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An artist's impression of the 'City of Dreams', a hotel and casino project featuring the world's first underwater casino to be built in Macau's Cotai island, is displayed in Hong Kong May 17, 2005. Developer Melco International Development Ltd. is selling $167.8 million worth of shares at a discount of up to 6.7 percent to the market price to finance the project, sources said on Tuesday. NO ARCHIVE NO SALES REUTERS/Handout


 

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Macau bets on underwater gambling

The underwater casino will boast 450 gaming tables and 3,000 slot machines.


Gamblers, who normally struggle to keep their heads above water in Macau, could soon be able to gamble at the island's first underwater casino.

The 'City of Dreams' complex, consisting of 450 gaming tables and 3,000 slot machines, will open in 2008.

The former Portuguese colony is cultivating a reputation as the Asian Las Vegas with a welter of new casinos and hotels under development.

Macau remains the only place in China where gaming is legal.

Investment bubble

The underwater casino will form part of a huge gaming and entertainment complex - dubbed the 'City of Dreams' - which will cost eight billion Hong Kong dollars (US$1bn, £545m) to create.

The project is the brainchild of Lawrence Ho, managing director of Melco International Development, the company which controlled gaming in Macau for many years under the stewardship of his father Stanley Ho.

The end of Mr Ho's 40-year monopoly on gaming in 2002, allied to restrictions on gambling in mainland China, are fuelling an investment boom in Macau.

The island, which returned to Chinese control in 1999, attracted more than 16 million visitors in 2004, with gaming forecast to generate revenues of US$5bn this year.

Card sharks

At the launch of the project, Mr Ho said the casino would be "surrounded by water and marine life".

The resort, to be built on Macau's Cotai strip, will also include three hotels with a total of 2,000 rooms.

Foreign operators have been circling Macau following the deregulation of its gaming industry.

Australian entrepreneur Kerry Packer's Publishing and Broadcasting firm is a minority partner in the 'City of Dreams' project while US firm Las Vegas Sands is planning to spend $15bn on a separate casino and retail development.
 

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Melco PBL Cost Blow Out

Publishing & Broadcasting Ltd’s Asian casino joint venture has played down fears the construction of its $US2.1 billion ($2.6 billion) City of Dreams complex in Macau has got off to a rocky start, after reporting a $US73.5 million full-year loss.

Melco PBL Entertainment warned that its plans to capture a big slice of the world’s largest casino centre could prove more costly, after revealing the costs of the soon to open 36-storey Crown Macau had blown out 13 per cent to $US584 million. The loss was largely a result of the development of its two Macau casinos.

Full story => City of Dreams Cost Blow Out
 

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City of Dreams - due 1st half 2009

Time to start thread on this...
Pics taken 31 March 2008 - Hard Rock Hotel and main podium of City of Dreams apparently topped out next day...
For more details.. see
http://macaudailyblog.com/cotai-str...hard-rock-hotel-and-city-of-dreams/#more-1348
(free plug for Ggaaxx !)

Project will have 2200 rooms, Dragone show, 420k sf casino, live music etc.. and eventually create 12000 jobs. Phase one expected in first half of 2009.

Sorry about pics.. bad weather and sunset..

Venetian lake on left, with One Grantai behind TV screen. CoD on right.


Two main buildings on CoD. There are more buildings less advanced behind these buildings. Not sure which one is Hard Rock Hotel....
One is oval, the other circular (and has something rotating).


Looking up the main road towards One Grantai (on hill).


I'm guessing this circular building could be Hard Rock... it'll be cool have a band going on with views rotating all round the strip !!. Note further City of Dreams projects behind - likely phase 2 with more major hotels.
 

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Great Update , MacauVillager !!

According to the rendering on the company's website. The oval building is Crown Hotel, the circular building is Hard Rock, and the buildings in the back are the twin Hyatt hotels.

This project will make Macau even more exciting !!! The designs are wonderful!!

 

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Great! It should be another good news for the Macanese!

Hope that they would't simply informed non-skilled labours from Philipine, Malaysia and China.

Thanks for ur sharing!

Good day!
 

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Wow - thanks for the pics they're great! Does anyone else have any info/media clippings on this project? Any other piccies? I can't believe it's being built so quickly. Does anyone know overall cost?
 

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2 architec friends of mine are now working in the city of dream project (posted by Australian subcontractors), they mentioned the site right now is a 24 hour site. They are working flat out to have the project completed on time.

Glad someone is still showing confidence.
 

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City of Dreams to recruit 7000

City of Dreams to stage major recruitment fair this week
Tuesday, 03 February 2009
City of Dreams, the integrated entertainment resort set to be open on the Cotai Strip, officially announced yesterday its major recruitment drive of 7,000 positions in Macau.
The property, developed by Melco Crown Entertainment Limited, is scheduled to unveil its door in the first half of this year.
As part of the recruitment drive, the company will be hosting a Macau Recruitment Fair on February 7 and February 8 on Level 2 at the the Macau Tower.
Under the theme ‘No Dream is Too Big’, the two-day fair will showcase career opportunities that are available to the people of Macau.
Combining entertainment, nightclubs, accommodation, regional and international dining, luxury shopping and a casino, City of Dreams will contribute to "making Macau the leading leisure destination in Asia", the company statement said.
The urban resort will also bring to Macau world-renowned brands such as Crown, Grand Hyatt, Hard Rock and Dragone.
“In 2009, City of Dreams will welcome leisure and entertainment customers from across Asia and around the world,” said City of Dreams President Greg Hawkins.
“The operations of City of Dreams will initially require over 7,000 talented employees. The vast majority will be hired from the local community and we are now actively seeking outstanding and committed people here in Macau to join us," Hawkins added.
According to the president, the aim of the recruitment fair is to "identify people in Macau who want to learn and have a strong desire to develop their skills and knowledge in this exciting destination leisure industry".
"City of Dreams will be offering continuous training with the opportunity for promotion,” he said.
“Our employees are a key part of our future success and we aim to prove ourselves as the employer of choice in Macau," he added.
People who wish to attend the fair are required to pre-register at the City of Dreams recruitment website at www.cityofdreams.com.mo.
 

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Crown and City of Dreams

Any updates on opening date? Nothing on their site.

http://www.cityofdreamsmacau.com/cityofdreams.html

There was speculation that Crown wanted to sell 1 building of serviced apartments, but I can find no information. Has this plan been shelved?

Macau's next big casino resort will open this year despite the global financial meltdown that has put the brakes on the city's gaming boom.

City of Dreams resort president Greg Hawkins said they will hire 7,000 people, a fifth of whom will be from overseas, including Hong Kong.

The resort will boast a Crown Casino, Grand Hyatt hotel, Hard Rock, a permanent Dragone show, and Asia's only multimedia 360-degree visual attraction called The Bubble. The first two phases, including a 420,000-square-foot casino and 1,400 hotel guest rooms, will open within the year.

He also believes the situation will improve by the time their development opens in the second half of the year.


Full article at;

http://www.thestandard.com.hk/news_...=78979&sid=22945596&con_type=1&d_str=20090303
 
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