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Las Vegas Sands Corp. Message Board

  • grftt grftt Mar 23, 2013 11:15 PM Flag

    Hengqin ocean resort to open in 2013


    Hengqin ocean resort to open in 2013

    The main body of the Chime-Long International Ocean Resort with an initial investment of RMB 10 billion has kicked off the construction on Hengqin Island and is expected to become operational in 2013.
    Also breaking ground is the “Ocean Kingdom” project which consisting of entertainment, amusement rides, performances, high-tech experiences and animal watching as well as the dolphin-themed hotel with 1,888 luxury guest rooms.
    Plans indicate that the ocean resort will cover Fuxiang Bay, Hengqin Hill and Dolphin Bay, with a total investment of over RMB 20 billion.
    The entire project will be constructed in two phases. The first phase of RMB 10 billion mainly involves the facilities in Fuxiang Bay and is due to become operational in about two years’ time.
    The “Ocean Kingdom” is regarded as a “super theme park” with independent intellectual property rights. It is divided into eight theme zones, each of them consisting of the three main components of amusement designs, performances and animal watching.
    The park will also house a night zoo, water world, the world’s highest ferris wheel, the longest wooden roller coaster as well as an advanced theatre.
    The dolphin-themed hotel after completion is set to become the largest ecological-themed hotel in mainland China.
    It is expected that more than 20 million visitors from around the world will be attracted to the ocean resort after it is fully operational.
    Vice-governor of Guangdong province Liu Kun said in the ground breaking ceremony that the resort project carries a “significant meaning” to the development between Guangdong and Macau, and will help promote economic diversification of the SAR.
    Liu said he hoped that Zhuhai will strive to shape Hengqin to become a “demonstration” of closer cooperation between Guangdong, Hong Kong and Macau.
    The ocean resort will strengthen the international status of Zhuhai in the tourism industry a

    Sentiment: Strong Buy

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    • Excellent update...outstanding for LVS and its "best in class" footprint.

    • Mar 24, 2013 3:18 PM Flag

      The development of Hengqin Island like the PRD infrastructure improvements will have a major impact on LVS. Most of the analysts are not even aware of the extent of the planned development. Much of Hengquin is closer to Cotai than downtown Macau. Aside from the massive residential development much of which is visible from Cotai and the business development, just Ocean Kingdom is expected to have 20 million visitors by 2020. All that mass, just a Lotus Bridge away. I do however, recommend staying away from the Hengquin/Macau tunnel, aside from being for students only going to the new Macau University on Hengqin, the tunnel collapsed.


      Sentiment: Strong Buy

      • 1 Reply to
      • Southeast Any idea when the first development is open in 2013.
        I agree with you this will be a major impact for all Cotai operators especially MSC when opened as it is the first casino off Henqin.
        I am not finding much news on the progress on these developments on the net. If they have 20,000 rooms just across the water like they are talking about it will be nothing short of amazing....Good Luck.

        Sentiment: Strong Buy

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