Photographer: Xaume Olleros/Bloomberg
Travel

Macau's Newest $3.2 Billion Casino an Extravagance of Entertainment

Melco Crown Entertainment Ltd. opens the doors to its new hotel and entertainment complex Studio City in Macau on October 27. The city's newest addition comes as Macau’s government seeks to broaden the economy and appeal to mainstream consumers for entertainment and shopping, much like Las Vegas has done. China President Xi Jinping in December ordered the city to reduce its reliance on casinos, an industry that makes up about 80 percent of its revenue.

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    $3.2 billion: The cost of building the Studio City casino-resort is not exactly insignificant, but it's only a fraction of the $28 billion Macau's gambling houses plan to invest over the next three years. 

    Photographer: Xaume Olleros/Bloomberg

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    130 meters: Golden Reel is the world's highest figure-8 Ferris wheel - and the first in Asia.

    Photographer: Xaume Olleros/Bloomberg

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    5: Every time a casino loses a VIP gambler, it needs five mass gamblers to make up the lost revenue, according to Aaron Fischer, a gaming analyst at CLSA Ltd.

    Photographer: Xaume Olleros/Bloomberg

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    114%: The number of hotel rooms in Macau is forecast to more than double by 2018. Over three-quarters of the city's hotel rooms were occupied throughout 2015.

    Photographer: Xaume Olleros/Bloomberg

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    $1 million to $5 million: VIP gamblers aren't spending what they used to. While the average spend was once $5-10 million per trip, it's now $1-5 million, according to Aaron Fischer, a gaming analyst at CLSA Ltd.

    Photographer: Xaume Olleros/Bloomberg

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    24 hours: There are over 30 food outlets in the complex. Most are open late and one - the 290 seat Chinese restaurant Bi Yung - keeps serving through the night.

    Photographer: Xaume Olleros/Bloomberg

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    250: Macau's government has authorized the casino-resort to operate 200 gaming tables on opening, and another 50 from January 2016. That's "a big allocation," according to Tim Craighead, director of Asia research for Bloomberg Intelligence - but it's still 150 less than Melco had originally sought.

    Photographer: Xaume Olleros/Bloomberg

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    50 children: Themed party rooms, each big enough for about 50 kids - and presumably a couple of harried adults - are just one feature of the Warner Bros. Fun Zone. Other play center activities include jumping, climbing, sliding and car racing. 

    Photographer: Xaume Olleros/Bloomberg

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    $88: Tickets for two adults and one child to ride the 15-minute Batman flight simulator and the Golden Reel will set you back $88. By comparison, an all-day pass for adults to Disneyland, LA, costs $99.

    Photographer: Xaume Olleros/Bloomberg

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    35,000 square meters: Studio City's themed retail "streets" fill 35,000sqm with a range of luxury brands and entertainment, including holographic projections. 

    Photographer: Xaume Olleros/Bloomberg