Las Vegas Sands Gets Macao Approvals To Complete Construction Of $2.7 Bln Resort

(RTTNews) - Las Vegas Sands Corp. (LVS) late Sunday said the company's majority-owned subsidiary, Sands China Ltd., has received the Macao government approvals needed to complete the construction of its $2.7 billion Paris-themed integrated resort.

The completion of The Parisian Macao will bring Las Vegas Sands' total investment in Macao to over $10 billion with the vast majority of that investment spent on building expansive retail malls, convention and exhibition space and thousands of hotel rooms.

Las Vegas Sands opened Macao's first integrated resort -- The Venetian Macao -- in 2007. The 10.5 million square foot property was the first truly integrated resort to open since The Venetian Las Vegas, which opened in 1999.

The Parisian Macao will feature more than 3,000 hotel rooms and suites, more than 490,000 square feet of retail space, diverse food and beverage offerings, new meeting and convention facilities and a 50 percent scale replica of the Eiffel Tower.