International edition
June 24, 2021

It is likely to open within 12 months

New gaming zone planned for Sands Cotai Central

(Macau).- Sands China is planning to develop a 3,716 square-metre area of Sands Cotai Central previously earmarked for a theatre, and use it for gaming. The news was announced by the parent company Las Vegas Sands in the first quarter earnings call last week, Business Daily reported.

T

he new area is likely to open within 12 months and will feature 100 tables, said Sheldon Adelson, the Las Vegas Sands chairman. Some of the tables may come from the government’s allocation of 200 new-to-market tables for Sands China announced in January.

Adelson also confirmed that Sands China has applied to the Macau government to create a new 185,807 square-metre shopping mall, just south of Sands Cotai Central, on the east side of The Cotai Strip.

The facility – likely to be called Tropical Garden – will complement a new shopping mall planned for Sands China’s new us$ 2.8 billion, French-themed The Parisian development on Cotai. In addition, the gaming tycoon said that Las Vegas Sands is considering a bond sale – like that undertaken by Apple – to pay for a dividend or stock buyback.

A dividend or buyback would further Adelson’s goal of returning cash to investors, according to a person familiar with the matter, who said last month that the company was considering such a step, Bloomberg reported.

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