Have you heard of DJs to be paid $70 million by a club on its first year of opening? The former Studio 24 turned Hakkasan is doing that for their superstar DJs like Deadmau5, Tiesto and others. Hakkasan Las Vegas at MGM is the new 5-storey, 80,000 sq. ft. restaurant and nightclub that is going to make Las Vegas the Nightlife Capital of the World.
The $100 million spent on construction and decoration, 500 employees hired ( cocktail servers are called Hakkasan honeys) , advertising and other PR campaigns and the $70 million package for DJs put a $200 million price tag on the “King of clubs”. It has three elevators designed to take partiers to the two top club levels. MGM President Scott Sibella said in an interview that “70% of their revenue is from non-gaming” and added also that the club “will attract the high-end people throughout the city.”
But what’s the story behind Hakkasan Las Vegas? Hakkasan is a famous London Chinese restaurant for wealthy clientele and it was founded by Alan Yau, a non-English speaking Hong Kong Chinese immigrant who moved to England when he was 12 years old and later built the Michelin star Chinese restaurant chain that spread all over the world. It caters to the rich and rich only with its most expensive item on the menu a $999 platter.
It was bought in 2008 by an Abu Dhabi billionaire Sheik Mansour Bin Zayed Al Nahyan of Tasameem Real Estate. Tasameem are silent about their investments and they are estimated to be worth $15 to $40 billion. The Hakkasan and Yauatcha purchased from Alan Yau are the only public investments the Sheik’s company have ever disclosed.
Stories abound that Hakkasan nightclub is a story of revenge. A Middle Eastern billionaire and regular high-roller at a high-end Vegas nightclub was refused one night to get the specific table that he wanted. He felt so disrespected that he said he is “going to open his own place to teach them a lesson”. He said it’s going to be the best nightclub in the world and nobody could match it, and that it will have the best DJs that money can secure by contract so others can’t have them.
No identity of the said “disrespectful” nightclub revealed nor the name of the “disrespected” billionaire. Lesson of the story folks, don’t bite the hand that feeds you. You got a high roller client, let him roll as much as he want. In a service industry, the guest is always right. For the mega-wealthy, not only they get mad but they also get even and they do that by making sure you are kicked out of your top spot…by them. For more information, just visit www.hakkasanlv.com/home/ .
copyright 2013 katenews2day
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