FOR SUNDAY BIZ In this photo taken May 3, 2005, Bob Iger, president and CEO-elect of The Walt Disney Co., poses with Mickey Mouse in front of the newly adorned Cinderella Castle at the Magic Kingdom in Lake Buena Vista, Fla. Iger was on hand in Florida to kickoff Disney's worldwide "Happiest Celebration on Earth." Disney resorts around the world are joining together in an 18-month celebration to honor the 50th anniversary of Disneyland Resort inCalifornia and 50 years of Disney theme parks. The Magic Kingdom is one of four theme parks at Walt Disney World Resort. (Gene Duncan, photographer)
Walt Disney said that it will open the new Shanghai Disney Resort on June 16. The $ 5.6 billion resort. Disney’s first on mainland China features the company’s tallest castle, two hotels and a pirate’s themed land.
In a recent interview Chairman and Chief executive officer Bob Lger said that a slowdown in the Chinese economy and decline in the stock market there hadn’t dimmed his optimism for the project.
It is under construction since 2011. Disney owns 13% of the resort. This is one of the largest theme parks.
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