Las Vegas Sands Celebrates Opening of Second Cotai Strip(R) Property and Launch of New World-Class Retail and Entertainment Offerings MACAO, Special Administrative Region of the People's Republic of China, Aug. 27
MACAO, Special Administrative Region of the People's Republic of China,
Aug. 27 /PRNewswire-FirstCall/ -- One year after the hugely successful opening
of Macao's first truly integrated casino resort -- The Venetian Macao -- Las
Vegas Sands Corp. (NYSE: LVS) today celebrated the opening of its second Cotai
Strip(TM) property, the Four Seasons Hotel Macao. The celebration also marked
the world premiere of Cirque du Soleil's ZAIA at The Venetian Macao, and the
official opening of the luxurious new Shoppes at Four Seasons.
"Today marks yet another significant milestone in the overall effort to
transform Macao into an international leisure and business destination," said
Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands
Corp. "The key to building a successful tourist destination is being able to
assemble the critical mass of attractions needed to make the location more
unique and compelling than its rival destinations. That is why we continue to
add more and more important components, like luxury retail and world-class
entertainment, to our Cotai Strip development. The Cotai Strip's array of
leisure, entertainment, and business offerings has already helped Macao
attract a greater number of visitors from across the region and beyond and in
the longer-term its popularity will further facilitate Macao's evolution into
an extremely successful and desirable international tourist destination."
The new Four Seasons Hotel Macao, which is owned by Las Vegas Sands Corp.,
but operated and managed by the world-renowned Four Seasons Hotels and
Resorts, features 360 beautifully appointed guestrooms and suites. It also
includes several food and beverage offerings, an exquisite pool and garden
area, and a variety of conference, banquet and business services and
facilities.
"The arrival of the Four Seasons Hotel Macao, combined with the
world-class retail brands of the Shoppes at Four Seasons, names like Gucci,
Hermes, Fendi, Louis Vuitton and more, is a signal that a new era of luxury
has arrived in Macao and that the Cotai Strip is ready to compete with the
world's top luxury destinations," said William Weidner, president of Las Vegas
Sands Corp. "Business and leisure travelers to Macao have given their seal of
approval to our commitment to class and quality. As a prime example, in only
its first year of operation the Venetian Macao has attracted nearly 25 million
visitors and according to a study conducted by the University of Macao, more
than 60 percent of all visitors to Macao identify a trip to The Venetian as
their primary reason for visiting Macao."
Weidner said the Cotai Strip's growing reputation as one of the most
luxurious destinations in Asia will be further enhanced by next year's arrival
of the St. Regis and Shangri-La hotel brands. He also said that ZAIA, Cirque
du Soleil's first permanent production to open in Asia, further establishes
Macao and the Cotai Strip as a premier destination for world-class
entertainment, especially when combined with the Cotai Strip Arena, which has
already hosted more than 120,000 spectators since opening last August and has
featured international acts like Beyonce, Celine Dion and The Police, as well
as a variety of popular Asian acts and sporting events -- including a Roger
Federer-Pete Sampras tennis match and exhibition basketball games featuring
the USA's 2008 Olympic Gold Medal basketball team.
ZAIA, which is presented in a custom-built 1,800 seat theater inside The
Venetian Macao, celebrates its World Premiere this evening with a special VIP
performance.
The Shoppes at Four Seasons is Macao's first luxury shopping mall. The
211,000 square-foot mall is connected to the Grand Canal Shoppes at The
Venetian Macao and the Four Seasons Hotel Macao. It features approximately
180 luxury brands, including more than 60 brands not previously offered in
Macao. It also includes a variety of unique customer service, including a
mall concierge, image consultants, private shoppers, hotel delivery service
and complimentary limousine transportation.
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 the leading international developer
of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian
Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino and the Sands Expo and
Convention Center in Las Vegas and The Venetian Macao Resort-Hotel and the
Sands Macao in the People's Republic of China (PRC) Special Administrative
Region of Macao. The company is currently constructing two additional
integrated resorts: Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania;
and 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
the PRC.
Contacts:
Investment Community: Scott Henry (702) 733-5502
Media: Ron Reese (702) 414-3607
SOURCE Las Vegas Sands Corp.
