Adelson set to christen Venetian Macau

Jun 19, 2007 3:08 AM

Sheldon Adelson last week announced that his Las Vegas Sands Corp. will christen on Aug. 28 the newly-built Venetian Macao Resort Hotel, Asia’s first fully integrated resort and the anchor property of the company’s Cotai Strip development.

"This is truly a defining moment for Las Vegas Sands Corp. as our work to open Macao’s first multi-use integrated resort comes to fruition and our vision of creating ”˜Asia’s Las Vegas’ comes one step closer to reality," said Adelson, chairman and chief executive officer of Las Vegas Sands Corp. "As this one-of-a-kind destination resort opens, and our development of the Cotai Strip continues, Macao will begin its transformation into the type of business and tourist destination only dreamt of in the past and in doing so fulfilling the desire of the government to turn Macao into a premier leisure, entertainment, and meeting and convention destination."

At 10.5 million square feet, The Venetian Macao will be the second largest building in the world and the largest in Asia. It will feature 3,000 all-suite rooms, 1.2 million square feet of meeting, convention and exhibition space, an 1,800-seat Cirque du Soleil theater, world-class entertainment in a 15,000-seat arena, and 1 million square feet of retail space, which will be home to 350 stores and many of the world’s most renowned brands.

"With the opening of The Venetian Macao, we are now uniquely positioned as the first destination resort in Macao to offer all the integrated amenities necessary to attract a multi-night visitor," said William P. Weidner, president and chief operating officer of Las Vegas Sands. "By appealing to a wide-array of travelers with our complete set of dining, shopping, leisure and entertainment offerings, we are repositioning Macao as a premier destination for shoppers, diners and entertainment-seekers, as well as the ideal location for businesses to hold their group meetings, conventions, or exhibitions."

The launch of the Venetian Macao also marks the opening of the first property on the Cotai Strip in Macao. The Cotai Strip is a master planned development of hotel and resort properties being constructed by Las Vegas Sands Corp. and intended to recreate the success and excitement of the Las Vegas Strip.

Upon completion, the Cotai Strip will feature 20,000 hotel rooms, more than 3 million square feet of retail space, and more than 2.5 million square feet of meeting and convention facilities, including hundreds of individual meeting rooms.

While LVS will construct and own each of the properties on the Cotai Strip, they will be operated by some of the biggest names in the hotel industry, including Four Seasons, Sheraton, St. Regis, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Swiss Hotel, Intercontinental, Holiday Inn and Cosmopolitan.

All of the properties will be connected via enclosed pedestrian walkways. The Cotai Strip will also be home to six Las Vegas-style showrooms and a large arena used for a wide variety of sports and entertainment content — in all the Cotai Strip will be home to more than 25,000 seats of live entertainment.

"World-class entertainment offerings are an important component of Macao’s future as an international tour and travel destination and The Venetian Macao is pleased to lead the way in bringing these events to Macao," said Weidner. "The first example of this comes on July 23, about one month before the opening of The Venetian Macao, when we will sponsor The Venetian Macao Cup featuring the Manchester United Football Club in a match with the Shenzhen Xiangxue Eifiti in Macao. In fact, the Manchester United and Shenzhen teams will be the first honorary guests of The Venetian Macao, which will provide their accommodations during the Cup."

Weidner said additional events to be held in conjunction with the grand opening of The Venetian Macao will be announced shortly.

Macau is the only locale in China where casino gambling is legal. Last year, Macau raked in more gambling revenue than the Las Vegas Strip.