Sheldon Adelson's Sands Cotai Central opens its doors today

Apr 11, 2012 1:32 PM

U.S. billionaire Sheldon Adelson’s Macau casino operator on Wednesday launched its long-delayed fourth resort, a $4.4 billion complex that is its latest bet on continued strong growth in the world’s biggest gambling market.

Sands China Ltd. executives opened the doors to the Sands Cotai Central following a traditional Chinese dragon dance, high-wire tightrope performance and the unveiling of a 2,500 kilogram (5,500 pound) bronze and gold "God of Fortune" statue. Completion was delayed several years by the global financial crisis and worker shortages.

It’s the 35th casino to open in Macau, the only place in China where casino gambling is legal. Macau’s gambling revenue last year was $33.5 billion, more than five times the amount earned by Las Vegas Strip casinos.