The Parisian Macao Explained

Casino:The Parisian Macao
Theme:Paris, France
Location:Cotai, Macau, SAR - China
Rooms:2,700
Owner:Las Vegas Sands
Casino Type:Land-based
Website:www.parisianmacao.com

The Parisian Macao 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. It was originally expected to be operational in late 2015, with that later changed to August 2016. The hotel officially opened on 13 September 2016.[1]

History

Development and construction

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.

Construction began in February 2013.[2]

Opening (2016)

Originally expected to be operational in late 2015, the completion of The Parisian Macao was delayed and finally opened in September 2016. However, its launch quarter results were below expectations.[3]

Downsizing (2019)

In 2019, 600 rooms in The Parisian Macao were renovated to become 300 new suites to meet rising demands.[4] This brings the total room count from the original 3,000 rooms and suites to approximately 2,700.

Design

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

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.[5] [6] [7]

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.[8]

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

Transportation

Bus

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.[9]

Buses travelling from B1 Bus Depot:

Buses travelling from Hotel Main Lobby

Macau Light Rapid Transit

See main article: Taipa line. 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.[10]

See also

External links

22.1437°N 113.5607°W

Notes and References

  1. News: The Parisian opens with Optimism. Renato Marques. 14 September 2016. Macau Daily Times.
  2. Web site: Las Vegas Sands Rises as Macau Casino Results Beat Forecasts. Christopher Palmeri. 1 February 2013. 21 August 2014. Bloomberg News.
  3. News: Why Mass Market Remains A Better Bet Over VIP For Macau. Cohen. Muhammad. Forbes. 2017-02-16.
  4. Web site: GGRAsia – Sands China mass-market leader in next 5 yrs: Bernstein. 2021-02-21. GGRAsia. en-US.
  5. Web site: First look inside the US$2.7 billion Parisian Macao . scmp.com . September 5, 2016 . Matthew . Keegan .
  6. Web site: New $2.7 Parisian resort to open Tuesday in Macau . . September 10, 2016. Richard . Velotta .
  7. Web site: The Parisian Macao: all you need to know about new resort . scmp.com . September 15, 2016 . Ed . Peters .
  8. Web site: Sands China Gets 150 Gambling Tables in Macau's Closely Watched Decision. Fortune. 2017-02-20.
  9. Web site: Schedules of The Parisian Shuttle Bus Services. Sands Resorts Macao.
  10. Web site: Cotai West Station. Macao Light Rapid Transit Corporation.