p12-16 Macau:p14-18 Macau.qxd 21/09/2009 09:28 Page 17
MACAU BUSINESS
The residential portion of L’Arc has already proven
The Wine Barrel to be a good bet, with all 309 units sold out nearly
10 seats at Bar, 12 seats at two years ago. Cheng believes Macau’s property
Lounge Area, which makes a market is now in good shape after last year’s
total of 22 seats. The exterior consolidation. L’Arc pre-sales were launched during
of the giant barrel depicts aged 2006 when home values were skyrocketing in Macau,
oak split into two halves. Its but Cheng believes better days lie ahead. According
cavity is the wine display area to the veteran investor, his company has reserved the
which boasts a collection of 10 penthouses at L’Arc for later sale because he is
over 2000 bottles of fine wine, confident in the market’s long-term outlook.
whisky and Cognac sourced
from famed wine regions of the Upbeat mood
world. A glass platform “Macau’s current population is still relatively small.
transports the Sommelier to There is plenty of room for population growth, which
the 5 levels of wine to pick out is a good thing for the property sector. Any healthy
guests’ selections. housing market should have both end-user and
investor demand,” Cheng explains.
Coffee Shop He is equally upbeat about the gaming element of
164 seats, warm and L’Arc. Despite the high concentration of casinos in
architectural, consistent with the vicinity of his new project, he believes in the
modern coffee shop design. survival of the fittest, and underlines that the local ballrooms. The new luxury hotel promises to offer
The menus in the all day gaming sector is far from saturated given the huge top-notch services to its customers. This promise
dining will feature local and potential of the Greater China market alone. rings convincing since New World Development
regional specialties with a He adds that as long as current industry policies operates two of the best hotels in Hong Kong – the
range of remain unchanged in the next administration, Regent and the Grand Hyatt.
international selections. Macau’s casino business will continue to prosper. And
Seasonal and fresh seafood when asked why he chose to build L’Arc on the
with ingredients buffet. Macau peninsula instead of the Cotai Strip, which Postscript
Authentic Cantonese cuisine has become the new focus of media hype, he points
with out that the former location remains the centre of With a multibillion dollar empire to tend to, Cheng
traditional flavors in A la gravity in the local gaming scene. Yu Tung is a busy but friendly man. He is one of the
Carte Menu “Compared with Cotai, the Macau peninsula has few celebrities that does not demand reporters give
better infrastructure, and L’Arc sits in an excellent him the questions they will ask in the interview in
Banquet location,” he says. advance. But Cheng is also a no-nonsense
220 seats. Simplistic, which The casino at L’Arc will have about 142 gaming businessman. Not the type to talk at length in reply to
will enable the operational tables and 400 slot machines. Its hotel will feature an a question – his answers are brief. There is no doubt,
associates to enhance the outdoor pool, fitness facilities, restaurants and as many of his friends say, he is a doer, not a talker.
banquet space to facilitate the
guests’ requirements, in terms
of the function and wedding
set ups.
The Chinese Restaurant
204 seats. A scatter of
round tables of 4-6 persons.
For 8 persons and above a
private dining room
is recommended. Traditional
Chinese cuisine service, with a
combination of modern
methods blended with family
style food service.
Full House
180 seats, modern element
“Di Pai Dong”
“Cha Chan Tang”. Wontons,
Delicate Dim Sum, creamy
Congee, Stir-fry, BBQ, Egg
Tarts, all the items that make
Hong Kong’s street dining
culture famous.
16 OCTOBER 2009
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