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Virgin in talks over Macau Casino

The Virgin Group, owned by UK billionaire Richard Branson, is in talks over a possible $3 billion development in Macau, China, it has been revealed.

The planned casino, Virgin's first, would open in 2010 and would come coupled with three hotels, the Financial Times has reported.

The special business environment in Macau, coupled with a recent lifting of prohibitive gambling legislation, has led to the city becoming a huge draw for both casinos and gamblers alike.

Mr Branson suggested that he would be aiming the new resort at a younger audience, and secure their custom by combining traditional casino games with other forms of entertainment.

"The sector is growing but existing casinos are light on entertainment. There's little to attract the family crowd or make it a memorable value-for-money experience," he told the Financial Times.

"We hope to get all the boxes ticked in the next couple of months and start developing the site soon afterwards," he revealed.

Macau is set to overtake Las Vegas as the biggest gambling city in the world, it was reported recently. Las Vegas Sands' $1.8 billion Venetian hotel, casino and shopping centre project is set to open in the Chinese city later this year.


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