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Lawrence Ho’s Black Spade Capital to bring new high-end “daylife and nightlife” non-gaming project to Macau

Pierce Chan by Pierce Chan
Mon 5 Feb 2024 at 14:18
Lawrence Ho’s Black Spade Capital to bring new high-end “daylife and nightlife” non-gaming project to Macau

Hong Kong nightclub dragon-i

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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.”

(Left to right) dragon-I founder Gilbert Yeung and Black Spade’s Dennis Tam ink an MOU to form a joint venture

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.

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Tags: Black Spade CapitalGilbert YeungJoint ventureLawrence HoMacaunightclubnon-gaming
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Pierce Chan

Pierce Chan

With more than five years’ experience working as a journalist in Macau, Pierce is an experienced media operator with strong skills in news writing and editing. He previously worked with Exmoo, first as a reporter covering government, gaming and tourism-related stories, then as a Deputy Assignment Editor helping set the agenda of the day. Pierce is a graduate of the University of Macau.

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