Macau Resources has teamed up with Las Vegas-based hospitality and nightlife company Macro Management to bring celebrity-branded products to two casino resorts it’s planning to develop in the Philippines.
The company, which is 73 percent owned by Sino-America Gaming Investment Group, is planning a VIP resort on the island of Napayawan in the province of Masbate with investment of about $300 million and a $650 million mass to premium mass property on Mactan, which is situated next to the popular and well-established tourist destination of Cebu.
The company is currently in negotiations with the Philippine Amusement and Gaming Corp over licensing for the casino element, but doesn’t expect to complete the process until 2016 after the next presidential elections.
However, the group has secured the necessary land and has approvals from local municipalities, agencies and the church to proceed with the first stage of development.
Michael Foxman, a director of Macau Resources and managing director of Sino-America Gaming, said Macro Management has agreed to bring the Fizz champagne lounge to the Napayawan property.
Fizz, which is located in the Caesars Palace in Las Vegas, is a venture between David Furnish — Elton John’s husband — and Stephen Kennedy of Macro Management.
Featuring art collections and decor expressing Sir Elton John’s artistic flair, Fizz is expected to be a strong drawcard for the premium gaming audience across China, Asia, Russia, EU and the UK. The Fizz concept in the Philippines is also being adapted to feature an interactive gaming element.
The company is also in talks with Macro Management to bring another rock band-concept to the Mactan property, although details are still being finalized.
Foxman stressed the resorts are not seeking to compete with the mega billion properties springing up in Manila’s Entertainment City gambling hub and will focus more on the islands’ appeal as a broader tourism destination.
“In terms of product we are taking a strong focus on the leisure and nightlife experience,” he said, although he added that the casino component will be pivotal to making the resorts profitable and without the license the total investment is likely to be lower.
The group is planning to begin the build out of Phase 1 by Nov. 2016. The company is planning a third resort in Dalian, China, without a casino and has secured 25 hectares of land.