( Macao , July 16, 2012) – Sands China Ltd. has received an approval from the Macao S.A.R. government which will extend the company’s deadline for the completion of its project on “Parcel 3” of the Cotai Strip® until April 2016. The previous deadline for completion was April 2013.
An integrated resort on “Parcel 3” has always been a part of the company’s Cotai Strip development plan. The completion of this project will further accelerate Macao ’s rise toward becoming Asia’s leading leisure, business and entertainment destination, in line with both Sands China Ltd. Chairman Sheldon G. Adelson’s long-standing vision, and the government’s positioning of Macao as a “World Centre of Tourism and Leisure.”
The new integrated resort will target the mass-family market, and will feature family-oriented facilities, further contributing to the diversification of Macao ’s tourism offering. Design details for the property are currently being finalized and details will be revealed at an appropriate time in the future.
About Sands China Ltd.
Sands China Ltd. (HKSE: 1928, Sands China or Company) is a subsidiary of global resort developer Las Vegas Sands Corp. (NYSE:LVS), and a listed company on the Hong Kong Stock Exchange. Sands China is the largest operator of integrated resorts in Macao . The Company owns and operates The Venetian® Macao-Resort-Hotel, The Plaza™ Macao and Sands® Cotai Central at the Cotai Strip® and Sands® Macao on the Macao peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions and transportation operations, including large meeting and convention facilities, a wide range of restaurants, shopping malls, world-class entertainment at the CotaiArena™ and the Venetian Theatre, and high-speed CotaiJet™ ferry service between Hong Kong and Macao . The Company’s property development projects on Cotai have the goal of transforming Cotai into Asia ’s premier entertainment and business destination.