More than a decade after Sands China opened its first Macau property, the company opened a new casino – the Parisian Macau – on Tuesday. Sands China, owned by Las-Vegas based magnate Sheldon Adelson, currently operates five properties in Macau.
The Parisian Macau was a $2.9 billion project and boasts a 3,000-room hotel, five signature restaurants, 150 table games, 2,500 slot machines, a water park, a theatre, and a half-scale Eiffel Tower – the biggest replica in the world.
A number of special promotions are running for the resort’s opening, including a “Parisian Loves Locals” promo for the next two weeks that includes 25-percent off restaurants, 30-percent of room rates, and discounts on the Thriller Live Show – all an attempt to combat the slipping Macau gambling market.
The opening of this new mega-resort comes as the Macau poker slump is finally looking up. In August, casino revenues rose 1.1-percent after 26 consecutive months of declining growth.
According to Bloomberg, recreational gamblers and tourists prefer Sands China to other competing casinos with about 30-percent of gaming win from that type of player.
“I see The Parisian performing within expectations, i.e. along with what the current market is doing. I don’t see the project driving substantial new visitation to Macau beyond a potential short-term rise of about ten-percent in gross tourist visitor numbers to Macau,” Global Market Advisors’ chief strategist, Jonathan Galaviz, told CNBC.
The Parisian Macau’s opening follows the opening of Wynn Palace (a $4 billion casino that opened in August) and precedes the expected $3 billion MGM opening next year.
Featured photo credit: Sands China
OnlineGambling.LV brings you the best online gambling sites to make sure your experience is as safe and profitable as possible. Whether your gambling interest is out bluffing your opponents in No Limit Texas Hold ‘Em Poker, playing Vegas-style casino games like slots or roulette, or sports betting on who’s going to win the next Super Bowl, or a combination of all three, you will find the best online gambling site to suit your needs. Our expert online gambling site reviews will help you find out who’s got the best odds, games, cash bonuses, deposit options and payouts, customer service, and a whole lot more. Welcome to OG.LV, and may the odds be ever in your favor!
Onlinegambling.lv provides information on sportsbooks, poker providers and online casinos. OnlineGambling.lv is not supported by or linked to any professional, college or university league, association, or team. The odds information found on OnlineGambling.lv is strictly for entertainment purposes. 18+ T&C apply to all promotional offers advertised on site. Visit individual gambling sites for details.