Versace & SJM confirm new Macau resort open in 2017
New Hotel in Macau to appeal to Chinese mass market
Following the announcement last month (see report here) that Italian fashion house legend Versace were to design the new SJM Casino hotel, it has been confirmed that the hotel and casino will be ready by 2017 along with some changes to the hotel style to attract mass market Chinese customers.
Versace CEO Gian Giacomo Ferraris said this week that the five-star Palazzo Versace hotel would retain the company’s “neoclassical style.” But he added, “clearly there will be some fine tuning with the local culture.”
Mr Giacomo did not offer any more information on stlye but did confirm that Donatella Versace herself will oversee the design of the hotel.
Casino company SJM which is the biggest operator in Macau and controlled by Macau gambling legend Dr Stanley Ho has said the new resort will open in 2017 with a cost estimated at $322 million.
This is the first ever hotel design in Macau for Versace and the company hopes it will generate interest and more business on mainland China for the famed fashion house.
Las Vegas which for decades was the largest gambling destination in the World has seen Macau grow over recent years to now become the largest gambling region with a $38 billion annual turnover, six times that of Las Vegas.
