SINGAPORE -- Since Las Vegas Sands Corp. (NYSE: LVS) signed the Development Agreement to develop an integrated resort (IR) here in August 2006, the company's Singapore-based executive team has made
Artist's rendering of Las Vegas Sand's Marina Bay Integrated Resort feverish progress. The iconic mega-structure will soon rise from the ground and add a new dimension to the Singapore skyline. To celebrate this momentum, Minister for National Development, Mr. Mah Bow Tan and senior executives of LVS marked the milestone onsite today with more than 100 guests and media.
"This ceremony represents another step in a process that will result in the completion of an IR project that will enhance Singapore's position as one of the world's premier business and leisure destinations," said Mr. Sheldon G. Adelson, chairman and chief executive officer of LVS. "We are extremely honored to celebrate this occasion with the Singapore community."
"Tremendous headway has been made in all aspects of this development. Our construction team has worked extremely hard to prepare the site for permanent construction. We have also made excellent progress in our retail, food and beverage, and MICE operations," said Mr. William P. Weidner, president and chief operating officer of LVS. "We are exactly where we had hoped to be at this stage and look forward to keeping all Singaporeans engaged and updated in the development process."
According to Mr. Weidner, the design and development of the IR's retail space, The Marina Bay Shoppes(TM), as well as its food and beverage outlets, are well underway, and LVS is also actively planning the positioning, conceptualization and tenancy mix. To date, LVS' leasing team has already received interest from more than 250 prospective tenants who have pitched more than 400 different brands and concepts. Mr. Weidner added that LVS' MICE team is in negotiations with 15 international organizations on hosting their conferences at The Marina Bay Sands, and that it has already received enquiries on MICE events stretching up to 2013.
Upon its opening in 2009, The Marina Bay Sands will feature 2,500 five- star hotel rooms, 1.2 million square feet of flexible MICE space, one million square feet of leading-edge retail space and acclaimed restaurants, three large entertainment venues and LVS' successful premium player venue, the Paiza Club(TM)…"
|Las Vegas Sands Corporation owns and operates casino resorts, including The Venetian in Las Vegas and The Sands Macao Casino in Macao. The company is also developing casino resorts and properties in Las Vegas and Macao, including The Palazzo Resort Hotel Casino and hopes to build a casino in Singapore.|
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