BUSINESS

Sheldon Adelson announces plans to build Paris-themed casino in Macau

TAGs: Macau, sheldon adelson

Sheldon Adelson plans to build a Paris-themed casino in MacauDespite his on-going legal troubles, Las Vegas casino boss Sheldon Adelson is still looking ahead at his next business venture in Macau. The casino mogul recently announced plans to build The Parisian, a 3,000-room hotel and casino that will also include a “50% scale-to-scale” replica of the Eiffel Tower.

At the opening of the new Sheraton hotel in the second phase of Sands Cotai Central, Adelson estimated the cost of the Parisian to be around $2.5 – $3 billion where, in addition to the 3,000 rooms and the mini Eiffel Tower, will also include hundreds of gambling tables. Adelson also admitted that his company is confident that Macau’s slowdown in business won’t be a growing trend in the long run. “We would not be expanding if we did not think there was a future here,” he said.

The Sands Cotai Central, itself only a few months old, is Sands China’s fourth casino resort in the bustling gambling destination, already considered as the world’s biggest gambling center. The Parisian will be part of the party at Sands Cotai Central and is one of what appears to be a growing number of new hotel-casino resorts Adelson plans on building in the future.

The American gambling mogul’s expansion list runs like a grocery list and includes prime destinations in Europe, Japan, Korea, Vietnam, and most recently, Madrid, the company’s preferred site to build their ambitious Euro Vegas hotel, casino, and conventions resort.

For a man that has seen no shortage of lawsuits and controversy recently, Adelson is still chugging along full steam ahead in his business dealings. The announced plans of The Parisian at Sands Cotai Central proves that even in the face of enormous distractions, you can’t keep a man like Sheldon Adelson from jumping into a new and potentially lucrative.

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