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