Epic Building to Set New Standard for Luxury and Excitement in Macao
MACAO, Special Administrative Region of the People's Republic of China,
Aug. 27 /PRNewswire-FirstCall/ -- With tens of thousands of guests, VIP's, and
more than 1,200 members of the media flocking from throughout the region and
across the world to see it and experience it, The Venetian(R) Macao-Resort-
Hotel opened its doors today and with it ushered in a new chapter in the
storied history of Macao.
"In this day and age its commonplace to throw around phrases like
historic, groundbreaking, and revolutionary," said Sheldon G. Adelson,
chairman and chief executive officer of Las Vegas Sands Corp. (NYSE: LVS), the
parent company of The Venetian Macao. "But it is no overstatement to say that
the opening of The Venetian Macao represents a massive paradigm shift for
Macao and the future of tourism development in Asia."
The moment it opened, the US$2.4 billion Venetian Macao became the largest
single structure hotel in Asia and the second largest building in the world.
Like its sister-property in Las Vegas, The Venetian Macao is a renaissance
Venice-themed property featuring stunning replicas of Venice landmarks such as
St. Mark's Square, the Doge's Palace, Campanile Tower, and three indoor canals
with gondolas and singing gondoliers. The hotel has 3,000 all-suite guest
rooms and with one million square feet of retail space, which is more than any
shopping mall in Hong Kong, The Venetian Macao now becomes a major destination
for the region's top shoppers. The casino floor, at 550,000 square feet, is
the largest in the world and is home to 870 table games and more than 3,400
The facility also features the 15,000-seat Venetian Arena, which will make
its debut by holding the hotel's star-studded Grand Opening event later this
evening. In the coming weeks, The Venetian Arena will play host to a pair of
NBA exhibition games and a match-up of tennis greats Roger Federer and Pete
Sampras. The arena's seating capacity and state-of-the-art equipment
instantly make it the top entertainment facility in the region.
The Venetian Macao also has 1.2 million-square feet of meeting, convention
and exhibition space, more than twice the amount of the Hong Kong Convention
and Exhibition Centre. The facility features the largest pillar-less ballroom
in Asia and has the catering facilities to provide a five-course banquet for
15,000 guests. Early next year, the 1,800 seat Venetian Theatre will open
featuring an original production from world-renowned Cirque du Soleil.
"All of the amazing offerings inside The Venetian make it not only the
first fully integrated resort in Macao, they make the building the first-of-
its kind anywhere in Asia," said William P. Weidner, president and chief
operating officer of Las Vegas Sands. "The Venetian Macao is truly a
destination within itself and its presence will help Macao realize its future
as a multi-day stay leisure and business destination for millions of people
across the region."
Weidner said The Venetian Macao represents, in one location, all of the
key elements -- fine dining, upscale shopping, entertainment, all-suite rooms,
meetings and conventions, expansive recreation amenities -- that have helped
make Las Vegas one of the world's top leisure and business destinations.
"It has taken 76 years and several different generations of transformation
to build Las Vegas into a destination that now successfully attracts more than
40 million people annually," said Weidner. "The majority of that success has
happened over the past two decades, a time in which destination resort
offerings saw their most substantial levels of innovation. The Venetian Macao
represents the very best of that innovation, only now it is being applied in
Asia for the very first time to create a multi-day stay destination for
In addition to the excitement surrounding The Venetian Macao, the
festivities also marks the opening of Las Vegas Sands' Cotai Strip(TM). The
Cotai Strip is a collection of hotel properties to be run by some of the most
prestigious names in the hotel industry, including Four Seasons, Sheraton, St.
Regis, Shangri-La, Traders, Hilton, Conrad, Fairmont, and Raffles. Las Vegas
Sands Corp. will construct and own each of the hotels, as well as operate the
casinos and entertainment venues in each hotel. At completion, the Cotai
Strip properties will combine to feature 20,000 guest rooms, more than 3
million square feet of retail space and nearly 30,000 seats of live
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.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (NYSE: LVS) is one of the leading international
developers of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-
Hotel-Casino and the Sands Expo and Convention Center in Las Vegas and the
Sands Macao in the People's Republic of China (PRC) Special Administrative
Region of Macao. The company is currently constructing four additional
integrated resorts: The Venetian(R) Macao-Resort-Hotel in Macao; The Palazzo
Resort-Hotel-Casino in Las Vegas; Sands Bethworks(TM) in Bethlehem,
Pennsylvania; and The Marina Bay Sands(TM) in Singapore.
LVS is also creating The Cotai Strip(TM), a master-planned development of
resort-casino properties in Macao. Additionally, the company is working with
the Zhuhai Municipal People's Government of the PRC to master-plan the
development of a leisure resort and convention complex on Hengqin Island in
Investment Community: Scott Henry (702) 733-5502
Media: Ron Reese (702) 414-3607
Images are available at www.venetianmedia.com
SOURCE Las Vegas Sands Corp.
CONTACT: Investment Community - Scott Henry, +1-702-733-5502, or Media -
Ron Reese, +1-702-414-3607, both for Las Vegas Sands Corp.
Web site: http://www.venetian.com