In this current period of recession in the gambling area (overall Macau gaming revenue has declined 37% through June), Rob Goldstein, president and chief operating officer of Las Vegas Sands, is convinced that the new resort will answer to Macau's customer's expectations.
“We think more than ever that in this environment, the Parisian’s European theme is exactly right focused for the mass visitation”, he explained.
The Parisian Macau will be a luxurious resort with at least 3,000 rooms and suites, a 500,000-foot-square commercial space, several restaurants, meeting and convention facilities and a casino featuring 2,500 slot machines and 450 gaming tables.
There will also be a replica of the Eiffel Tower, half the size of the original as in Las Vegas, and Haussmann-style buildings. The total cost of the project is estimated to US$2.7 billion.
Here’s an overview of the works: