The Sands China group on Tuesday the “Parisian” resort in Macau, an investment of US$2.9 billion and the US group’s latest since it was awarded a gaming concession in 2004.
The Parisian, with a replica of the Eiffel Tower Paris standing about 160 metres high, has 3,000 guest rooms, 150 shops, 10 restaurants and a casino with 410 gaming tables and 1,600 slot machines.
The Chairman and CEO of Sands China, Sheldon Adelson, who has invested US$13 billion in Macau so far, said at the opening of the new resort located in Cotai that the group wants to build more resorts in Macau.
In addition to the “Parisian”, in Macau the Sands China group has the Venetian, the Plaza Macao and Sands Cotai Central with seven hotels and a total of 13,000 rooms.
“We have built in the six areas that have been granted by the government. If they give us more land we are available to build new tourist developments. My dream, in fact, is to have 20 plots of land to expand the operation in Macau”, said Adelson.
The American tycoon said he was hopeful that the Macau government would renew his group’s gaming concession in 2020 and was optimistic about the future of casinos in Macau.
“Sands China has responded to government requests by betting on diversification into products for the gaming masses and not just for VIP players” said Adelson.
“Macau will have better days in the future. The revenues will start to grow. I am optimistic about the future”, he said.
Macau now has 37 casinos and generates monthly revenues of US$2 billion. (macauhub/MO)