Macau Legend moves forward with its Cape Verde project
The company led by millionaire David Chow is building a US$275 million complex in Cape Verde’s capital city.
Cape Verde.- Macau Legend, one of Macau’s largest casinos, is building a US$275 million venue in Africa. The casino will operate in Praia, Cape Verde’s capital city, and is expexted to draw tourists from China and Europe to the western African country.
The company owned by former Macau legislator David Chow is currently executing the first phase of construction of the 152,700 square-meter complex that will have a resort, casino, office buildings and a museum. A seawall has already been built and the construction of the hotel will start soon at the site that’s located on an area that was reclaimed from the sea. A Macau Legend spokesperson stated that the complex should be ready in no less than two years.
The project aims to draw tourists from China to the complex, alongside with European and African visitors. Macau’s casinos are mainly powered by its Chinese customers and the company is trying to make it happen in Africa as well.
According to the UN World Tourism Organisation, Chinese tourists spent US$261 billion last year, an amount 12 percent higher than the previous year. Furthermore, this market’s spendings have seen double-digit growth every year for the last 12 and is expected to continue multiplying.
According to Macau Legend, the new complex is part of a plan from the Chinese government to exploit the ancient Silk Road route. The “One belt, one road” plan is designed to position Macau in the biggest cities of this former trade path.
