Angela Leong On-kei, the fourth wife of casino magnate Stanley Ho Hung-sun, is planning to develop a 10.4 billion pataca non-gaming resort and theme park on Macau's Cotai strip.
Leong, also a director of Ho's casino firm SJM Holdings and a Macau legislator, told Macau media on Thursday her privately held Macau Theme Park and Resort planned a three-phase development on a disused 200,000 square metre plot of land east of the dome built for the East Asian Games in 2005.
The massive project would include 6,000 three- to five-star hotel rooms, a family-oriented theme park with an indoor 'beach' and swimming pool, cinemas, retail outlets and an equestrian parade ground. She said it would take nine years to build all three phases and work would start as soon as government approval was received.
Leong, the managing director of Macau Theme Park, said other participants in the project would include Li Chi-keung and Lee Wai-man, according to the Macao Daily News.
Li and Lee are both investors in VIP gambling junket organiser Golden Group. Li is also the chairman of the Macau Jockey Club and, alongside Leong, a director of Onshine Securities. Lee, also known as Lee Shiu-fook, is a former director of Hong Kong-listed Golden Resorts Group.
Leong's plans are the latest in a series of colourful proposed projects, backed by a range of influential would-be developers, announced for the disused site between the Macau East Asian Games Dome and the Coloane Island power station.