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MACAU BUSINESS
Approximately 142 gaming
tables and 400 slot machines
The L’Arc Macau (Casino)
offers nine games: Baccarat,
three cards
Baccarat,
Midi Baccarat,
Sic Bo, Caribbean Stud
Poker, Q Poker, Blackjack,
American Roulette, Casino War
Accommodation
European expression and the
leisurely French style. 301
spacious rooms and suites.
Hotel Room floor – 9/F to
21/F.
Smoking floor – 16/F to
19/F.
Executive Lounge – 20/F.
Executive floors – 18/F to
21/F.
36-square-metre Superior
Rooms.
96-square-metre Suite.
Room Design at the age of 15, after fleeing to the former Development holds a large land bank in Hong Kong
Offer floor to ceiling Portuguese enclave from his native Guangdong and mainland China.
windows to ensure during the Japanese occupation.
themajority of the rooms He quickly learned the essentials of the trade and No quick bucks
have a magnificent view of the groomed his entrepreneurial skills. Then in 1946, the It is fair to say Cheng’s business career has been
city. Design of contemporary young Cheng went to neighbouring Hong Kong to marked by many surprises. Back in the early 1980s,
style emphasizing muted sable open the first Chow Tai Fook outlet outside Macau, when many businessmen in Hong Kong were
and white tones for complete and soon founded Chow Tai Fook Enterprises sceptical about the city’s economic prospects facing
relaxation. Equipped Limited, the imminent return to Chinese rule, Cheng was
with a 42-inch flat screen turning over among the few tycoons that cast a vote of confidence
LCD TV, broadband Internet a new page in in the city’s future.
access and oversized beds. his life. His company New World Development was the sole
Leisure To call bidder in the Hong Kong government’s public tender
Outdoor Pool - heated in the Cheng the to build the Hong Kong Convention and Exhibition
cooler months. The fitness ‘jewellery Centre in 1982. The facility has undergone two
centre offers a full range of tsar’ is no expansions since its inauguration in 1988 and has
gym equipment with exaggeration. become one of Hong Kong’s iconic landmarks.
experienced trainers. He was the In hindsight, it was a wise investment, but at that
Japanese SPA first time most people thought otherwise. It is exactly this
businessman kind of seemingly risky venture and his decision to
Food and beverage to introduce introduce pure gold in the early 1950s, that have
Eclectic mix of local and 9999 pure earned him the nickname ‘Gutsy’ in the press.
international cuisine. gold into the However, Cheng does not believe he has more guts
Hong Kong than anyone else. As he puts it, it is his foresight and
Lobby Lounge market in the vision that have enabled him to make all those bold
36 seats, interior well 1950s, and business decisions: “As a matter of fact, I don’t like to
illuminated and warm became the make quick bucks because this is usually related to
conveying class and comfort. biggest risky ventures. The quicker the financial reward, the
Classic cocktails, European importer of riskier the venture,” he notes.
cakes & pastries, local and diamonds in the region by the 1970s. Under his Cheng’s forward-looking, can-do attitude leads him
international snack selections. stewardship, the Chow Tai Fook empire grew rapidly. to another first in Macau – the first project that
Snack menus with local Building on the wealth amassed from selling brings together gaming, hotel accommodation and
and regional specialties. precious stones, Cheng soon made forays into residential apartments all under the one roof: “This is
property investments, arguably the most lucrative a unique project and it will bring something new to
business in Hong Kong. Today Cheng’s New World the market,” he says.
14 OCTOBER 2009
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