Las Vegas Sands Resort Opens in Macau
By: Brenda Stokes
on Wednesday, April 11, 2012
The Las Vegas Sands has a long-standing reputation as a casino resort in the city. However, it will now be expanding its reach. Backed by Sheldon Adelson, a U.S. billionaire based in Las Vegas, a fourth resort with the Sands moniker will launch in Macau.
The new resort cost $4.4 bullion and adds to the growing gambling market in China. It ran into numerous delays due to the economic crisis. However, the resort is now completed and opened with great fanfare today. Sands Cotai Central opened after a tightrope performance, a Chinese dragon dance, and the revealing of a gold and bronze "God of Fortune" statue that weighed 5,500 pounds.
The line was massive as people queued for five hours prior to the opening. The entire casino won't open all at once, however. At first, 340 gaming tables and 40 VIP rooms for high rollers. After that, 200 more tables will be launched at a later date.
China only allows gambling in Macau and this Sands resort is the 35th to open there. It's a real Mecca for gambling in the region and is steadily increasing in revenue. In fact, revenue went up 27-percent over the past three months.