New Global Casinos:

Russia | Azov City Mon, 30 Jun 2008 00:10:02
Atlantic City | Borgata?s Water Club Opens Sun, 29 Jun 2008 23:47:18
A new website: DailyDoseofVegas.com Fri, 27 Jun 2008 04:10:21

Apr

27

Cotai Strip® shopping

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Shopping | Leave a Comment

1 down, 1 almost down, and three to go. According to IHT.com, LVS announced that it plans to open its second of five shopping malls on the Cotai Strip this July.

The upcoming mall will feature 100 brands across 200,000 plus square feet of space. The company also plans on opening an additional three shopping malls, and when all five shopping malls are complete, LVS’ Cotai Strip will have 1,200 stores across more than 3 million square feet. Read more

Mar

30

LVS wants to build more Cotai Strips®

Filed Under Cotai, Las Vegas Sands | 4 Comments

In his quest for global gaming domination, Sheldon Adelson discussed his desire to build more multi-billion dollar Cotai Strip® like casino destinations around the world, but with one caveat - it has to be on his terms of NO TAXES.

LVS’s argument to a potential hosting country would be that if LVS is risking an investment of $15-20 billion dollars, while creating hundreds of thousands of good paying jobs and bringing in millions of new tourists into the country, the arrangement would still be a big win-win for both parties.

What Mr. Adelson brings to the table - his success in Vegas, Macau and Singapore, plus global clout and billions - could be so compelling that I wouldnt be surprised if at least one country takes him up on his offer. Read more

Mar

1

Las Vegas Sands Annual Report Review

Filed Under Macau, Macao, Cotai, Las Vegas Sands, Wall Street | Leave a Comment

Macau Daily Times did a quick run through on some interesting points located in Las Vegas Sands recent annual report filing. One of the more interesting things that you’ll find tucked away in there is that LVS still doesnt have the land concessions approved for several of the Cotai Strip® sites that they have already started construction on. This is not new news to everyone though, as an astute analyst had picked up on this last year and wrote about it in his blog, ZachStocks.com.

From the 10-K annual report: Read more

Jan

7

Cotai Strip®?

Filed Under Macau, Macao, Cotai, Las Vegas Sands | 1 Comment

If you’re like me (and hopefully you’re not) then you’ve probably been a little perplexed as to why a trademark symbol always follows the use of the word “Cotai Strip” by Las Vegas Sands.

Until now, the only explanation I’ve been able to find is from Wikipedia’s “Cotai Strip” entry:

“Las Vegas Sands currently has a trademark application pending with the United States Patent and Trademark Office for the name “Cotai Strip”. However, the name Cotai Strip is used generically by the press, as well as Read more

Oct

7

IS LVS’s Macao Concession in Jeopardy?

Filed Under Cotai, Las Vegas Sands, Wall Street | 1 Comment

I am surprised this article from the Las Vegas Review Journal has not caught more people’s attention. Apparently LVS is caught up in a potentially ugly lawsuit where the juicy details are currently confidential. But, according to the article, LVS’s lawyers, “argued during a hearing in a case filed more than 18 months ago that releasing the sealed information could put Read more

Oct

3

Cotai Strip disappoints

Filed Under Macao, Cotai, Las Vegas Sands, Venetian Macao, Melco PBL, Wall Street, Wynn | Leave a Comment

Who ever thought 50% revenue growth would be disappointing!

The AP writes:

“Analyst Celeste Mellet Brown said early figures showed September gambling revenue grew 55 percent from Read more

Sep

27

How is the Venetian Macao doing?

Filed Under Macao, Cotai, Las Vegas Sands, Venetian Macao, Wall Street | Leave a Comment

Here is Las Vegas Sands’ 30 day stock chart. The Cotai Strip®’s Venetian Macao has been open for 1 month. I think the chart answers my question. Read more

Sep

9

Sheldon’s Venetian Macao opening quotes

Filed Under Cotai, Las Vegas Sands, Venetian Macao | Leave a Comment

But what would a bear do on the Cotai Strip®?

Mr Adelson didnt let us down with his Venetian Macao grand opening, and I knew he wouldnt let us down in the quote department. Here are some doozies from The Times Online. Read more

Aug

26

LVS Interview ahead of Venetian’s Cotai Strip® opening

Filed Under Cotai, Las Vegas Sands, Venetian Macao, Wall Street | Leave a Comment

Does bigger mean better?

In Business Las Vegas sat down with Las Vegas Sands executive Brad Stone. I’ve listed a few of my favorite Cotai tidbits, but you still check out the whole article since its a great read.

