The WSJ has an article about City of Dreams, set to open Monday on Macau's Cotai Strip.
http://online.wsj.com/article/SB124353285659363265.html
At $2.4 billion, it's a very ambitious project and I know a lot of Macau-o-philes that are eagerly awaiting the doors being thrown open. Other than The Venetian, it's the second *major* project to open on Cotai.
Comments
That is a pretty hefty expenditure in today's market place. We will see how it holds up.
This NY Times story on an upscale residential development in Macau is upbeat about the area's future. What's interesting is One Central's location which should benefit both Wynn and MGM Grand. Here are links to the story and to the development's website which shows its proximity to Wynn.
http://www.nytimes.com/2009/05/29/greathomesanddestinations/29iht-remacao.html?_r=1&emc=tnt&tntemail0=y
http://www.onecentral.com.mo/en/location/ideal.htm
I haven't been to Macau, but I believe City of Dreams will be the catalyst Cotai needs, and the quality of the development will leave Venetian in the dust.
It's still amazing to me that the Seminole Tribe of Florida which started with cattle, citrus and bingo now owns and operates successful casinos and also owns Hard Rock International which is a key part of City of Dreams.
http://www.hardrockhotelmacau.com/city-of-dreams.html