Las Vegas Sands Approved to Build Paris Themed Resort in Macau

9 years ago
Las Vegas Sands Approved to Build Paris Themed Resort in Macau
16:16
09 Jan

Asia Sands China Ltd. subsidiary of Las Vegas Sands that owns most of the real estate on Macau’s Cotai Strip has received approval from Macau government to build a Paris-themed resort worth $2.7 billion.

Sheldon Adelson, the Chairman and the Chief Executive Officer of the Las Vegas Sands Corporation, was the first one to foresee a financial potential of Asia and he made a move to locate his company nearer to the Asian market before his American competitors.

Las Vegas Sands Corporation created and owns the iconic Marina Bay Sands in Singapore, Asia, and they also developed - through majority-owned subsidiary Sands China Ltd. - a collection of leading properties in Macau, including The Venetian Macao Resort Hotel, Sands Macao, Four Seasons Hotel Macao, The Plaza Macao, as well as most recent addition: Sands Cotai Central, which boasts the world's largest Conrad, Sheraton and Holiday Inn hotels.

From sumptuous suites to plush meeting rooms, celebrity status night clubs, intimate lounges, headliner and resident shows, upscale gaming, ultra-relaxing spa services, a wide range of retail shops and award-winning cuisine, we created a self-sustained world of entertainment at each of our exquisite properties in Las Vegas, Bethlehem (Pennsylvania), Singapore and Macau (China). www.venetian.com;

The Paris themed resort will have more than 3,000 rooms, 490,000 square feet of retail space, meeting and convention facilities, diverse food and beverage offerings and a 50 percent scale replica of Eiffel tower which will certainly be an attraction for the visitors.

From the moment we put our first shovel in the ground we have been committed to helping Macao secure its future as a center for leisure, business and entertainment. Our investment has provided tens of thousands of new jobs in areas such as retail, entertainment and hotel operations. We've enabled local companies and suppliers to grow their businesses and we've helped the government expand its tax base and diversify its economy. The Parisian Macao is 100 percent consistent with that vision and we look forward to families taking pictures in front of our Eiffel Tower in the near future. Las Vegas Sands and Sands China Ltd. Chairman Sheldon G. Adelson, www.hospitalitynet.org;

The Macau Sands celebrated a 10th anniversary last year and when this Paris themed resort is finished, Las Vegas Sands’ total investment will be more than $10 billion and it could lead to massive profits for Macau in the future. Resort should be ready by the end of 2015 and it will help to keep the Sands the leader in the number of hotel rooms that can help bring more guests and visitors to this area.


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