I was able to visit City of Dream this weekend and i had a few observations -
1. The place is a madhouse. unbelieveable how much energy, enthusiasm and just the number of people there were in the casinos. The hotels are elegant, the macau ferry to cotai is booming... personally, it was not very comfortable for me having to sort myself through the crowds but as an investor i was thrilled.
2. the show - i don't know what the show's like nor have i seen the reviews but it was an obvious draw. you see people flooding the restaurants before the show and we were up pretty late in the morning and continued to see tables packed at all times of day.
3. The morning after - grabbing breakfast - again, surprised to see the place still hopping. This is not a place where you see as many non-asians relative to wynn, etc. but the locals seem to love it. I asked a number of HK residents and they felt it was comfortable for them and a more enjoyable part of macau to visit than the central strip. City of Dreams / Venetian were booming - but again, this was during the weekend.
no doubt in my mind that the numbers of visitors and revenue will grow. I'm no analyst but you can see it like you see the crowds running into the apple stores during an i-something release. Tables were good to me but as someone not from macau / chinese national - i'm probably not going to stay there again because it's just way too congested... but then again it doesn't matter if i come back or not, i'm not the kind of guests the casino's banking on.
Pretty cool to see.
I went COD Sep.30.and that night HODW was full 100%.Some people couldn't get a ticket before the show time.I believe all chinese people will like to watch this show. The casino was very busy and we found that most gamblers kept losing money at COD,so we changed to Wynn and won all the money we lost at COD back.
I think i even took a pic of the line in front of the dancing water ticket booth, that had about 30 people buying tickets, just 30 minutes to 1 hour before the show began.
When it kicked off, the show was nearly full though at about 90% capacity.
I have to call BS on this one. When i was there the casino was not anwywhere near full, and the dancing water show was not sold out on a thursday evening, just a week or two after opening weekend. I was there on a thursday night, perhaps on a friday or saturday night the experience may have been different.
Thanks for a great Posting. This is great to hear, and very useful to me as I use posts like this to determine which jerks to ignore. Already your post exposed another loser, Commandxxxx.
Thanks for your posting. I enjoyed reading it. Although you didn't see the show perhaps it was for the best. After all, the show focused on the Chinese culture. You did a great job by providing feedback from the locals and a glowing report from a Chinese newspaper. The bottom line is, will the show bring more gamblers to the City of Dreams? Lawrence Ho seems to think so, let's hope he is correct. Thanks again for your efforts. IT WAS NOT A WASTE OF TIME.
Thanks for the eyewitness commentary, cuts through the blather so often seen.
I posted a while ago the next catalyst WOULD actually be the opening of the show. That expectations were so low that if it were not seen as a total disaster we would have movement. Of course the Citi/GS upgr/downgr had something to do with the latest move, but mostly it was investors relief.
Here's a Chinese review of the HoDW.
It's a raving review that compares the spectacle of the show to the grandeur of the film AVATAR.
Hope we see more of these sorts of reviews where the Chinese express pride and ownership of the show. Still early days but at least agreement is that it's worth watching by the people who matter (i.e. not us on Yahoo) the Chinese.