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Las Vegas Sands Corp. Message Board

  • bjspokanimal bjspokanimal Mar 8, 2013 1:37 PM Flag

    Excellent Wall Street Journal Piece on Singapore, MBS & Pangaea Nightclub Today

    I can't paste it here, but if you access the Wall Street Journal, the article is entitled: "Wealth Over the Edge: Singapore".

    Spok

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    • Thanks for pasting the entire piece into this thread, blitz.

      It was a great, feature article and does a good job of pointing up the increasingly central role that LVS plays in Central Singapore high-class entertainment.

    • I think this is the article: It's midnight on a Saturday night at the Marina Bay Sands resort near the sparkling Singapore River, and all the boutiques are shut. But past a cosmetic-surgery clinic and a Ferrari accessories store close by, a large crowd is getting increasingly agitated. Dozens of hopefuls are clamoring to get in to what is billed as the world's most expensive club, Pangaea.
      Tight-fitting Herve Leger bandage dresses are practically a uniform here, often paired with Christian Louboutin heels and Chanel 2.55 bags, as women try to befriend club goers who are lucky enough to get past the red-velvet barrier and bouncers. It is frequently the leggy models, part of the club's core demographic, who succeed. Out-of-town visitors who negotiated their way onto the guest list weeks earlier are turned away, even after offering to pay more than $3,000 for a table. The nightclub is completely full.

      Past the bouncers, a walk through a long tunnel with blue ultraviolet lights and a ride up an elevator reveal one of the world's most exclusive parties. Michael Ault, Pangaea's founder, sits at the club's most prestigious table by the bar, on cushions covered in exotic African ostrich skins. His table is covered with bottles of Belvedere vodka, Cristal champagne, buckets of ice and dozens of glasses for his friends. His wife, Sabrina Ault, a former fashion model and now his business partner, wears a fake shark's head and wields a plastic gun while dancing on a table top. At Pangaea, all surfaces are made for dancing—even tables made from the trunks of 1,000-year-old trees and the crocodile-skinned couches. (more...)

      • 1 Reply to mbablitz
      • It may seem counterintuitive, but a dance club does not need a dance floor if you are Michael Ault. A veteran of Manhattan nightlife and descendant of blue-blooded socialites—he is the son of a Van Cleef from the Van Cleef & Arpels jewelry family and the stepson of Wall Street's famed Dean Witter—Ault, 49, prides himself on one thing above all others: the ability to throw a good party. And he has done just that over the years at more than 25 clubs from New York to Miami Beach and São Paulo to London. He is credited with being one of the first nightclub impresarios to introduce bottle service—now commonplace globally—at the legendary New York Spy Bar in the 1990s, where even Kate Moss was turned away on exceptionally packed nights.

        The Pangaea experience, he says, replicates the feeling of being at a house party—one that just happens to offer African tribal masks from Ault's personal collection, throbbing music, a $26,000 cocktail that contains a diamond inside and is served by waitresses in black dresses, and the knowledge that many of the people around you are worth billions.

        Pangaea, though just over a year old, is now considered the most profitable club in the world with revenues of more than $100,000 per night in recent months, Ault says. It's also one of the most expensive clubs, with tables costing as much as $15,000, and the uber-rich regularly chalking up six-figure bills. He could have brought this extravagance to just about anywhere in the world. London, with its collection of royals and a party scene that attracts Europe's glitterati. Dubai, too, the land of if-you-want-an-island-you-just-build-one. And of course, his hometown and former playground, Manhattan.

        But Ault, who moved to Singapore three years ago, says he "no longer feels the magic" in Gotham, which still bears the scars of a financial crisis that knocked the wind out of much of its most extravagant party culture. Singapore, he says, is another matter. (more...)

    • Pangaea, which is in the Crystal Pavillian at Marina Bay Sands, is portrayed in this article as the hottest nightclub in all of Singapore. It talks about people offering $3,000 just to get seated... and being turned down.

      • 1 Reply to bjspokanimal
      • While I was looking for the article I found this... Pangaea is also one of the most expensive nightclubs in the world to get into, with tables costing anywhere between S$2,500 and S$20,000. The most expensive of these has couches lined with gold python skin.

        “If you go to some bars… Singapore is increasingly about where you’ve parked your Bentley or Lamborghini, and which table you sit on at a club,” said Mr. Comer. The city-state is home to the highest percentage of millionaire households in the world (15.5%), according to a study by the Boston Consulting Group.

 
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