HONG KONG SAR – Media OutReach Newswire – February 2, 2024 – Black Spade Capital Limited (“Black shovel“) announced that it had concluded a memorandum of understanding (“Memorandum of Understanding“) with Mr. Gilbert Yeung (“Mr. Yeung“), the creator of: the legendary dragon-I nightclub, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store Ten Feet Tall, to launch a new exclusive and premium global lifestyle group, entertainment and hospitality (the “Joint venture“) to exploit the great potential offered by the leisure and entertainment sector.
Black Spade and dragon-i founder Gilbert Yeung sign MOU to join forces to revolutionize entertainment
Under this collaboration, leveraging the powerful business presence, reputation and network built by both parties in the international market, a joint venture will be established by Black Spade and Mr. Yeung with the aim of discovering opportunities high-potential business ventures worldwide through the operation of a multitude of premium lifestyle and entertainment attractions such as nightclubs, beach clubs, bars, restaurants and live shows. The joint venture aims to launch its first project in Macau, followed by expansion to major cities in Asia and different parts of the world, offering a robust blend of never-before-seen lifestyle and entertainment experiences, including live daytime, nightlife, dining and captivating activities, immersive theater performances.
Mr. Dennis Tam, President and CEO of Black Spadesaid: “A joint venture between Black Spade and Mr. Yeung is undoubtedly a groundbreaking cooperation in the entertainment industry. Mr. Yeung is considered the iconic legend of Hong Kong nightlife, he and his team enjoy high fame among celebrities and influencers around the world. “The iconic dragon-i, along with the other nightlife and dining businesses led by Mr. Yeung, have gained international reputation and recognition for their creativity. It will be exciting to see the joint venture set the benchmark for entertainment 3.0.”
Mr. Gilbert Yeung, Founder of dragon-i, said: “We are honored to partner with Black Spade to revolutionize the entertainment industry. I am confident that the joint venture will greatly benefit from the commercial acumen of the Black Spade team, as well as its excellent track record in the international capital market. 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 products, implying enormous growth. potential for the non-gaming sector in Macau. The ambition of the joint venture is to develop entertainment 3.0. Taking 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 mode. leisure offerings and introduce a range of entertainment products, which will ultimately take the luxury experience economy to a new level while attracting even more customers from mainland China, Southeast Asia and the rest of the world. We have full confidence in the prospects of this cooperation and in the prospects for growth that it generates. »
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