LVS to unveil design elements and key features of new Macao property

Earlier this week, the company's majority-held subsidiary, Sands China, announced that the Macao government had extended the company's deadline for the completion of its project on "Parcel 3" until April 2016. The previous deadline was April 2013.

"We are very pleased to have secured an extension of our construction deadline for our newest integrated resort in Macao," said Sheldon G. Adelson, who also serves as the chairman of Sands China. "We have already undertaken extensive design work on the project and plan to start construction by November. We think the new concept will be extremely well-received and, as with our existing properties on the Cotai Strip in Macao, we will invest in a wide array of leisure and business amenities aimed at attracting visitors from across the region and beyond. This property in particular will further enhance our growing MICE (meetings, incentive, conventions, exhibitions) business and will also feature a variety of amenities designed to encourage more families to visit Macao."

Adelson said he was appreciative of the Macao government's approval and that the best thing the company could do to thank the government for its support is to build another world-class integrated resort property as quickly as possible.

"The vision for the Cotai Strip, and ultimately the breadth of its success, is based on adding as many hotel rooms, retail and entertainment offerings, meeting and convention facilities, restaurants, and other leisure and recreational activities, as we can there. This development is another important step in that process," concluded Adelson.

The "Parcel 3" project will be located adjacent to the company's Plaza Casino Macao and Four Seasons Hotel Macao, but connected to The Venetian Macao via that property's MICE facilities. All of the company's properties on the Cotai Strip, including The Venetian Macao and the recently opened Sands Cotai Central, will be connected through a series of indoor and covered outdoor walkways and moving sidewalks.