As reported by: Peoples Daily Online
Macao is expecting a new casino business boom as Las Vegas Sands Corp. announced Thursday to open a new mega-casino complex in the city's Cotai island on Aug. 28.

The international gaming giant said in a statement that the Venetian Macao project will be the second largest casino building in the world and the largest in Asia.

"This is truly a defining moment for Las Vegas Sands Corp. as our work to open Macao's first multi-use integrated resort comes to fruition and our vision of creating Asia's Las Vegas comes one step closer to reality," the statement quoted Sheldon G. Adelson, chairman and chief executive officer of the company, as saying.

The new gaming complex will feature 3,000 all-suite rooms, 1.2 million square feet of meeting, convention and exhibition space, an 1,800-seat theater, a 15,000-seat arena and a 350-stall shopping space, according to the statement.

The statement said the launch of the mega-complex will mark the opening of the first gaming project on the Cotai Strip, adding that upon completion, the strip will feature 20,000 hotel rooms, over 3 million square feet of retail space, and over 2.5 million square feet of meeting and convention facilities.

The entire Cotai Strip development is reportedly budgeted to cost 11 billion U.S. dollars.

Article By: Peoples Daily Online