Famed Italian fashion house Versace said on Tuesday that it had signed a deal with Macau’s largest casino operator SJM to design their new hotel as part of the latest gambling resort to be built on the Cotai strip.
SJM Holdings is controlled by Macau legend Dr Stanley Ho, who has come under pressure over recent years with foreign casino operators entering the once monopolised gaming sector in Macau by SJM.
In a joint statement with local casinos operator SJM Holdings Ltd, Versace said the five-star Palazzo Versace hotel will be built on the Cotai strip.
The new resort, which will not open before 2015, will have some 700 gaming tables and 2000 hotel rooms.
The hotel in Macau will be Versace’s first entry into Asia’s gambling hub, however Versace does have three other hotels in Australia and one other in Dubai which is scheduled to open in 2014.
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