“I think you’re going to see a significant shift away from the peninsula to the Cotai Strip®, and I think the Venetian is so unique, it’ll happen instantly with the opening of that property”

“As big as this building (Venetian Las Vegas) is, I kiddingly say it looks like a motel compared to the Venetian Macau”

“The Pentagon is half the size. The Pentagon is 6.9 million square feet. The Venetian Macau is about 10.5 million square feet”

Jul

26

LVS predicts full occupancy at Cotai Strip®’s Venetian

Filed Under Macao, Cotai, Las Vegas Sands, Venetian Macao | 1 Comment

Weidner’s Crystal Ball

Las Vegas Sand’s William Weidner made several predictions recently in an interview with Dow Jones News Wire about the opening of his Cotai Strip® hotel and casino - The Venetian Macao.

Expects full occupancy soon after it opens
“We expect the hotel to be wall-to-wall by October”
“The length of stay will be longer than average. We will see the beginning of the overnight market developing” — he believes the average guest will stay 3-4 days vs Macau’s current average of 1.5 days
He thinks the Cotai Strip® resort will draw 40,000 guests per day initially

August 28th!

Jun

13

Venetian Macao opening August 28th!

Filed Under Cotai, Las Vegas Sands, Venetian Macao | 3 Comments

Las Vegas Sands Corp. (NYSE: LVS) today announced that The Venetian Macao Resort Hotel, Asia’s first fully integrated resort and the anchor property of the company’s Cotai Strip(TM) development, will open on August 28, 2007.

“This is truly a defining moment for Las Vegas Sands Corp. as our work to open Macao’s first multi-use integrated resort comes to fruition and our vision of creating “Asia’s Las Vegas”(TM) comes one step closer to reality,” said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. “As this one-of-a-kind destination resort opens, and our development of the Cotai Strip continues, Macao will begin its transformation into the type of business and tourist destination only dreamt of in the past and in doing so fulfilling the desire of the government to turn Macao into a premier leisure, entertainment, and meeting and convention destination.”

At 10.5 million square feet, The Venetian Macao will be the second largest building in the world and the largest in Asia. It will feature 3,000 all-suite rooms, 1.2 million square feet of meeting, convention and exhibition space, an 1,800-seat Cirque du Soleil theater, world-class entertainment in a 15,000-seat arena, and 1 million square feet of retail space, which will be home to 350 stores and many of the world’s most renowned brands.

“With the opening of The Venetian Macao, we are now uniquely positioned as the first destination resort in Macao to offer all the integrated amenities necessary to attract a multi-night visitor,” said William P. Weidner, president and chief operating officer of Las Vegas Sands. “By appealing to a wide-array of travelers with our complete set of dining, shopping, leisure and entertainment offerings, we are repositioning Macao as a premier destination for shoppers, diners and entertainment-seekers, as well as the ideal location for businesses to hold their group meetings, conventions, or exhibitions.”

The launch of the Venetian Macao also marks the opening of the first property on the Cotai Strip in Macao. The Cotai Strip is a master planned development of hotel and resort properties being constructed by Las Vegas Sands Corp. and intended to recreate the success and excitement of the Las Vegas Strip. Upon completion, the Cotai Strip will feature 20,000 hotel rooms, more than 3 million square feet of retail space, and more than 2.5 million square feet of meeting and convention facilities, including hundreds of individual meeting rooms.

While LVS will construct and own each of the properties on the Cotai Strip, they will be operated by some of the most prestigious names in the hotel industry, including Four Seasons, Sheraton, St. Regis, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Swiss Hotel, Intercontinental, Holiday Inn and Cosmopolitan. All of the properties will be connected via enclosed pedestrian walkways. The Cotai Strip will also be home to six Las Vegas-style showrooms and a large arena used for a wide variety of sports and entertainment content — in all the Cotai Strip will be home to more than 25,000 seats of live entertainment.

“World-class entertainment offerings are an important component of Macao’s future as an international tour and travel destination and The Venetian Macao is pleased to lead the way in bringing these events to Macao,” said Weidner. “The first example of this comes on July 23, about one month before the opening of The Venetian Macao, when we will sponsor The Venetian Macao Cup featuring the Manchester United Football Club in a match with the Shenzhen Xiangxue Eifiti in Macao. In fact, the Manchester United and Shenzhen teams will be the first honorary guests of The Venetian Macao, which will provide their accommodations during the Cup.”

Weidner said additional events to be held in conjunction with the grand opening of The Venetian Macao will be announced shortly.