The massive resort is planned for the east of Madrid. Photo: Cordish Cordish Companies unveiled plans for a €2.2 billion ($2.3 billion) investment outside Madrid on Thursday with a project that is expected to create over 50,000 jobs. The entertainment complex stretching across a site of 134 hectares ((330 acres) will include casinos, cinemas and luxury hotels providing 2,700 rooms. It will also house a massive shopping mall and convention centre. The plans for Live! Resorts Madrid were unveiled in a press conference in Madrid on Thursday morning claiming it would generate 56,433 jobs and bring in between €4bln - €6 bln to the region within the first five years. Located in Torres de la Alameda, near Madrid's airport, it will be the first complex of its kind in Europe. But it is not the first time such a project has been planned for Madrid. Sheldon G. Adelson, the American billionaire casino magnate behind Las Vegas Sands, had grand plans to open a €25 bn … [Read more...] about US gaming magnate (and friend of Trump) to build MASSIVE entertainment complex in Madrid
Entertainment
Peppa Pig’s big splash in Asia drives sales at Entertainment One
New fans of popular cartoon Peppa Pig in China and Japan have helped boost sales at film and television group Entertainment One. The company expects sales and earnings in its family division - which relies on Peppa Pig for the bulk of its turnover - to have risen by 50pc in the 12 months to March 31 compared with the previous year, driven by the cartoon pig's expansion into Asia, with “significant demand for licensed products in China”. The show is being broadcast on the China Central Television network and has had more than 45bn views on Chinese video on demand platforms. The programme debuted on television in Tokyo in October and the company plans a consumer product roll-out in Japan this year. Entertainment One is also building up the marketing of the Peppa Pig brand in the US, it said in a trading update on Wednesday. The preschool animation, which chronicles the humdrum adventures of Peppa and her family, is shown in more than 180 territories around the … [Read more...] about Peppa Pig’s big splash in Asia drives sales at Entertainment One
This entertainer’s paradise is on the market for under $2 million
Think you have the ultimate party pad? Then you obviously have never seen 224 Munn Lane in Cherry Hill, New Jersey. With nearly 10,000 square feet of interior living space sitting on 4.7 acres of beautifully landscaped grounds, this entertainer's paradise is on the market for under $2 million. 224 MUNN LANE FEATURES:7 Bedrooms7 Full, 3 Half Baths6-Car Garage6 FireplacesPrepare to become the center of attention within your social circles, because everyone is going to want an invite to your next poolside BBQ. Even if it’s raining, no need to cancel – just walk inside to continue the party without skipping a beat with a full wet bar and game room on the lower level. Looking to have a more intimate gathering? Invite a few friends over for movie night in your very own home theater or host a tasting in your wine cellar or cigar room.Purchase this estate and you will no longer need to travel to some fancy five-star resort to get away – all you’ll have to do is walk out … [Read more...] about This entertainer’s paradise is on the market for under $2 million
Naperville panel likes virtual reality as ‘future of entertainment’
"The future of entertainment" could be coming to Naperville in as little as three months as a virtual reality entertainment center got a preliminary green light Wednesday night. To open in the River Square shopping center in downtown Naperville, Woodridge investor Marcus Beam's VR-360 Virtual Reality Playground would need city council approval of a conditional use permit. But the idea of locating an amusement facility in the downtown zoning district got unanimous approval Wednesday from the planning and zoning commission. In a commercial area focused on shopping and dining, a virtual reality center could add some new interest, commissioners said."Maybe this will start a trend that will introduce other types of entertainment to the downtown as well," Vice Chairwoman Carrie Hansen said.Beam said the Naperville spot, in a vacant tenant space at 22 E. Chicago Ave., is in line to be the third of six VR-360 locations he is planning in the Chicago area and Florida. He said he expects to … [Read more...] about Naperville panel likes virtual reality as ‘future of entertainment’
Star Entertainment gets a casino licence for Queen’s Wharf Brisbane
Star Entertainment, the operator of Sydney’s Star, Jupiters on the Gold Coast and Treasury Casino in Brisbane, has been formally granted a new casino licence for Queen’s Wharf Brisbane. The issuing of the licence, for a joint venture of which Star has a 50% interest, triggers a $213 million payment to the Queensland Government. Star’s share is $77 million, which is expected to be paid by October 27. A consortium last year closed a deal for the $3 billion Queen’s Wharf Brisbane Integrated Resort Development, a major hotel, casino and residential complex. The Destination Brisbane Consortium — the Star Entertainment Group (formerly Echo Entertainment), Far East Consortium (Australia) and Chow Tai Fook Enterprises — is the contractor responsible for delivering the project. NOW WATCH: Money & Markets videos Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help … [Read more...] about Star Entertainment gets a casino licence for Queen’s Wharf Brisbane