Venetian Casino Macau Opening Hours
A gondolier navigates the Grand Canal at the Venetian Resort in Las Vegas (Bloomberg)
In response to Governor Walz executive order, we will temporarily be closing the Venetian Waterpark in Maple Grove with a plan to reopen December 18th. We are contacting guests with reservations and appreciate your patience as we work through those cancellations. The Holiday Inn Hotel will remain open and continue accepting guests.
MGM Growth Properties LLC is willing to acquire a big Las Vegas Strip casino such as the Venetian – which Las Vegas Sands Corp. recently put on the block – if the company can find the right partner to operate it.“We would definitely be interested,” James Stewart, MGM Growth’s chief executive officer, told investors on a conference call Monday (today, Macau time). “If we can go to bed at night without having anything keep us up over worrying about — is the rent going to get paid? It’s absolutely a deal that we would do.”
List of Casinos in Macau; Name Opening Hours Size Special Features; Casino Lisboa: 24 hours 107 slots and 146 table games (190,000 sq ft) Hotel with 1,000 rooms and 6 restaurants Casa Real Casino: 24 hours 123 slots and 53 table games (36,000 sq ft) Hotel with 381 rooms and 2 restaurants Grandview Casino: 24 hours 51 table games. Casino at Venetian Macao (5,643) 2 min. Pek Tai Temple (41) 3 min. Religious Sites. There are hundreds of retail shops in the Grand Canal Shoppes at Venetian Macao as well as access to the three other Shoppes venues by connecting corridors to Four Seasons, Sands Cotai Central and Parisian for those who want to extend their shopping.
Bloomberg News reported last week that Sands was seeking at least $6 billion for its Las Vegas properties, including the Venetian, the Palazzo and the Sands convention center. Real estate investment trusts like MGM Growth, which own casino properties but don’t typically operate them, are seen as potential bidders.
Las Vegas has struggled to bounce back from the pandemic, which has crippled tourism and shuttered its convention business. But Stewart doesn’t see Sands’ effort to sell its Vegas properties as a repudiation of the city. If anything, getting $6 billion for the properties would be a validation of Las Vegas’ potential, he said. Sands may just prefer to invest its money elsewhere, such as Macau and Singapore.
Executives at Vici Properties Inc., another large REIT focused on casino properties, said last week that they also would potentially be interested in a large Las Vegas acquisition.
“We continue to be excited about this market long term,” Vici President John Payne said on a conference call with investors. “Clearly, Las Vegas has to get over not having meeting business right now and some international business, but we believe that that will come back.”
By contrast, the third of the big three casino REITs – Gaming & Leisure Properties Inc. – said last week it would likely not bid on a big Las Vegas asset.
Penciling out
“When we look at the Strip, when you look at the fixed costs associated with the properties and the exposure to travel and conventions, right now if we underwrite assets there it’s even harder at the same economics to make them pass muster,” said Matt Demchyk, the company’s senior vice president for investments. “We look at everything and we’ll certainly look, but it’s hard for the numbers to work for us given our approach and our model.”
Gaming & Leisure, Vici and MGM Growth were all spun out of casino operators as the industry shifted to a model where their properties are owned by REITs and operated by others. The arrangement brings tax advantages: REITs pass along their earnings to investors without paying corporate income taxes.
MGM Resort International, which runs casinos affiliated with MGM Growth, told investors last week that it wasn’t interested in acquiring additional properties on the Strip. MGM is the largest operator of casino resorts in the city. It’s also the biggest shareholder of MGM Growth, but has said it plans on reducing its stake in that business.
“We think we own enough of Las Vegas to be open about it,” MGM Resorts CEO Bill Hornbuckle said. “But there will be other opportunities that the market presents to us that we’ll have to take a sincere look at.”
MDT/Bloomberg
| The Venetian Macao 澳門威尼斯人 | |
|---|---|
| Location | Macau |
| Address | Cotai Strip |
| Opening date | 28 August 2007; 13 years ago |
| Theme | Venice, Italy |
| No. of rooms | 3,000 |
| Total gaming space | 550,000 sq ft (51,000 m2) |
| Signature attractions | Cotai Arena |
| Casino type | Land-based |
| Owner | Las Vegas Sands |
| Architect | Aedas and HKS, Inc. |
| Website | Venetian Macao |
| The Venetian Macao | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 澳門威尼斯人 | ||||||||||
| Simplified Chinese | 澳门威尼斯人 | ||||||||||
| |||||||||||
The Venetian Macao (Chinese: 澳門威尼斯人) is a luxury hotel and casinoresort in Macau owned by the American Las Vegas Sands company. The Venetian is a 39-story,[1] casino hotel on the Cotai Strip in Macau. The 10,500,000-square-foot (980,000 m2) Venetian Macao is modeled on its sister casino resort The Venetian Las Vegas. The Venetian Macao is the 2nd largest casino in the world, the largest single structure hotel building in Asia, and also the seventh-largest building in the world by floor area.
