Melco Crown Information Planned Fifth Tower at City of Dreams

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The chairman of Macau casino operator Melco Crown Entertainment Ltd has announced that the fifth tower of the City of Dreams Casino resort in Macau would be known as Morpheus and would have only one floor of gaming.
Lawrence Ho Yau Lung, chairman and chief executive of Melco Crown stated in a media briefing that number of gaming tables from current casino operations will be moved to the new facility. The construction of the prolonged-awaited tower is anticipated to cost about US$1 billion and will be prepared for opening in early 2018. No particular date of opening was supplied by the Chairman.
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The new branding is primarily based on Greek mythology the place Morpheus refers to the god of dreams. The recent style of the new tower shows it to be of 160 metres (525 feet) higher, getting 780 guest rooms in addition to luxury amenities like sky villas, duplex villas and complete suites. The tower design and style is by award-winning architect Zaha Hadid who passed away lately. Ho said that the association with Zaha Hadid was an honour including that the tower was one of the last tasks of her works. He additional additional that it was critical to develop the hotel brand into a worldwide 1.
According to Ho, the hotel would be aimed at the sophisticated global traveller segment but stated that gaming would not be purely VIP oriented. He highlighted that Melco Crown wasn't typically very reliant on VIP gaming, pointing out that significantly less than 5 percent of its gross earnings comes from the VIP segment.
In a statement, Lawrence Ho Yau Lung mentioned,
As a organization, we are targeted on growing premium mass, and that's usually been the case. I consider we are, in the entire of Macau, the 2nd-least reliant on VIP… I'm pleased that it [Macau's VIP company] has recovered, but I believe the driver for Macau and for Melco Crown for the many years to come will be based on mass
In accordance to him, improvements in transportation facilities in Macau in the coming years will give rise to greater visitation. In his view, the Hong Kong-Zhuhai- Macau Bridge in particular is very likely to enhance tourist arrivals.
dewapoker android Ho attributed the delay in commencing building to the complexity of the tower's design. Noting that in spite of the opening of two new casino hotels - Wynn Palace and Parisian Macao-Melco properties City of Dreams, Studio City and Altir were nevertheless at 95 percent occupancy, he stated that he was hopeful for continued demand for luxury hotel rooms in the long term.