Las Vegas Sands Corporation has received the approvals needed from the Macao government to complete the construction of its $2.7 billion Paris-themed integrated resort.
The completion of the Parisian Macao will bring Las Vegas Sands’ total investment in Macao to more than $10 billion, with the vast majority of that investment spent on retail malls, convention and exhibition space, and thousands of hotel rooms. Las Vegas Sands opened Macao’s first integrated resort, the Venetian Macao, in 2007.
“From the moment we put our first shovel in the ground we have been committed to helping Macao secure its future as a center for leisure, business, and entertainment,” says Las Vegas Sands and Sands China Ltd. chairman and CEO Sheldon G. Adelson. “Our investment has provided tens of thousands of new jobs in areas such as retail, entertainment, and hotel operations. We’ve enabled local companies and suppliers to grow their businesses, and we’ve helped the government expand its tax base and diversify its economy.”
The Parisian Macao will feature more than 3,000 hotel rooms and suites, more than 490,000 square feet of retail space, diverse F&B offerings, new meeting and convention facilities, and a 50 percent scale replica of the Eiffel Tower.
