Las Vegas Sands Granted Permission to Complete Construction of The Parisian Macao
MACAU, Dec. 22, 2014 /PRNewswire/ -- Las Vegas Sands Corp. (NYSE: LVS) announced that its subsidiary, Sands China Ltd., has received construction permission from the Macau Special Administrative Region government to complete its US$2.7 billion, Parisian-themed integrated resort, The Parisian Macao.
The completion of The Parisian Macao will mark the company’s total investment in Macau exceeding US$10 billion, primarily allocated to building a large-scale shopping mall, convention and exhibition facilities, and thousands of hotel rooms.
Sheldon Adelson, Chairman of Las Vegas Sands Corp. and Sands China.said:“"From the moment we broke ground on this site, we have been committed to helping solidify Macau as a world centre for leisure, business and entertainment. Our investments have created tens of thousands of new jobs in retail, entertainment and hospitality, benefited local businesses and suppliers through expanded operations, and helped the government broaden its tax base and promote economic diversification in Macau. The Parisian Macao aligns with this vision, and we look forward to welcoming families to take photos in front of our Eiffel Tower in the near future."”
The Parisian Macao will feature over 3,000 hotel rooms and suites, a shopping mall spanning more than 490,000 square feet, a wide variety of dining options, new convention and exhibition facilities, and a half-scale replica of the Eiffel Tower.
About Las Vegas Sands Corp.
Las Vegas Sands (NYSE: LVS) is a leading global developer of destination properties (integrated resorts) that feature luxury hotels, gaming and entertainment, convention and exhibition facilities, celebrity-chef restaurants and retail shopping.
Its properties include the five-diamond The Venetian®(The Venetian®) Resort, The Palazzo®(The Palazzo®) Resort and Sands Expo Center in Las Vegas, Sands Bethlehem®(Sands® Bethlehem) in eastern Pennsylvania, and the iconic Marina Bay Sands®in Singapore. Through majority-owned subsidiary Sands China Ltd., Las Vegas Sands owns a portfolio of properties on the Cotai Strip in Macau, including The Venetian Macao®, The Plaza Macao and Sands Cotai Central, as well as The Sands Macao on the Macau Peninsula.
Las Vegas Sands is committed to being a good corporate citizen and, through its Sands Cares“corporate citizenship program and the award-winning global sustainability program Sands 360°”, provides a great workplace for its nearly 50,000 employees worldwide. For more information, please visit www.sands.com.“Media Enquiries:Sands China Ltd. – Public Relations Department”Angie Wu
Tel: +853
Venetian Macao Limited – Public Relations Department
Hu Meibao
Tel: +853-8118-2268 / +853-6240-5635
Email: mabel.wu@sands.com.mo
Lee Man Shing
Phone: +853-8118-2054
Email: simpson.lei@sands.com.mo