Las Vegas Sands Marks
Development
Milestone in Singapore
SINGAPORE – (February 8, 2007)
–
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 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™, 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™.