Topping Off of The Venetian Macao
LAS VEGAS, NV, August 29, 2006. Las Vegas Sands Corp. (NYSE:LVS) marked another milestone with a ceremony celebrating the topping off of The Venetian Macao Resort Hotel in the People's Republic of China Special Administrative Region of Macao.
"This represents yet another step in our efforts to reposition Macao as north Asia's top destination for leisure and business travelers," said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. "I am very proud of the work our team has done here in Macao getting to this point and I am looking forward to our opening next year."
Mr. Adelson laid a ceremonial gold brick indicating the completion of the construction of the 39-storey building. The ceremony also featured the unveiling of a statue of the Angel Gabriel. The 15-foot-high, five-ton statue will rest atop the Campanile Tower, situated at the front of The Venetian Macao.
"Just as the Sands Macao changed the landscape in Macao, so will The Venetian Macao," said William Weidner, president and chief operating officer of Las Vegas Sands Corp. "The Venetian will be Macao's first truly integrated resort and will offer business and leisure guests an unrivalled experience."
Opening next summer, The Venetian Macao will be one of the largest hotels in Asia. It will feature nearly 3,000 all-suite rooms, 1.2 million-square- feet of meeting, convention and exhibition space, world-class entertainment in a 15,000-seat arena, and more than one million square feet and 350 premium retailers in a luxurious retail mall.
The Venetian Macao will also serve as the anchor of the Cotai Strip(TM), a master planned development of resort and casino properties. The Cotai Strip will feature hotels operated 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 own and construct each of the hotels as well as operate the casinos and entertainment venues in each hotel.
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