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The Londoner Macao is set to open before the Chinese New Year

Sands China plans to open his newly renamed property The Londoner Macao , GGRAsia informed, noting the availability of reservations for stays at the resort from January 22.

Phase 1 Celebration

According to a press release published on Tuesday by a Chinese subsidiary Las Vegas Sands (LVS), the company is planning an official ceremony in early February 2021 to mark the completion of the first phase of the resort's renovation project.

"The Londoner Macao will offer our visitors another new and exciting experience while also illustrating our commitment to Macau and expanding the tourist offer."

Robert Goldstein, President and COO, Las Vegas Sands

The president of the Las Vegas gaming group has suggested uncertainty about the recall process for 5 casino operators in Macau as their gaming rights will expire in June 2022. Analysts, including those from Morgan Stanley, there are Convinced that the Macao Government will extend the license until 2025.

Another thematic property

British themed property The Londoner Macao will further develop Sands China's "successful track record" with respect to themed real estate, adding to Venetian Macau and Paris Macau, complementing Special Administrative Region (SAR) China as a premier vacation destination and meetings, incentive fairs, conferences and exhibitions (MICE).

Formerly known as Sands Cotai Central. The Londoner Macao will include 3 restaurants on British themes, The Mews, Churchill's Table and Gordon Ramsey Pub & Grillbut it is not known which, if any, will be operational until the property intends to open.

The residence's accommodation facility will resemble a private London club and will be inspired by the former Prime Minister Winston Churchill, who led the country during the Second World War. In the tower of the building that once was Holiday Inn, there will now be a comprehensive apartment with 600 guest rooms.

The gaming industry has a significant impact

Londoner Macao and recently opened Four Seasons Suites across the street form part of it 2.2 billion capital investment allocated by Macao to LVS in turbulent times for the region and industry. In October, the LVS recorded 82% drop in revenues in the third quarter year on year.

Official data release Game Control and Coordination Office (DICJ) showed that gross revenue from games (GGR) in October they increased by 228% sequentially making October the best month since January, generating just a third of the initial amount 2020

However, cumulative data for 10 months ending October 31, 2020 They fell about 81,4% compared with the same 10 months period in 2019, which shows the decline of Macao's gaming industry due to the impact of the coronavirus outbreak. In December, the Macao government announced it would gather in 2020 71,1% less gaming taxes year on year.

Openly The Londoner Macao is expected to be a major event for SAR before Chinese New Year, February 12, and Chinese State Council has already set a holiday period for the period from 11 February down February 17, providing a whole week of celebration and giving the continent's people plenty of time to visit Macau.

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