(Macao, February, 5, 2010) - Sands China Ltd. (SEHK:1928), announced today that it is committed to working with the Macao Government in continuing to diversify the economy of Macau and finding employment for local residents.
“Over 95% of our capital is invested in leisure, retail, entertainment and MICE – not gaming” said Steve Jacobs, president and chief executive officer of Sands China Ltd. “Non-gaming operations are a critical part of our overall strategy, and we strongly support the need – and benefits – of diversifying the economy of Macau”.
Sands China is currently in the process of sourcing and hiring locally skilled and unemployed workers to re-start construction on sites 5 & 6 on Cotai Strip. When complete, the Cotai Strip will be home to over 10,000 hotel rooms, multiple theaters, a wide variety of restaurants, retail, and family friendly destinations.
“We look forward to working in partnership with the Macau government to hire local labor, and contributing to the prosperity of Macau and its residents”. To complete sites 5&6 an additional 10-12,000 workers will be needed.
Mr Jacobs went on to say that since last year, Sands China Ltd. has been working with Macau social enterprises to identify and hire local talent.
About Sands China Ltd.
Sands China Ltd. (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 Macau. The Company owns and operates The Venetian® Macao-Resort-Hotel and The Plaza™ Macao at Cotai Strip® and the Sands Macao Hotel on the Macau peninsula. The Company’s integrated resorts contain a diversified mix of leisure and business attractions, including large meeting and convention facilities, a wide range of restaurants, shopping malls, and world-class entertainment at CotaiArena™.