Las Vegas Sands opened its latest casino resort in Macau, a Polynesian-themed casino and Sheraton Macau hotel, yesterday.
This is an addition to the company’s Sands Cotai Central property, which opened in April. The new casino can only add new gaming tables starting in 2013 due to government regulations, so the company compensated by moving around 200 tables from its existing Venetian and Sands Macau casinos.
Sands Cotai Central is adding another Sheraton hotel tower early next year and also plans a St Regis hotel tower. When completed, Sands will have more than 9,000 hotel rooms. The total cost of Sands Cotai Central is expected to be $5bn upon completion, more than twice the cost of Galaxy Entertainment's Galaxy Macau, which opened last year.
Sands has one more land site left to develop in Macau and is expected to start construction on the site later this year. It will be designed as a replica of the Eiffel Tower and is expected to take between 24 and 44 months to build at a cost of $2.5bn.
