Las Vegas Sands Breaks Ground on Macau Hotels

Macau -- The Las Vegas Sands Corp. has started construction on the final four hotels in its massive Cotai Strip development here, the company announced today.

Under construction are the following: a 1,200-room Hilton Hotel and a 300-room Conrad Hotel, both brands of Hilton Hotels; and 1,500 rooms to be divided between a Fairmont Hotel and a Raffles Hotel, brands of Fairmont Hotels & Resorts.

"We have now undertaken work on each of the properties necessary for us to complete our vision of the Cotai Strip," said Sheldon Adelson, chairman and chief executive of Las Vegas Sands. "We are joined by the finest names in the hotel industry, and we will continue to add the premium retailers, restaurants, entertainment, and other amenities that will redefine Macao as north Asia's premier leisure and convention destination."

The Las Vegas-based company is also constructing The Venetian Macao Resort on the Cotai Strip, which is intended to replicate the Las Vegas Strip. Scheduled to open next summer, The Venetian Macao is to consist of 3,000 all-suite rooms, 1.2 million square feet of meeting and exhibit space, a 15,000-seat arena, and more than one million square feet of retail space.

Also under construction as part of the Cotai Strip are the following: a 1,000-room Four Seasons Hotel, 500-room Shangri-la Hotel, 1,000-room Traders Hotel, 1,200-room Sheraton Hotel, and 300-room St. Regis Hotel.

All the hotels under construction, including the four that just broke ground, are scheduled to open from late 2007 to early 2009, according to Sands spokesman Ron Reese. He added that meeting space for the properties other than The Venetian Macao are yet to be determined.

Macau is located on the southeastern coast of China, a one-hour ferry ride from Hong Kong. It is the only area in China where casino gambling is permitted.

Las Vegas Sands owns The Venetian Resort and adjacent Sands Expo Center, in Las Vegas. The company also operates the Sands Macao Casino, which opened here in 2004.