Las Vegas Sands may spend us$ 2.75 billion on Macau projects

15.06.2005, Lesen Sie hier den Bericht über «Las Vegas Sands may spend us$ 2.75 billion on Macau projects».

It became the world´s second casino market

(Macau).-According to the company’s Chief Executive Sheldon Adelson, Las Vegas Sands Corp., which opened the us$ 265 million Sands Macau last year, may spend about us$ 2.75 billion to build a casino resort and finance the development of three hotels in Macau.


Macau´s Cotai Strip set to become the Las Vegas Strip of Asia.

The company originally planned to finance two hotels along the Cotai Strip, a 200-acre area Adelson says will become the Las Vegas Strip of Asia.

Macau, a Chinese territory that ended a 42-year monopoly for casino owner Stanley Ho in 2002, surpassed Atlantic City to become the world’s No. 2 casino market last year. Las Vegas Sands wants to own more of the hotels to enjoy a greater share of the market’s growth, Adelson said in an interview.

Las Vegas Sands, which owns the Venetian casino in Las Vegas, will invest us$ 1.8 billion to build a Venetian casino resort in Macau, about us$ 200 million for a luxury hotel operated by Four Season Hotels Inc. and about us$ 400 million each for two other hotels, Adelson said. He said he eventually wants the Cotai Strip to consist of 20 hotels with a total of 60,000 rooms, about equal to the number of rooms on the Las Vegas Strip.

Macau’s gaming revenue may match that of Las Vegas by 2008, according to Jonathan Galaviz, a partner at Las Vegas-based Galaviz, Ong & Co., which tracks the gaming industry. Two-thirds of the world’s population lives within a 5 1/2 hour flight of Macau, Adelson said.

Macau generated us$ 5.1 billion in gaming revenue last year, according to the government. The Las Vegas Strip produced us$ 5.33 billion in revenue in 2004 and Atlantic City us$ 4.81 billion, according to the American Gaming Association.

Über Glücksspiele in Macau - Gambling in Macao:

Macau (englisch Macao) liegt rund 50 Kilometer westlich von Hongkong und ist das Glücksspiel-Paradies in Asien.

Macau hat rund 40 Spielcasinos. Die grössten Casinos sind The Venetian Macao, MGM Macao, Wynn Macao, Galaxy StarWorld, City of Dreams, Sands Macao, Casino Lisboa.

Neben den riesigen und farbenfrohen Casinobuildings ist eines der Wahrzeichen der Macau Tower (Fernsehturm mit 338 Meter) mit atemberaubenden Ausblicken auf die Stadt.

Macau erstreckt sich über eine Fläche von 115.3 km2 und hat rund 620'000 Einwohner.

--- Ende Artikel / Pressemitteilung Las Vegas Sands may spend us$ 2.75 billion on Macau projects ---


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