Sands Retail’s new integrated resort, The Parisian Macao, is set to open in late 2015, and tenancy commitments for the new property have reached 85 percent of its retail area, according to the casino operator.
The Parisian Macao will add over 3,000 hotel rooms and “a wide range of food and beverages,” in addition to its 320,000 square foot shopping mall, housing over 150 boutiques. Shoppes at The Parisian Macao will be connected to the other Sands Retail malls via air-conditioned walkways.
The project 2.7 billion construction project suffered delays back in June of this year due to an accident that occurred on site and difficulty obtaining a construction permit, however work quickly resumed after the government had granted the permit.The company said additional permits will be necessary as the development continues.
About Sands China Ltd.
Sands China Ltd. (HKSE: 1928) is the leading developer, owner and operator of multi-use integrated resorts and casinos in Macao. Macao is the largest gaming market in the world as measured by casino gaming revenue and is the only location in China offering legalized casino gaming. Venetian Macau Limited, our subsidiary, holds one of six concessions or subconcessions permitted by the Macao Government to operate casinos or gaming areas in Macao
Sands China Ltd. Consolidated Financial Results 2014
On a GAAP basis, total net revenues for Sands China Ltd. decreased 0.4% to $2.33 billion in the third quarter of 2014, compared to $2.34 billion in the third quarter of 2013. Adjusted property EBITDA for Sands China Ltd. increased 3.3% to $811.6 million in the third quarter of 2014, compared to $785.3 million in the third quarter of 2013. Net income for Sands China Ltd. increased 4.3% to $644.6 million in the third quarter of 2014, compared to $617.9 million in the third quarter of 2013.