Sands China Ltd. Sets Opening Date for Sands Cotai Central
World's Largest Tourism Project to Make Its Debut on April 11, 2012
MACAO -- (MARKET WIRE) -- 03/19/12 --
Sands China Ltd. (HKSE: 1928), a majority-held subsidiary of global integrated resort developer Las Vegas Sands Corp. (NYSE: LVS), announced today that Sands® Cotai Central, the newest addition to the company's Cotai Strip® development, will officially open on Wednesday, April 11, 2012.
This phase of the property's launch features more than 600 rooms and suites under the Conrad hotel brand and more than 1,200 rooms from Holiday Inn. It also unveils significant meeting, convention and retail space as well as several distinctive dining offerings. The opening marks another milestone in the company's efforts (more than US$8 billion invested to date) to help Macao reach its full potential as an international business and leisure tourism destination.
It also brings the Cotai Strip one step closer to fulfilling the original vision of Las Vegas Sands and Sands China Ltd. Chairman Sheldon G. Adelson.
"There were few believers in my vision for the Cotai Strip when the site was basically under water. With the completion of Sands Cotai Central, that same spot will be home to thousands of hotel rooms, millions of square feet of retail, meeting and convention space, dozens of restaurants and so many other attractions," said Mr. Adelson.
"The opening of Sands Cotai Central is a game changer for the future of Macao as a leisure, entertainment and business location. On behalf of our entire company, we are proudly looking forward to introducing visitors from around the world to the largest integrated resort development ever constructed," he stated.
In addition to the Conrad and Holiday Inn, Sands Cotai Central will soon feature approximately 4,000 rooms and suites from the world-renowned Sheraton brand. The Conrad, Holiday Inn, and Sheraton hotels at Sands Cotai Central represent the largest in the world for each of the respective brands.
Along with the hotel rooms, retail, and restaurants, Sands Cotai Central also includes plans for its own theatre, expanding the entertainment options for business and leisure travelers at the center of the Cotai Strip. The soon-to-be announced line-up of entertainment will further attract tourists from all over the world.
"Sands Cotai Central is going to be a truly spectacular property in Macao; the grandeur of the architecture itself is already a must-see destination," said Edward Tracy, president and CEO of Sands China Ltd. "Sands China Ltd. has always been committed to bringing the most unique and exciting new experiences to our customers. It's our mission to create more reasons for visitors to come to Macao and to stay longer once they arrive. We also want to thank the government and all of our team members for their efforts in getting us to this momentous day."
The inauguration festivities of the April 11 opening will include noteworthy cultural exchanges and a series of entertainment events.
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
About Las Vegas Sands Corp.
Las Vegas Sands Corp. (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (Integrated Resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.
THE VENETIAN® and THE PALAZZO®, Five-Diamond luxury resorts on the Las Vegas Strip, and SANDS® Bethlehem in Eastern Pennsylvania are the company's properties in the United States.
In Singapore, the iconic MARINA BAY SANDS® is the most recent addition to the company's portfolio.
Through its majority-owned subsidiary Sands China Ltd., the company also owns a collection of properties in Macao, including THE VENETIAN® Macao, Four Seasons Hotel Macao, and Sands Cotai Central, a 13.7 million square foot 6,400-room complex opening in early 2012 at the company's COTAI STRIP® development. The company also owns the SANDS® Macao on the Macao peninsula.
Las Vegas Sands is also committed to global sustainability through its SANDS Eco 360 program and is an active community partner through its various charitable organizations.
About Sands China Ltd.
Sands China Ltd. (HKSE: 1928, Sands China or Company) is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE: LVS), and a listed company on the Hong Kong Stock Exchange. Sands China is the largest operator of integrated resorts in Macao.
The Company owns and operates THE VENETIAN® Macao-Resort-Hotel, THE PLAZA™ Macao and SANDS® COTAI CENTRAL at the COTAI STRIP® development and SANDS® Macao Hotel on the Macao peninsula. The Company's integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the CotaiArena™ and high-speed CotaiJet™ ferry service between Hong Kong and Macao.
The Company's property development projects on Cotai have the goal of transforming Cotai into Asia's premier entertainment and business destination.
For more information, please visit www.sandschinaltd.com.
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Source: Las Vegas Sands
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