At the top of the news, Fosun’s Guo Guangchang says China’s clampdown on some of the country’s biggest buyers of overseas assets is a necessary measure to deal with “irrational investment” – which presumably doesn’t include his own firm’s recent… Read More>>
Packer’s Crown Resorts Cashes Out of Macau and More Asia Real Estate Headlines
James Packer is one of the world’s best known gamblers, but even Australia’s casino king may have found the odds a bit too long in Macau, according to a story in the Wall Street Journal today. Also in the headlines,… Read More>>
Wynn Delays Opening Macau Casino Amid Slump and More Asia Real Estate Headlines
China’s economy may not be headed for a hard landing, but the high rolling days in Macau’s casinos seem to have already fallen off a cliff, as one of America’s biggest gaming companies puts the brakes on a $4 billion… Read More>>
De Niro, Scorcese and Mariah Carey Stop by Macau to Open Studio City Complex
A star-studded crew of celebrities, including actor Robert De Niro and singer Mariah Carey, stopped by Macau on Wednesday to open Macau Studio City, a new integrated resort that seeks to meld Hollywood themed entertainment with a 1,600-room hotel and… Read More>>
Chanel’s Karl Lagerfeld to Design 270-Room Macau Hotel
Fashion guru Karl Lagerfeld is going to design a hotel in Macau, as one of the fashion world’s iconic figures turns his attention to a new style sector.
The Chanel mogul is adding to his extensive list of talents – which already include drawing and helicopter design – by turning his hand to architecture and creating a 270-room hotel in Asia’s gambling mecca, Macau.
According to a recent press report, the fashion designer says that he’s turning to hotel design only because he was tired to buying more houses.