The main hotel tower was finished in July 2007 and the resort officially opened on 28 August 2007.[2] The resort has 3,000 suites, 1,200,000 sq ft (110,000 m2) of convention space, 1,600,000 sq ft (150,000 m2) of retail, 550,000 square feet (51,000 m2) of casino space – with 3,400 slot machines and 800 gambling tables and the 15,000-seat Cotai Arena for entertainment and sports events.
The lead architect for the Venetian Macao were Aedas and HKS, Inc. joint venture, who were responsible for the design, coordination and implementation of the project on site.[3]
Casino[edit]
The casino measures 546,000 sq ft (50,700 m2).[4] It is further divided into four themed gaming areas—namely, Golden Fish, Imperial House, Red Dragon and Phoenix. The casino consists of over 6,000 slot machines and 800 gambling tables.
The hotel offers a club called Paiza Club which caters to premium guests. The club comes with its own entrance, lobby, reception, and guest lifts to the rooms. The gaming area of the Paiza Club is divided into individual private gaming rooms each named for notable Asian cities and regions such as Yunnan, Guangzhou, Hong Kong, Singapore and Kuala Lumpur.The guests of the club have exclusive access to the club dining outlet, the Paiza Club Dining & Lounge, which is open 24 hours a day.
List Of Casinos In Macau
Design[edit]
The hotel uses Venice, Italy, as its design inspiration and features architectural replicas of various Venetian landmarks.
Accommodation[edit]
The hotel tower offers 2,905 suites. The accommodation floors go from level 7 up to level 38. These floors are served by guest lifts.
Paiza suites are reserved for premium guests. The largest is the Presidente, a 12-bay suite with four bedrooms.
Entertainment[edit]
The Cotai Arena (formerly known as the Venetian Arena) is an indoor arena, opened in 2007 with a seating capacity of 15,000. It hosts sporting events such as basketball, tennis, and boxing, as well as concerts and international televised awards shows.
Zaia[edit]
Casinos In Macau Map
Zaia, a 90-minute stage production by the Canadian entertainment company Cirque du Soleil, ran between 27 August 2008 and 19 February 2012 in a custom-built theater at the Venetian Macao. The show, directed by Neilson Vignola and Gilles Maheu, featured a cast of 75 circus artists.[5] The show's theme was a young girl's perception of the stars and planets, space and infinity, populated by otherworldly creatures. The theater housing the performance seated 1,800 spectators at a time.[6]
Controversies[edit]
On 12 November 2008, the gates were locked to the construction labour force from a variety of Asian countries as projects were suspended. Hsin Chong, the project manager for the Venetian, laid off approximately 400 staff. As many workers had been there for less than two years, no severance was due. The next day, Sands' president for Asia announced that up to 11,000 workers would be losing their jobs as the company was halting building projects in Macao.[7]
In 2010 the Chinese press reported that as part of a 'sex-trade crackdown' authorities had found more than 100 prostitutes inside the casino.[8]
In early 2011 the United States Department of Justice and the U.S. Securities and Exchange Commission initiated an investigation into the Las Vegas Sands Corporation with respect to the compliance of its Macao properties with the Foreign Corrupt Practices Act.[8]
See also[edit]
- Cotai Jet – owned by The Venetian Macao, operating high speed Catamaran ferry services between Taipa Temporary Ferry Terminal and Hong Kong-Macau Ferry Terminal, Hong Kong
References[edit]
- ^'The Venetian'. Emporis.com. Retrieved 23 June 2014.
- ^'Venetian Macao press release'. Phx.corporate-ir.net. 27 August 2007. Retrieved 29 January 2012.
- ^'case study'(PDF). gillespieuk.co.uk.
- ^'Top-10 Largest Casinos'. Casino City Times. 10 December 2007.
- ^'The first permanent Cirque du Soleil show in Asia celebrates its world premiere on August 28 at the Venetian Macao-Resort-Hotel – Written and directed by Gilles Maheu'. Cirque du Soleil – Press Release. Retrieved 8 February 2011.
- ^'Zaia: The Show – Theater'. Cirque du Soleil. Retrieved 8 February 2011.
- ^'Up to 11,000 Macau workers to lose jobs'. The Standard. Archived from the original on 3 February 2009.
- ^ abBrian Ross (27 January 2012), 'Bribes, Chinese Mob Ties Alleged at Casino of Gingrich Money Man'. ABC News.
External links[edit]
| Wikimedia Commons has media related to The Venetian Macao. |
Coordinates: 22°8′55″N113°33′38″E / 22.14861°N 113.56056°E