(Macao, January
14, 2010) — Sands China Ltd. (SEHK: 1928), a
majority-owned subsidiaryof global resortdeveloper Las Vegas Sands Corp. (NYSE: LVS), announced today
that its Cotai Strip® CotaiJet ferry operation has been issued a 10-year license to operate its ferries
between Macau and Hong Kong under the new licensing regime approved by the
Macau SAR Government. The license also
increases the number of routes the CotaiJet service can use, including the
addition of several daily roundtrip sailings between the Hong Kong International
Airport and the Taipa
Ferry Terminal – which is located just minutes from the company’s properties on
the Cotai Strip®.
“Opening new routes and increasing
capacity from Hong Kong to Macau will facilitate the growth of the meetings,
incentive, convention, and exhibition business by seamlessly linking the Hong Kong airport and other points of arrival and
departure to the Cotai Strip,” said Steve Jacobs, chief executive officer of
Sands China Ltd. “The additional routes
will also provide substantial flexibility for our guests coming to enjoy one of
the many live entertainment acts featured at the CotaiArena®. Our company is committed to helping the
government diversify Macau’s economy and our ability to bring more and more
people to Macau, whether to attend a meeting
or convention or see a live performance, will have a dramatic impact on those
diversification efforts.”
The CotaiJet ferry service has run
daily roundtrip sailings between the Ferry Terminal in Hong Kong and the Taipa
Ferry Terminal in Macau since it began
operating in late 2007. Under the new
license, CotaiJet can operate up to 35-daily roundtrip sailings between the
Hong Kong Ferry Terminal and the Taipa Ferry Terminal; six roundtrip sailings
between the Hong Kong International Airport and the Taipa Ferry Terminal; six
roundtrips between the Hong Kong International Airport and the Outer Harbor
Ferry Terminal on the Macau peninsula; three roundtrip sailings each between
the China Ferry Terminal in Kowloon, Hong Kong and the Taipa and Outer Harbor
terminals; and two daily roundtrip sailings between the Ferry Terminal in Hong
Kong and the Outer Harbor Ferry Terminal.
Mr. Jacobs said the company would
work as quickly as possible to have the new routes up and running and he
thanked the members of the Macau Port Authority and the entire Macau government for their hard-work and dedication
throughout the process.
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