Sands China Ltd. (HKSE: 1928), a majority-held subsidiary of global integrated resort developer Las Vegas Sands Corp. (NYSE: LVS), has announced September 20, 2012 as the opening day for the second phase of its Sands® Cotai Central integrated resort.
Foremost among the new facilities is the opening of the first of two hotel towers from Sheraton Macao Hotel, Cotai Central, with a second tower opening in early 2013. The hotel is the world’s largest Sheraton at 3,896 guestrooms, as well as the largest hotel in Macao. The hotel’s Kashgar grand ballroom will offer nearly 53,000 square feet (4,900 square metres) of pillarless meeting and event space. And Shoppes Cotai Central adds a second level of duty-free shops, plus additional restaurants and an international food court.
The opening is the most recent benchmark in Sands China’s push to firmly establish Macao as one of Asia’s leading business and leisure destinations. The opening will further expand the diversity of choices on the Cotai Strip® with additional accommodation, dining, entertainment, retail, gaming and meeting and convention offerings. The company’s Macao investment toward that goal is in excess of US$8 billion to date, and will soon bring Sands China’s combined Cotai Strip offerings to over 9,000 rooms across five international hotels, 1.3 million square feet (120,000 square metres) of meeting and exhibition space, over 600 luxury duty-free shops and more than 57 international restaurants, bars and lounges.
“The opening of the Sheraton Macao Hotel at Sands Cotai Central represents another milestone in my vision for the Cotai Strip,” says Las Vegas Sands and Sands China Ltd. Chairman Sheldon Adelson. “I’m very happy to see Sheraton join our growing family of integrated resorts on the Cotai Strip. Sands China remains committed to establishing Macao as a world centre of tourism and leisure, and Asia’s number one business and leisure destination. The addition of Sheraton Macao Hotel, Cotai Central and its impressive array of luxury accommodation is an important development towards reaching that goal.”
Sands China Ltd. President and Chief Executive Officer Edward Tracy says, “Our team members worked incredibly hard to launch Sands Cotai Central back in April; they’ve worked equally hard to introduce the expanded facilities of Sands Cotai Central to Macao this September. All of us are excited to unveil this latest development and we are already looking forward to serving our visitors with the opening of our next phase in early 2013.”
The opening ceremony will take place on September 20, with exciting entertainment highlights to be announced. More information on Sands Cotai Central is available at www.sandscotaicentral.com.
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Statements in this press release, which are not historical facts, are “forward-looking” statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Las Vegas Sands Corp. assumes no obligation to update such information.