MACAU -- Playboy Enterprises Inc. and Macao Studio City have teamed up to open a Playboy Mansion in Asia’s booming casino town of Macau.
Wednesday’s
news underlines the determination of the Macau government and
developers to diversify away from gambling into wider entertainment and
convention activities.
The Mansion, described variously as a
“club” and a “multi-faceted entertainment destination,” will debut as
part of MSC’s grand opening in late 2009.
Within the MSC
resort, which encompasses gambling, live entertainment and broadcast,
the Playboy Mansion Macao will have its own gaming facility, lounges,
dance floor, Playboy pool and grotto and even “overnight accommodation”
in a Hugh M. Hefner Villa.
“We are bringing the bunny back to
Macau,” said Christie Hefner, Playboy Ent. CEO. “The mansion helps
bring the brand to life. That’s why Disney has theme parks.”
David
Friedman, co-chairman and co-CEO of MSC, said the Playboy deal is the
first of many entertainment properties that MSC expects to sign. “I
don’t think anyone will ever have seen anything like the array of
brands we will have,” he said. “Playboy is joining an all-star cast.”
MSC is already counting on Marriott, Ritz-Carlton and the world’s first hotel by Shanghai Tang fashion group founder David Tang.
In
addition to casinos and hotels, the $2 billion MSC will have an arena,
mini-broadcast studios and more than 1 million square feet of retail
space.
“We will be using East Asia’s roster of stars for live entertainment and taped performances,” said MSC co-CEO Ambrose Cheung.
Financial
details of the mansion were not disclosed, though Hefner said they will
be discussed in Playboy’s second quarter results presentation in
August. She said Playboy may use the production facilities being built
into the MSC in a similar manner to lensing of its “Party at the Palms”
show in Las Vegas.
MSC is being developed by Cyber One Agents, a
joint venture between East Asia Satellite Television Holdings and New
Cotai. East Asia is controlled by the eSun Group, which also controls
“Infernal Affairs” production shingle Media Asia, and Singaporean
property developer CapitaLand. New Cotai is a consortium headed by
veteran casino developer Friedman and two U.S. investment funds Silver
Point Capital and Oaktree Capital Management. After eliminating crossed
shareholdings MSC is 40% owned by New Cotai, 40% by eSun and 20% by
CapitaLand, according to Friedman.
Friedman said the integrated
resort concept will attract more convention and corporate entertainment
traffic as well as a growing proportion of women and non-Chinese
visitors. As a gambling center, Macau’s predominant clientele has been
hardcore gamblers from mainland China.
“We aim to open other
Playboy Mansions at the rate of about one per year,” Heffner said.
While she envisages other Asian locations as a possibility she
de-scribed Macau as the company’s “capital” in Asia and pointed to
Europe, the Caribbean and Latin America as more likely next moves.
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