Macau, China, 05 Dec – US company Las Vegas Sands plans to invest US$2 billion in a tourist project for Montanha Island, next to Macau on the Chinese mainland, daily Macau newspaper, Tribuna de Macau reported Monday.
According to the paper, construction of the new resort, which will be built alongside new gaming sector projects, will begin on December 21, one day after the commemoration of the seventh anniversary of Macau becoming a Special Administrative Region of China.
The project’s area totals 5.8 square kilometers, but the first stage, which will be concluded in mid 2008, will only cover 14.6 hectares with a five star hotel with 1,000 rooms, a convention center and a golf course.
the project includes several hotels, residential areas, golf courses, a marina, a yacht club and tennis courts in what will be the largest tourist resort in Asia.
Las Vegas Sands, which operates the world’s largest casino in Macau, is developing a tourism and entertainment complex in the land fill areas between Taipa and Cotai islands, which includes a hotel/casino with around 3,000 rooms and is due to open in 2007. (macauhub)