Word: macao
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Dates: during 2000-2009
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...Cotai Strip takes the boom, and the city's glitz factor, to a whole new level. The first part of the project, slated for completion in 2007, includes Hilton, Marriott, Dorsett, Sheraton, InterContinental, Regal and Four Seasons hotels and casinos in addition to Adelson's own Venetian Macao. Besides more than doubling the number of hotel rooms in the city, the 1.3-km Cotai Strip's initial phase will boost entertainment and business facilities with an arena for concerts and sporting events (including NBA games) and a convention center. By the time the strip is finished in seven...
...Adelson says he's encouraged by the success of his Sands Macao casino opened last May. The Sands is already approaching $1 billion in gambling revenue (compared with an annual take of $450 million at Adelson's Las Vegas flagship, The Venetian) and is expected to break even in the next few months. Adelson is so confident in his vision of a Vegas of the East?an idea that he says came to him in a dream?that he's trademarked the phrase "Asia's Las Vegas." And why, by the way, does Asia need a Las Vegas? Says Adelson...
...help establish a beachhead, they have carefully blended all the Vegas pomp at the Sands Macao into an Asian vibe. A feng shui master helped design every detail of the casino to ensure that the elements were in harmony, from replacing the slot machines' winning trio of 7's with lucky Chinese 8's (in Chinese, the word for "eight" rhymes with the word meaning "get rich") to rounding the high rollers' area with beehive curves to encourage its inhabitants to "leave their honey." The staff is more polite than the Chinese have come to expect...
...thanks to the recent removal of certain internal travel restrictions, some 150 million mainlanders can now head to Macau without a tour guide as chaperone. "We're extraordinarily fortunate to be on the doorstep of China," says Bill Weidner, president of Las Vegas Sands, which opened the Sands Macao...
...other American licensee, Las Vegas Sands, averages more than 30,000 visitors a day at the $240 million Sands Macao, which uses the Portuguese spelling. But the Sands, with its golden facade and shimmering neon-purple fountain, will have some serious sibling rivalry in 2006 when its parent company finishes building an $800 million replica of the Venetian Resort Hotel Casino, complete with imitation canals and singing gondoliers. Sands chairman Sheldon Adelson is so gung ho about Macau that he is enlisting partners in a $10 billion project to duplicate the Vegas Strip on a sliver of reclaimed land between...