LAS VEGAS, NV — (Marketwired) — 12/21/14 — Las Vegas Sands Corp. (NYSE: LVS) today announced that the company’s majority-owned subsidiary, Sands China Ltd., has received the Macao government approvals needed to complete the construction of its US$2.7 billion Paris-themed integrated resort.
The completion of The Parisian Macao will bring Las Vegas Sands’ total investment in Macao to more than $10 billion with the vast majority of that investment spent building, among other things, expansive retail malls, convention and exhibition space and thousands of hotel rooms. Las Vegas Sands opened Macao’s first integrated resort — The Venetian Macao — in 2007. The 10.5 million square foot property was the first truly integrated resort to open since The Venetian Las Vegas, which opened in 1999.
“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,” said Las Vegas Sands and Sands China Ltd. Chairman Sheldon G. Adelson.
The Parisian Macao will feature more than 3,000 hotel rooms and suites, more than 490,000 square feet of retail space, diverse food and beverage offerings, new meeting and convention facilities and a 50 percent scale replica of the Eiffel Tower
About Las Vegas Sands Corp.Las Vegas Sands (NYSE: LVS) is the world’s leading developer and operator of Integrated Resorts. Our collection of Integrated Resorts in Asia and the United States feature state-of-the-art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities.
Our properties include the five-diamond Venetian and Palazzo resorts and Sands Expo Center in Las Vegas, Sands Bethlehem in Eastern Pennsylvania, and the iconic Marina Bay Sands in Singapore. Through majority ownership in Sands China Ltd., LVS owns a portfolio of properties on the Cotai Strip in Macao, including The Venetian Macao, The Plaza and Four Seasons Hotel Macao and Sands Cotai Central, as well as the Sands Macao on the Macao Peninsula.