LAS VEGAS, July 9 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. (NYSE: LVS) Chairman
Sheldon G. Adelson and other senior executives yesterday celebrated the topping off of the three hotel towers at the company’s
Marina Bay Sands property in Singapore. This statement is being issued to clarify any ambiguities concerning the property’s opening date that might have resulted from the question and answer period with the media following the event:
“The company has said on previous occasions that it is targeting an early 2010 opening for its
Marina Bay Sands integrated resort in Singapore. That plan remains the same, and although we do not have an exact date, we are making every effort to open the property by February 15, 2010.
The company is working closely with the Singapore government to confirm the opening date and to finalize an opening plan for each of the development’s various attractions.
While we wish construction scheduling would have allowed us to open by the end of 2009, we strongly believe that if things remain according to plan, Phase I of the property, which will include approximately 1,000 hotel rooms, the casino, the bulk of the MICE facilities, a variety of restaurants, and 50 percent of the retail space, will open some time between the last week of January and the last week of February.
Phase II which includes the remainder of the hotel rooms and retail space, and the Sands Skypark(TM), would open by the end of April 2010. Phase III, which features the remainder of the attractions, including the theatres and museum, will open throughout the rest of the year.
Forward-Looking Statements
This press release contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, general economic conditions, competition, new ventures, substantial leverage and debt service, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, gaming junket operators, risks relating to our Macao gaming concession, infrastructure in Macao and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to update such information.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (NYSE: LVS) is the leading international developer of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas and the Sands Casino Resort Bethlehem(TM) in Eastern Pennsylvania. The company also owns and operates The Venetian Macao Resort-Hotel and the Sands Macao in the People’s Republic of China (PRC) Special Administrative Region of Macao. In addition, LVS owns the Four Seasons Hotel Macao and is also developing the Marina Bay Sands(TM) integrated resort in Singapore.
LVS is also creating the Cotai Strip(R), a master-planned development of resort-casino properties in Macao. At completion, the Cotai Strip will feature approximately 21,000 rooms from world-renowned hotel brands such as St. Regis, Sheraton, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Holiday Inn, and InterContinental.
Contacts:
Investment Community: Daniel Briggs (702) 414-1221
Media: Ron Reese (702) 414-3607
SOURCE Las Vegas Sands Corp.
