Las Vegas Sands Plans Macao Site
Gaming company Las Vegas Sands Corp. plans to develop and own a resort in Macao that will be managed by Fairmont Raffles Holdings International, the two companies said Wednesday.
The resort will include 1,500 rooms and be part of the Cotai Strip development on Cotai, an area of reclaimed land between the islands of Taipa and Coloane in Macao, the companies said.
The resort in Macao, a tiny island about 40 miles west of Hong Kong, will also feature residential apartments, casino gaming facilities and retail space.
Fairmont Raffles is owned by affiliates of Kingdom Hotels International and Colony Capital.
It owns and operates hotels under the Fairmont, Raffles, Swissotel and Delta brands.
Las Vegas Sands owns and runs the Sands Macao, a casino on the city’s peninsula, and is developing other hotel projects on Cotai.
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