- By Christine Y. ChenChristine Y. Chen is a senior editor at Foreign Policy.
The city of Suzhou has long been known as the Venice of China because of its many canals, but its title is now being taken away by a “real” Venice of China—that is, the Venetian Macao Resort Hotel. The 10.5 million square foot complex, the largest building in China (and the second largest in the world, behind the Boeing plant outside Seattle), cost $2.4 billion to build. The casino-resort is the epitome of Macao’s efforts to rebrand itself as a prime destination for millions of Asian tourists who want to spend a weekend gambling or catching a show in the southern Chinese city. Last year, Macao surpassed Las Vegas in gambling revenues, aided by casinos such as the Wynn and the Sands.
Now, with the opening of the Venetian Macao, American billionaire Sheldon Adelson is aiming to boost the cachet of the Cotai Strip to make it something akin to the Las Vegas strip. “Today is the beginning of what has been a dream of mine for some time to reproduce the capital of entertainment in Asia for Asians,” he said at today’s opening, which was packed with thousands of eager would-be gamblers.
Isaac Stone Fish is associate editor at Foreign Policy. Previously a Beijing correspondent for Newsweek, he wrote stories on such subjects as the Dalai Lama’s effect on international trade, China’s love affair with rogue states, and crystal meth in North Korea. His articles have also appeared in the International Herald Tribune, the Economist, and the Los Angeles Times.| The List |