Sands Cotai Central opens in Macau with three hotels and two casinos

11 April 2012

The Sands Cotai Central, a new resort owned by US gaming and gambling concession holder Las Vegas Sands, opens Wednesday in Macau following an investment of US$4 billion.

The Sands Cotai Central complex, which covers an area of 1 million square metres, will have two casinos – the Himalaya and the Pacifica – with around 400 gaming tables and 800 slot machines covering an area of around 29,000 square metres.

The facility will also include the Conrad Hotel with 600 rooms and suites, the Holiday Inn, with 1,200 rooms and the Sheraton hotel, with 4,000 rooms, which is due to open by the end of the first quarter of 2013.

This is Sands China’s third resort in Macau and since the gaming market was liberalised in 2002 the company has invested 64 billion patacas (US$8 billion) in Macau.

Following the inauguration of the new resort Wednesday Macau has 36 casinos owned by Sociedade de Jogos de Macau, Galaxy Resorts, Wynn Macau, MGM Macau, Sands China, and Melco Crown.

This year another six gaming and gambling projects are expected to be launched and are currently waiting for the government to provide plots of land and to authorise the start of the new resorts of Macau Studio City, lot 3 of Sands China, the second phase of Galaxy Resorts, of Wynn Resorts, MGM Macau and Sociedade de Jogos de Macau.

Macau’s casinos posted accumulated gross revenues of 79.314 billion patacas (US$9.914 billion) in the first three months of 2012, representing a year on year rise of 27.0 percent, the Gaming Inspection and Coordination Bureau (GICB) said.

In 2011 gross gaming and gambling revenues in Macau’s casinos totalled 267.867 billion patacas (US$32.904 billion). (macauhub)