpose arena, a 40,000 square feet Playboy Mansion and a 500,000 sq. ft casino operating under the licence Cover Story