Two Way Hard Three | Las Vegas Casino & Design Blog

March 1, 2007

LVS Issues Cotai Progress Report

Posted by detroit1051

LVS held a press event on Cotai Strip to publicize progress on the hotels. Starwood and Shangri-La Hotels participated. Starwood's 4,000 room Sheraton and 400 room St. Regis will open in 2008 and 2009 along with 1,800 rooms in two properties operated by Shangri-La.
"We are quickly establishing the critical mass needed to reposition Macao as a destination for shoppers, diners, entertainment-seekers and those looking for a wonderful place to hold their business meeting or convention," said William Weidner, president and chief operating officer of Las Vegas Sands Corp."
Las Vegas Sands, World-Renowned Hotel Brands Celebrate Progress on Cotai Strip

In today's Wall Street Journal, William Weidner said that he "...expects gambling revenue at its planned Venetian casino resort to account for about 50% to 60% of the project's total revenue,". Venetian Macau will open in July or August. That is sooner than I expected.
The story is at:
Las Vegas Sands Sees 50%-60% Venetian Macao Rev From Gambling


Read archived comments (4 so far)
March 1, 2007 6:52 AM Posted by detroit1051

I like the fact that Adelson is plain-spoken, but he needs to use some PR sense before issuing political statements:

March 1, 2007 7:23 AM Posted by Devon

Has anyone seen any high-res. pictures of the models? I'm yet to find anything realistic looking.

March 1, 2007 8:56 AM Posted by Hunter

Yeah, that statement made him sound like a shill for the Chinese Central Government.

As far as the models, I have seen hi-res photos. I'll try to track them down.

March 2, 2007 1:22 PM Posted by detroit1051

Brilliance or Hubris?

Interesting final paragraph to this story on Macau:
"Many of the massive casinos and hotels will be opening on the Cotai Strip in the next three years. That's when it will become clearer whether the aging Las Vegas tycoons are ending their reigns with a burst of brilliance or with colossal acts of hubris."