Monday, September 9, 2013

Hengqin is the Orlando of China


Orlando


Hengqin

Floating not far off Macau’s Cotai casino strip, and connected by the Lotus bridge, is Hengqin. This thinly populated island, three times the size of Macau, belongs to Guangdong. But mainland officials have designated it a special economic zone, complete with tax breaks and subsidies. They are keen to develop it in ways that support Macau’s aspirations for mass-market tourism.
Cheap land and labour are already luring developers to build facilities on Hengqin, such as cheap hotel rooms, that will boost Macau’s gambling business. Galaxy Entertainment, a local casino firm, is looking into buying a tract there. Chimelong Group, a Chinese firm that runs the country’s largest amusement park, is spending $2 billion on an ocean theme park, to open later this year. This is the first of ten such parks planned in an effort to turn the isle into "the Orlando of China".
Read more: http://www.businessinsider.com/macau-the-rise-of-the-low-roller-2013-9

See also: Hengqin
Macau is the Las Vegas of China

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