Monday, March 19, 2007

Wikipedia: Las Vegas Sands

Las Vegas Sands is currently in development stages of several resort areas around the world. The company is in building stages of The Palazzo which is scheduled to open in late 2007. The resort will have a luxury - Beverly Hillish - theme and be a robust 50 stories tall. The Palazzo and the Venetian will be connected providing a vast array of restaurants, gaming, shopping and poolside fun for all guests. The Palazzo will add 3,025 suites to the already 4,000+ suites offered by the Venetian. Furthermore, Las Vegas Sands has in building stages is The Venetian Macau, which will anchor their other properties under development along the Cotai Strip in Macau, China. The Venetian Macau adds to their other property in Macau - The Sands Macau - and the revenue expected to be produced by the Cotai strip has already surpassed the Las Vegas Strip, and many investors have already bought into the companies stock to reap the benefits of the potential of this gaming Mecca.

Moving on to the South of Asia, LVS is in preliminary development stages of a plot they were awarded in Singapore. Many gaming companies bid for the rights to build in this lucrative market and Las Vegas Sands came out on top and were awarded the rights to develop the land. The Resort is currently known as The Marina Bay Sands and is forecasted to open in 2009. This resort will be the first casino allowed in Singapore in the last 40 years.

Lastly, the las Vegas Sands has development plans for a resort on Hengqin Island, China, along will a gambling hall in Pennsylvania. There is also speculation that LVS has bids for places in Europe and this shows the vast array of development sites that Las Vegas Sands has proposed.

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