On the heels of a recent ceremony celebrating the topping off of The Venetian Macao Resort Hotel, Las Vegas Sands Corp. has announced that the company, after receiving the necessary licenses and approvals, has begun construction activities on the last two sites of the Cotai Strip's first phase. Inspired by the famous Las Vegas Strip in Nevada, the Cotai Strip is a master-planned development of resort and casino properties on Cotai, an area of reclaimed land between the islands of Taipa and Coloane in the People's Republic of China Special Administrative Region of Macao.

Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp, said: "As planned, we have now undertaken work on each of the properties necessary for us to complete our vision of the Cotai Strip. We are joined by the finest names in the hotel industry and we will continue to add the premium retailers, restaurants, entertainment and other amenities that will redefine Macao as north Asia's premier leisure and convention destination."

While The Venetian Macao is scheduled to open next summer on the Cotai Strip, construction has also been taking place on the Four Seasons Hotel adjacent to The Venetian, as well as Shangri-La, Traders, Sheraton and St. Regis hotels, which are all being constructed across from The Venetian Macao. The two locations, also referred to as sites seven and eight, now starting construction will be home to a 1,200-room Hilton Hotel, a 300-room Conrad Hotel, and 1,500 rooms divided between the Fairmont Hotels & Resorts and Raffles Hotels and Resorts brands.

"Starting construction on these two remaining sites is a testament to our construction team on the ground in Macao," said Bradley Stone, executive vice president of Las Vegas Sands Corp. "Our team has not taken their eye off the ball for one minute and continues to execute our Cotai development plans." (E-09.28.06)

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