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China – Venetian Macao celebrates ten years of operation

By - 27 November 2017

Las Vegas Sands has celebrated the ten year anniversary of its Venetian Macao with a ceremony at the outdoor lagoon of the iconic integrated resort and a dinner attended by government officials from Macau and China.

The event had been postponed from August 28 following Typhoon Hato.

Opened on August 28, 2007, with great expectations for its success, the company’s anchor property on the Cotai Strip quickly became a must-see landmark destination that redefined the Cotai skyline, where it still draws in millions of visitors from around the world 10 years later.

Sands China President Wilfred Wong highlighted at the event that the 13 per cent increase in profit in the third quarter which took profit to $652m boded well for the year as a whole.

Mr. Wong said: “October was very strong. Hopefully for this year, with only two months to go, we can continue the growth trend. The economy and finance secretary also said that he expects that this year is going to pan out well. Sands China is so grateful to the Macau government, to the local community and to our team members as we commemorate this important milestone for The Venetian Macao, for our company and for Macau. It is our honour and pleasure to serve and operate in this vibrant community and it is our hope to continue to grow with Macau and work in tandem with the Macau government to further support Macau’s transformation into a world centre of tourism and leisure.”

Las Vegas Sands Chairman Sheldon Adelson was unable to attend the event due to an injury sustained on the ferry from Hong Kong to Macau but he is expected to make a full recovery and will return to Macau in early 2018.

Las Vegas Sands Senior Vice President of Global Communications Ron Reese said: “Mr Adelson has been receiving treatment for the injury and is expected to make a full recovery. He was not able to participate in the events celebrating the 10th anniversary of The Venetian Macao, but he is grateful for the support of everyone in attendance, especially those representing the government. He looks forward to returning to Macau in early 2018.”

With a vision to establish a world-class business, leisure and family destination on the Cotai Strip, Chairman and CEO of Las Vegas Sands Corp. and Sands China, Mr. Adelson brought his successful integrated resort model to Macao with the launch of The Venetian Macao – a move that was seen as a risky venture by many, but one that has stood the test of time. Ten years on, The Venetian Macao has been joined by three interconnected sister resorts – The Plaza Macao, Sands Cotai Central, and The Parisian Macao – forming an integrated resort city on Cotai attracting nearly half a billion visitors over the last 10 years.

“This property has a very special place in my heart,” said Mr. Adelson. “It was my wife, Miriam, who first had the inspiration to recreate Venice in Las Vegas, and opening The Venetian Macao in 2007 marked the beginning of my vision for the Cotai Strip. Nothing is more fulfilling to an entrepreneur than to see a vision turned into reality. For me, The Venetian Macao represents exactly that – first a vision and then a reality. I’m extremely grateful to every person who helped bring this reality to life and I’m humbled by the dedication and support we’re still receiving 10 years later.”

The ceremony was officiated by Edmund Ho, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference; Yao Jian, vice director of the Liaison Office of the Central People’s Government in the Macao Special Administrative Region; Wang Dong, deputy commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao Special Administrative Region; Alexis Tam Chon Weng, secretary for Social Affairs and Culture of the Macao Special Administrative Region; Paulo Martins Chan, director of the Gaming Inspection and Coordination Bureau of the Macao Special Administrative Region; Patrick Dumont, executive vice president and chief financial officer of Las Vegas Sands Corp.; and Dr. Wong.

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