Macao, SAR, China (May 7, 2008) – Las Vegas Sands Corp. (NYSE: LVS)
announced today that the company has promoted Eric Chiu to the newly created
position of President of Asian Development.
In this new role, Mr. Chiu will add a variety of government relations
and business development activities to the list of responsibilities he has had
since joining the company in late 2002.
Mr. Chiu has been
heavily involved in the company’s business opportunities in the region, which
include Sands Macao and The Venetian® Macao, the anchor of the company’s Cotai Strip™
development. Mr. Chiu has also been the
company’s lead representative as it relates to proposed development projects in
and elsewhere in the region.
to interact with key government agencies in both Macao
and Mainland China
and his smart and strategic development insights have been of tremendous value
to our company,” said William Weidner, President and Chief Operating Officer of
Las Vegas Sands. “We greatly appreciate
the work he has done for us and look forward to him continuing to be an integral
part of our team in Asia.”
Mr. Chiu’s new responsibilities will include
him taking a prominent role as a director of Adelson
Center for U.S.-China Enterprise in Beijing. The Adelson
Center, which will open in August
2008, is being established to enhance and broaden the trade relationship
between the United States
and China. Mr. Chiu is also involved in the opening of
the new University of Macau-Adelson Advanced Education Center, which will be
located inside The Venetian Macao. The
center will focus its efforts on further contributing to the education of Macao citizens on the
various types of new positions and advancement opportunities being created in
fields such as retail, entertainment, hotel, meeting and convention services,
and other non-gaming integrated
A native of the People’s Republic of China and a professional civil engineer by
training, Mr. Chiu has had extensive experience in managing large scale
construction and development projects in mainland China,
Hong Kong, Macao,
Canada and Europe. Mr. Chiu also has significant development
experiences, having worked for prominent international companies such as BMW
Automobile Beijing, where he served as general manager, as well as a variety of
roles for other leading property development companies in the region.
“Eric’s broad global experience allows him to
bridge the cultural differences inherent in doing business internationally,”
continued Weidner. “The ability to serve
as link between various cultures is an invaluable skill and it is certainly a
key to Eric’s effectiveness and his ability to help the company reach its
objectives in Asia and around the globe.”
Statements in this press release, which are not historical facts,
are "forward looking" statements that are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond the Company's control, which may cause material differences in
actual results, performance or other expectations. These factors include, but
are not limited to general economic conditions, competition, new ventures,
government regulation, legalization of gaming, interest rates, future terrorist
acts, insurance, and other factors detailed in the reports filed by Las Vegas
Sands Corp. with the Securities and Exchange Commission.
LAS VEGAS SANDS CORP.
Vegas Sands Corp. (NYSE: LVS) is the leading international developer of
multi-use integrated resorts.
Las Vegas, Nevada-based company owns and operates The
Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino,
and the Sands Expo and Convention Center in Las Vegas
and The Venetian® Macao Resort-Hotel and the Sands Macao in the
People’s Republic of China
(PRC) Special Administrative Region of Macao. The company is currently
constructing two additional integrated resorts: Sands Bethworks™ in Bethlehem, Pennsylvania; and
The Marina Bay Sands™ in Singapore.
is also creating The Cotai Strip™, a master-planned development of resort-casino
properties in Macao.
Additionally, the company is working with the Zhuhai Municipal People’s
Government of the PRC to master-plan the development of a leisure resort and
convention complex on Hengqin
Island in the PRC.