Modern Australian

Black Spade and founder of dragon-i Gilbert Yeung sign MOU to join forces to revolutionise entertainment business worldwide

HONG KONG SAR - Media OutReach Newswire - 2 February 2024 - Black Spade Capital Limited ("Black Spade") announced that it has entered into a memorandum of understanding ("MOU") with Mr.

Gilbert Yeung ("Mr. Yeung"), the creator of: the legendary nightclub dragon-I, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store Ten Feet Tall, to launch a new top-notch and exclusive global lifestyle, entertainment and hospitality group (the "Joint Venture") to tap into the great potential that the leisure and entertainment industry has to offer.

Black Spade and founder of dragon-i Gilbert Yeung sign MOU to join forces to revolutionise entertainment
Black Spade and founder of dragon-i Gilbert Yeung sign MOU to join forces to revolutionise entertainment

Under the collaboration framework, by leveraging the powerful business presence, reputation and network built by both parties in the international market, a Joint Venture will be set up by Black Spade and Mr. Yeung with an aim to discover business opportunities with great potential worldwide via the operation of a host of high-end lifestyle and entertainment attractions such as nightclubs, beach clubs, bars, restaurants and live performances. The Joint Venture targets to launch its first project in Macau, followed by expansion into major cities in Asia and different parts of the world, offering a robust mix of brand-new lifestyle and entertainment experiences, including day life, nightlife, dining and captivating, immersive theatrical performances.

Mr. 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. Mr. Yeung is considered the iconic Hong Kong nightlife legend, he and his team enjoy great fame among celebrities and influencers around the world. 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."

Mr. Gilbert Yeung, Founder of dragon-i, said, "We are honoured to partner with Black Spade to revolutionise the entertainment industry. I am convinced that the Joint Venture will benefit greatly from the business perceptiveness of the Black Spade team, as well as their stellar 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, 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. We have full confidence in the prospects of this cooperation and the growth upside that it brings about."

Hashtag: #BlackSpadeCapital

The issuer is solely responsible for the content of this announcement.

About Black Spade Capital Limited

Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade's investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd.

About Mr. Gilbert Yeung

Mr. Yeung, revered as the trailblazing "Godfather" of nightlife, continuously sets new benchmarks that surpass international standards. His renowned establishments such as dragon-i, Tazmania Ballroom, Cassio, and the stylish reflexology and spa concept store, Ten Feet Tall, stand as testament to his industry expertise, paving the way for others to follow. Since its opening in 2002, dragon-i has emerged as one of Hong Kong's most glamorous and exclusive venues, distinguished by its blend of traditional Asian elements with the modern. dragon-i is considered the second home of the "global glitterati," a high-end crowd with a taste for the finer things in life, including partying and dining.

Innovative Solar Conduit Solutions: Why Solarflex Stands Out

When it comes to solar installations, efficiency, safety, and regulatory compliance are essential — particularly when tight schedules and diverse en...

Loaded Potato Snacks: Perfectly Crispy French Fries and Air-Fried Hash Browns

Are you craving a crunchy, flavorful potato snack that goes beyond the usual French fries? Let me introduce you to two of my favorite recipes: Loade...

Bulk Liquid Storage Tanks: Essential Solutions for Modern Industry

In industries where managing large quantities of liquids is a daily requirement, bulk liquid storage tanks play a vital role. These tanks are desi...

Bistro Blinds for Seasonal Changes: Adapting Your Outdoor Space

Bistro blinds are outdoor designs that can be adapted for seasonal changes. They warm up the environment by making it wind-free, wet-free, and sun...

Advantages of Using Digital Printing Services

The demand for quick, efficient, and high-quality printing solutions has seen remarkable growth in our modern, fast-paced world. This increasing nee...

Benefits of Professional Strata Management

Navigating the complexities of strata management can be a daunting endeavor for any strata property owner or committee member. Strata management inv...

The Hidden Benefits of Bundling Utilities with Moving Services

Moving can feel overwhelming with so many things to juggle. Hiring a moving company in Brisbane helps make it easier, but did you know you can make it...

Family Mediation: The Path to Resolution, Healing, and Lasting Solutions

In an era where family challenges are often met with emotional and financial strain, family mediation has quietly gained traction as a life-changing...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy ...

“North of the River” Vs “Over the Bridge” – What’s in Brisbane’s ongoing North Vs South Feuds?

Greater Brisbane Australia’s largest capital city by land area, coming in at 15,824 square kilometers, and ranks number three worldwide. It has Au...

Income Stream Integration: 7 Ways to Earn Money Through Your Website

Whether you sell Vietnamese coffee, review Japanese gadgets, or rent Melbourne self storage, your website is more than just an online presence—it...

Top 10 Benefits of Practicing Taekwondo for All Ages

Taekwondo is more than just a martial art; it’s a way of life that offers profound physical, mental, and emotional benefits. Whether you're a chil...

Plasterboarding and Ceiling Repair: The PlasterX Advantage for Long-Lasting Results

Contacting professionals who are well-versed in the nuances of the task is essential to preventing headaches during plastering ceiling repair work. ...

Snake Catcher’s Life-Saving Advice: What to Do When You Encounter a Snake

Australia is home to some of the most venomous snakes in the world, and if you live here, you're already well aware of how dangerous these creatures...

The Best Dumplings in Melbourne

Melbourne offers the best dumplings in the world, with variety of tastes and styles. The perfect dumpling is boiled, fried, or steamed - the best ...

The Ultimate Guide to Daily Dental Hygiene: Tips for a Healthy Smile

Maintaining good oral hygiene is essential for a healthy smile that lasts a lifetime. While regular visits to your dentist are important, establishi...

Mixing Vintage and Modern: How to Create a Timeless Interior

Achieving a timeless interior that blends both vintage charm and modern sophistication can transform any home into a stylish, curated space. When do...

Sugar-Free Chocolate Treats: A Guilt-Free Indulgence

People are very conscious about their health and sugar-free chocolates are becoming a popular option. This is a delicious and very satisfying option...