"The Wonderland of Art and Literature" involves an investment of 2 billion yuan ($326 million). Macao's gaming operator Sociedade de Jogos de Macau's fully owned subsidiary Cotai Magnific View-Property Development will build an integrated hotel with 8,000 rooms. About 15,000 square meters of land nearby will be used for culture activities and shopping malls.

The company said it will cooperate with Beijing Gehua Cultural Development Group to arrange cultural performances.

The two companies worked together to build the China Millennium Monument in 2000.