Commitment to Singapore Development Never Stronger Says LVS
Last update: 6:00 a.m. EST Feb. 27, 2009
LAS VEGAS, Feb 27, 2009 /PRNewswire-FirstCall via COMTEX/ -- Las Vegas Sands Corp. (LVS:las vegas sands corp com
LVS 2.85, +0.69, +31.9%) said today that it plans to use an informal meeting with the Singapore Tourism Board on Friday in Las Vegas to reaffirm its commitment to Singapore and the completion of the Marina Bay Sands integrated resort.
"Our commitment to the people of Singapore and the Marina Bay Sands, which we believe is destined to be one of the world's truly iconic buildings, has never wavered and we are greatly looking forward to opening its doors for the world to see," said Chief Executive Officer Sheldon G. Adelson. "In addition, and contrary to recent articles in the press, no significant changes have been made to our construction budget and considering how far along we are in the construction process, and the fact that the price of building materials have continued to decrease, we do not foresee any circumstances in which our construction costs would materially increase moving forward."
Statements in this press release, which are not historical facts, are "forward looking" statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (LVS:las vegas sands corp com
is the leading international developer of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-Hotel-Casino, The Palazzo Resort-Hotel-Casino, and the Sands Expo and Convention Center in Las Vegas and The Venetian Macao Resort-Hotel and the Sands Macao in the People's Republic of China (PRC) Special Administrative Region of Macao. The company also owns the Four Seasons Hotel Macao and is constructing two additional integrated resorts: Sands Casino Resort Bethlehem(TM) in Eastern Pennsylvania; and Marina Bay Sands(TM) in Singapore.
LVS is also creating the Cotai Strip(R), a master-planned development of resort-casino properties in Macao. At completion, the Cotai Strip will feature approximately 21,000 rooms from world-renowned hotel brands such as St. Regis, Sheraton, Shangri-La, Traders, Hilton, Conrad, Fairmont, Raffles, Holiday Inn, and InterContinental.
Investment Community: Daniel Briggs (702) 414-1221
Media: Ron Reese (702) 414-3607
SOURCE Las Vegas Sands Corp.
Copyright (C) 2009 PR Newswire. All rights reserved