Macau’s Treasure Island project won’t have casino, will have luxury shopping

March 8, 2022 Macau Casino & Hotel

Forward Fashion (International) Holdings said it was collaborating with Macau’s upcoming Treasure Island Resort World Hotel to build a new luxury shopping and entertainment center, including the city’s first Galeries Lafayette, a French premium department store.

The resort, which will not include a casino, will cover a total area of 8,100 square meters with 600 hotel rooms. It has a five-story shopping mall, outdoor swimming pool and hot spring as well as other amenities.

The property was originally being developed by Genting Hong Kong, which sold off a 50 percent stake in November 2020 to a local investor named Ao Mio Leong to raise funds to help its ailing cruise business, which has since applied for bankruptcy protection. The purchase price was HK$750 million ($96.7 million), with the buyer also granted options to increase the holding.