Versace has had success in fashion, but now the Italian company wants to break into the casino market.
ABC News reports the Italian fashion house says it has signed a deal to build a luxury hotel in Macau with casino operator SJM Holdings Ltd. The five-star Palazzo Versace hotel will be part of the resort SJM is currently building.
SJM received official approval in May to build a 2,000-room resort with 700 gambling tables. It will be SJM's first resort on the Cotai Strip.
The Macau hotel will be Versace's third global hotel, after one in Australia and another in Dubai that’s under construction.
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