Macao, Special Administrative Region of the People’s Republic of
China (June 9, 2008) –Cotai
Waterjets (Macau) Limited announced today that beginning on June 10, 2008 the Cotai
Strip® CotaiJet™ high-speed ferry service, which is managed and
operated by Cotai Chu Kong Shipping Management Services Co., Ltd. of Hong Kong and uses ferries purchased by a wholly-owned
subsidiary of Las Vegas Sands Corp. (NYSE:LVS), will initiate evening sailings and
operate with more frequent service during important peak hours.
In addition to its routes
operating between the Hong Kong-Macau Ferry Terminal, Sheung Wan, Hong Kong and
the Taipa Temporary Ferry Terminal in Macao, CotaiJet also has plans to operate ferry services between theHong
Kong China Ferry Terminal, Tsim Sha Tsui, Kowloon
and the Taipa Temporary Ferry Terminal.
“The expanded CotaiJet
ferry service will provide a viable transportation option for visitors who come
to Macao for conventions and exhibitions, family leisure, and arena and theater
entertainment, such as the Cirque du Soleil®
show ZAİA™,which begins this summer,” said Mr. Stephen Weaver, president of Las Vegas Sands Corp’s. Asian
region. “The increased frequency and
later sailing hours will help reduce the waiting times for visitors coming to Macao during peak travel periods and ease traffic congestion on the Macao peninsula, thus enhancing the overall
experience for visitors.”
CotaiJet’s expanded roundtrip
daily ferry service between Hong Kong and Macao will now run from 7:00 am to 11:30
pm. Between the hours of 7:00 a.m. and
7:00 p.m., CotaiJet will operate with service every 30 minutes instead of its
current one-hour intervals. (See
attached ferry schedules.) The additional routes will increase the capacity of
the current CotaiJet service by 250 percent.
Over time, the company plans to operate the service in 15-minute
intervals and on a 24-hour a day basis.
to reach its potential as a world-class business and leisure destination, it must
continue investing in the transportation infrastructure that will enable more convenient
access to the world-class amenities Macao
now has to offer,” said Weaver. “These
expanded ferry services will help improve and expand that access and will allow
more visitors from across the region and around the world to contribute to Macao’s continuing
transformation into an international leisure and business destination.”
CotaiJet features custom-built
ferries capable of carrying more than 400 passengers and traveling at top
speeds of close to 42 knots.
Note to editors: Cotai Strip® CotaiJet™ Fact Sheet is
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.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp.
(NYSE: LVS) is the leading international developers of multi-use integrated
The 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 Casino Resort Bethlehem
in Bethlehem, Pennsylvania;
and The Marina Bay Sands™ in Singapore.
LVS 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.