Sands China Ltd. Announces Opening Date for Latest Phase of Development at Sands Cotai Central
World's largest Sheraton to open its doors September 20
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.
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 inMacao. 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 Macaoas 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'sMacao investment toward that goal is in excess ofUS$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. ChairmanSheldon Adelson. "I'm very happy to see Sheraton join our growing family of integrated resorts on the Cotai Strip. SandsChinaremains committed to establishingMacaoas a world centre of tourism and leisure, andAsia'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 OfficerEdward Tracysays, "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 toMacaothis 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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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 inEastern Pennsylvania are the company's properties inthe 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 theMacao peninsula.
Las Vegas Sands is also committed to global sustainability through its Sands Eco 360º program and is an active community partner through its various charitable organizations.