Macau developers launch new project

MACAU – As reported by the China Daily: "Property developers have launched a new resort project in Macau combining hotels, shopping and film-production studios, which insiders say should spur the growth of the special administrative region's entertainment and tourism industries.

"David Friedman, the co-chairman and co-CEO of Macau Studio City, said investment in the project would amount to $2 billion.

"The project was put together by Cyber One Agents Limited, a 60-40 joint venture between the Hong Kong-based eSun Holdings and the US-based New Cotai LLC.

"The project covers two developments: Macau Studio City, a resort that also houses theatre, television and film production facilities; and Studio Retail, which will house gaming and entertainment facilities as well as hotels…"

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