Black Spade Capital Limited, the private investment firm of Melco Resorts Chairman and CEO Lawrence Ho, has announced a partnership with the founder of Hong Kong nightclub brand dragon-i to launch a new high-end lifestyle, entertainment and hospitality group.
The joint venture project between Black Spade and Gilbert Yeung will see the group operate a series of high-end lifestyle and entertainment attractions such as nightclubs, beach clubs, bars, restaurants and live performances, with the first project planned to be launched in Macau before further expansion across major cities in Asia and around the world.
The Macau project is described as providing “new daylife, nightlife, dining and captivating, immersive theatrical performances.”
Dennis Tam, President and CEO of Black Spade, said, “A joint venture between Black Spade and Mr Yeung is definitely a breakthrough cooperation in the entertainment industry.
“The iconic dragon-i, together with the other nightlife and F&B businesses that Mr Yeung operates, have garnered international reputation and recognition for their creativity. It will be exciting to see the joint venture set the gold standard for Entertainment 3.0.”
Yeung added, “Macau is an entertainment hub with endless potential and also an ideal destination of choice for the joint venture’s first project. The Las Vegas Strip generates 40% of its total revenue from gaming and another 60% from non-gaming, it implies a huge growth potential for the non-gaming sector in Macau.
“The joint venture’s ambition is to develop Entertainment 3.0. By drawing inspiration from around the world by being on the ground and immersing ourselves in new experiences, we aim to combine AR/AI/CGI with offline leisure offerings and introduce an array of entertainment products, which ultimately take the Experience Luxury Economy to a new level while attracting even more guests from mainland China, Southeast Asia and the rest of the world.”
Dragon-i is one of the more famous nightclubs in Hong Kong and was founded by Yeung, also known for opening popular bars Tazmania Ballroom and Cassio, and the trendy spa-massage concept Ten Feet Tall.