The highly ambitious project of $3.2bn is getting to its end!
Indeed, on Tuesday October 20th, Studio City International Holdings Limited announced that the Macau government has authorized Melco Crown Limited, Studio City's gaming operators to operate 250 new gaming tables and 1,233 new gaming machines.
A total of 200 can be operated as soon as the resort opens next Tuesday, while the 50 remaining will be granted for the grand opening of Studio City in early January 2016.
Nonetheless, it didn't reach the expectation of Laurence Ho Yau Lung, co-chairman and chief executive of Melco Crown. At a press conference in August, during which he announced the casino's launching date, he said he was expecting to get at least 400 tables.
However, Melco's 250-table allocation is superior to rival Galaxy Entertainment Group's. By the way, the latter faced a tougher entry in the market after receiving an only 150-table allocation for its Galaxy Macau Phase 2 and Broadway Macau casinos which opened in May. The two casinos' performances are rather disappointing at the moment. This is due to the decline in attendance Macau is recently going through.
In any case, Studio City really plans on diversifying itself from its competitors with its Hollywood-inspired resort. Note that Melco Crown promoted the launch with a short film starring Leonardo di Caprio, Robert de Niro and Brad Pitt and directed by Martin Scorese ! According to the latest gossip, it's said to be the most expensive advert in history.
The size of the architecture should also be noticed. It will host a 40,000-square meter complex with 1,600 hotel rooms, a theatre and a 5,000-seat meeting room.
Pretty much spacious, isn't it?
All of that should play a part in enriching Macau's offer which still remains the first leisure destination in Asia.
Rendez-vous on October, 27th for the official opening!